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MedAssets Supply Chain Systems Announces Group Buy Initiatives for Capital Equipment

Atlanta, GA

MedAssets Supply Chain Systems’ Capital Equipment Program announced today the second Group Buy initiative for 2007.  The categories in this group buy include beds, bone mineral densitometry, blood culture systems, conventional radiology, mammography, microbiology systems, nuclear medicine, patient monitoring systems, patient room furniture, stretchers and video towers for laparoscopic and/or arthroscopic platforms.  The Group Buy began April 2, 2007 and extends to June 30, 2007. MedAssets will launch Group Buys in multiple categories on at least a quarterly basis.

In 2006, MedAssets launched an enhanced program for capital Group Buys that provides a timely and effective process for identifying customer needs. The new program also gives the MedAssets’ contracting team enhanced ability to negotiate exceptional savings for total life cycle cost of ownership for capital equipment.  As part of the newly designed process for Group Buys, MedAssets intensely markets these initiatives to its customer base. This unique marketing effort is in contrast to commonly seen vendor-driven promotions.  By focusing on increasing awareness of each Group Buy, MedAssets drives value for both the customer and vendor.

Group buy initiatives are available to MedAssets Supply Chain Systems customers nationwide.  Initiatives in the fourth quarter of 2006 included categories in imaging, laboratory and medical equipment that resulted in 13% additional savings for MedAssets' customers overall. These savings are incremental to the best previous contract value.

"We purchased an Open MRI unit through the MedAssets’ group buy program and are pleased by the results. The value of the group buy program combines volume-leveraged savings with minimal investment of resources normally required to achieve comparable pricing for completing a capital order,” said Michael Altobelli, Senior Purchasing Manager, Capital Equipment Group, University of Rochester.

“We have a responsibility to our customers to provide programs that help control cost and improve cash flow,” stated Mary Ellen Kimmeth, Vice President, Laboratory and Capital Equipment Services, MedAssets Supply Chain Systems. “We also desire to provide value and incremental growth to our vendor community. We are pleased to invest resources in a new process that definitively meets the needs of customers and vendors.”

Request for proposals are in progress for the third quarter 2007 Group Buy which will include ten categories. For more information about the MedAssets Capital Equipment Program or Group Buy Initiatives, please contact Joseph Dysko, Executive Director, Engineering and Capital Services.