MedAssets Signs Partnership Agreement with Attainia for Unique Construction Services Capabilities

Adds exclusive value for MedAssets capital and construction clients

ATLANTA--()--MedAssets (NASDAQ: MDAS) today announced an agreement with Attainia, a construction and capital equipment technology company, to drive further client savings and cost containment. In an environment where healthcare organizations must do more with less, achieving optimum value from capital spending is more critical than ever to long-term business success. With this new agreement, organizations utilizing MedAssets Capital and Construction Solutions gain access to Attainia’s market-leading cloud-based solution suite for enhanced visibility and financial control of construction and renovation projects across all stages—from planning and predictive analysis to management.

“The combination of MedAssets construction project planning and management knowledge with Attainia’s market-leading technology solutions will serve to enhance MedAssets integrated, total cost management approach to improving project budget controls and investment in equipment and building upgrades,” said Cheryl Stoddard, vice president, Construction Solutions, MedAssets. “Attainia and MedAssets applications, in conjunction with the guidance of MedAssets experts, provide a competitive advantage to facilitate a transparent and collaborative construction environment to support on-time and on-budget high-cost category projects.”

The Attainia comprehensive solution suite includes the following modules:

  • BUDGET: provides a dashboard view for providers to enter capital budget replacement requests and manage their approval workflow.
  • PLAN: provides a collaborative platform for managing capital equipment in projects of any size, from the early planning stage, through procurement and installation.
  • PREDICT: provides visibility into all planned and budgeted capital by combining data from BUDGET and PLAN.
  • WATCH: provides sourcing decision support via a comprehensive healthcare capital equipment catalog that includes detailed product information, room templates and MedAssets contracts.

MedAssets Capital and Construction Solutions are part of the company’s national group purchasing organization portfolio and field data expertise. Client benefit from the ability to aggregate the purchasing of clinical and non-clinical equipment in alignment with clinical and business requirements. Overall project management is then applied to support achieving on-time and under-budget construction or renovation projects.

San Diego Facility Identifies Value with MedAssets and Attainia

According to Stoddard, the healthcare industry has been burdened historically with capital construction cost excesses that are quickly becoming the norm, rather than the exception. Currently, 80 healthcare organizations have elected to use MedAssets Capital and Construction Solutions, representing more than 500 facilities.

Scripps Health, with five hospital campuses and 23 outpatient facilities, recently implemented MedAssets Capital and Construction solutions and services along with Attainia’s technology. The integration of both solutions enabled the facility to gain full visibility of all items and transactions and better communicate among stakeholders for consensus building in a more efficient timeframe.

About Scripps Health

Founded in 1924 by philanthropist Ellen Browning Scripps, Scripps Health is a $2.45 billion nonprofit integrated health system based in San Diego, Calif. Scripps treats a half-million patients annually through the dedication of 2,600 affiliated physicians and 13,000 employees among its five acute-care hospital campuses, home health care services, and an ambulatory care network of physician offices and 23 outpatient centers and clinics. For the past five years, Scripps has been recognized by Fortune magazine as one of the nation’s “100 Best Places to Work For.” Recognized as a leader in the prevention, diagnosis, and treatment of disease, Scripps is also at the forefront of clinical research, genomic medicine, wireless health care and graduate medical education. With three highly respected graduate medical education programs, Scripps is a longstanding member of the Association of American Medical Colleges. More information can be found at www.scripps.org.

About Attainia

Attainia provides innovative solutions to manage the complex capital equipment lifecycle. Its systems are the world's most widely used healthcare planning and budgeting applications. Customers include some of the largest healthcare architectural and planning firms, as well as healthcare integrated delivery networks and individual hospitals. Subscribers engage in all phases of cloud-based project planning and budgeting while accessing Attainia’s comprehensive catalog of manufacturers, products and solutions at www.attainia.com.

About MedAssets

MedAssets (NASDAQ: MDAS) partners with healthcare providers to improve their financial strength by implementing revenue cycle, spend and clinical resource management solutions that help capture revenue, control cost, improve margins and cash flow, increase regulatory compliance, and optimize operational efficiency. MedAssets serves more than 4,200 hospitals and 100,000 non-acute healthcare providers. The company currently manages $48 billion in supply spend and touches over $340 billion in gross patient revenue annually through its revenue cycle solutions. For more information, go to www.medassets.com.

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Contacts

MedAssets
Media Contact:
Robin Wrinn, 678-624-7420
rwrinn@medassets.com
or
Investor Contact:
Robert Borchert, 678-248-8194
rborchert@medassets.com

Release Summary

MedAssets Signs Partnership Agreement with Attainia for Unique Construction Services Capabilities (NASDAQ: MDAS)

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Contacts

MedAssets
Media Contact:
Robin Wrinn, 678-624-7420
rwrinn@medassets.com
or
Investor Contact:
Robert Borchert, 678-248-8194
rborchert@medassets.com