UMass Memorial renews supply chain deal
UMass Memorial Health Care has renewed and expanded its contract with an Atlanta-based services provider to help manage its supply chain and procurement operations, the firm announced Thursday.
The firm, MedAssets, said UMass Memorial agreed to a multi-year deal that will also include consulting, sourcing services and spending analytics.
MedAssets said UMass Memorial, Central Massachusetts’ primary health care system and the region’s largest employer, has saved an average of $5 million a year since 2006 by working with MedAssets.
"UMass Memorial Health Care, like many health systems, is in the process of evolving our supply chain as a strategic tool for cost reduction," said UMass Memorial CFO Sergio Melgar said in a statement distributed by MedAssets.
"We are confident that by pursuing resource utilization and standardization initiatives, along with new business approaches to ensure supply price and payment accuracy, that our system will be well-equipped to achieve a value-driven, strategically-run supply chain."
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