ATLANTA, April 23, 2015 (GLOBE NEWSWIRE) -- MedAssets (Nasdaq:MDAS) today announced Vanderbilt University Medical Center (VUMC), a Nashville-based comprehensive healthcare facility and major patient referral center for the Mid-South, has selected the company to provide Lean Healthcare Transformation & Integration Consulting services for operational process and performance improvement across its care continuum. The new 18-month engagement – largely focused on VUMC's clinical departments – will use innovative education, advanced problem-solving techniques and rapid improvement initiatives to guide VUMC staff in affecting and sustaining change. The agreement builds upon momentum created from Lean project engagements completed in 2014 as part of MedAssets longstanding relationship with VUMC.
"Lean transformation methodologies are becoming an integral part of VUMC's continuous improvement efforts to drive enhanced operational performance and patient outcomes," said Mitch Edgeworth, chief operating officer, Vanderbilt University Hospital and Clinics. "Over the past year, our successful work with MedAssets on selected Lean transformation projects created a foundation for employing these initiatives more broadly in our organization. We look forward to working with them on these efforts."
Lean Solutions Aid Healthcare Delivery System Quality, Performance
Building off VUMC's successful, long-term relationship leveraging MedAssets Advisory Solutions to improve efficiencies and quality, lower cost structure and increase revenue, plans call for MedAssets team of Lean, Six Sigma, physician and clinical experts to deploy best practice change management and implementation know-how.
Lean and other continuous improvement methodologies have become primary strategies for responding to America's healthcare challenges. These methods provide practical, sustained benefits when applied to healthcare that positively impact patient and employee satisfaction. MedAssets Operational Improvement Solutions help organizations lower their total cost of operations by implementing processes and technologies that promote continuous improvement.
"Leading sources identify as much as $1.1 trillion in potential waste and inefficiency that can be taken out of the U.S. healthcare system, requiring healthcare organizations to take a pragmatic and accountable path toward sustainable operational and financial performance," said Mike Nolte, president and chief operating officer, MedAssets. "VUMC continues to lay a strong foundation for its transformational journey to sustain its position as a high-quality, high-performing healthcare delivery system. We are excited that Vanderbilt University Medical Center has chosen to expand its relationship with MedAssets and utilize our Operational Improvement Solutions to help the system achieve total performance improvement."
MedAssets (Nasdaq:MDAS) is a healthcare performance improvement company focused on helping providers realize financial and operational gains so that they can sustainably serve the needs of their community. Approximately 4,500 hospitals and 123,000 non-acute healthcare providers currently use the company's evidence-based solutions, best practice processes and analytics to help reduce the total cost of care, enhance operational efficiency, align clinical delivery, and improve revenue performance across the care continuum. For more information, please visit www.medassets.com.