MedAssets, Inc. (NASDAQ: MDAS) today announced that Spectrum Health recently signed an agreement to use Alliance Decision Support from Avega Health Systems, a division of the MedAssets revenue management segment. Spectrum Health will utilize Alliance to enhance its cost accounting, contract management, clinical analytics, and executive dashboard and enterprise wide reporting processes.
Located in Grand Rapids, Michigan, Spectrum Health brings together a network of healthcare facilities and staff with a reputation for low cost, high-quality care. With seven accredited hospitals, more than 140 service sites and a network of primary care physicians, Spectrum Health is the largest healthcare provider in West Michigan.
According to Jeff Burke, Manager of Financial Decision Support at Spectrum Health, “The Alliance suite will allow us to provide a web-based, drillable key performance indicator dashboard to our executive team, while providing our directors, managers, and analysts with self-service decision support reporting that is timely, accurate, and consistent. Experience in healthcare decision support was a key determinant in our vendor evaluation process. Alliance also provides the flexibility to grow in functionality as we grow organizationally.”
The Alliance Suite, MedAssets’ decision support solution, integrates financial, clinical and administrative information to support decision-making across the healthcare enterprise. Combining online analytical processing and ad-hoc reporting with a web-based distribution tool, MedAssets decision support solutions help improve clinical performance, control costs, manage and negotiate contracts, develop budgets and analyze productivity across one organization or many.
MedAssets decision support solutions provide greater business intelligence for decision- making, enterprise-wide reporting, data warehousing and operational needs of both providers and payors.
About MedAssets
MedAssets (NASDAQ: MDAS) partners with healthcare providers to improve their financial strength by implementing integrated spend management and revenue cycle solutions that help control cost, improve margins and cash flow, increase regulatory compliance, and optimize operational efficiency. MedAssets serves more than 125 health systems, including 2,500 hospitals and 30,000 non-acute care healthcare providers. For more information, go to www.medassets.com.