By Business Wirevia The Motley Fool
Filed under: Investing
Cancer Treatment Centers of America Expands MedAssets Relationship to Enhance Onsite Advanced Treatment Accommodations
MedAssets Capital and Construction Solutions selected to improve savings, transparency and collaboration on remodeling and expansion efforts across national network of state-of-the-art cancer hospitals
ATLANTA–(BUSINESS WIRE)– MedAssets (NAS: MDAS) today announced that Cancer Treatment Centers of America (CTCA) has engaged the company to help drive cost savings for construction projects across its national network of hospitals. The new agreement to use MedAssets Capital and Construction Solutions builds upon CTCA‘s current relationship with MedAssets for Strategic Sourcing services, Charge Integrity and Reimbursement Integrity solutions to drive better operational and financial performance.
According to Kimberly Alvord, corporate director of Supply Chain at CTCA, expansion and remodeling efforts at each treatment center is in response to growing demand for new, additional services that address all aspects of treating complex and advanced stages of cancer. Each of the state-of-the-art cancer hospitals houses the latest treatment technologies and experienced clinical staff, while at the same time is designed to be warm and comforting.
“MedAssets offers a technology-enabled service that delivers a single solution for comparing and purchasing construction items, which will be invaluable in saving our team time, cost and energy as we enhance our facilities to better meet the needs of our patients and their families,” said Alvord. “Moreover, by centralizing buying decisions and utilizing expert analysis and market intelligence data, we expect to achieve operational efficiencies and significant financial improvement in our projects.”
Managing Projects across Multiple Facilities for Better Aggregation
With MedAssets, CTCA gains access to a cloud-based solution for enhanced visibility and financial control of construction and renovation projects across all stages—from planning and predictive analysis to management. The network plans to use the solution suite’s models to budget and plan for overall increased visibility and enhanced collaboration among its facilities.
“The increase in demand for healthcare facility construction in a time of unprecedented economic challenge makes it imperative to identify and avoid the common, yet costly mistakes organizations make before, during and after a construction project,” said Cheryl Stoddard, vice president, Construction Solutions, MedAssets. “MedAssets is pleased that CTCA has selected our solution as it works to achieve on-time and under-budget construction and renovation projects.”