), a company dedicated to revenue cycle management (RCM) and
supply chain management, recently revealed a deal with Kettering
Health Network of Ohio which will enable the health network to
more efficiently utilize its revenue cycle flows.
This agreement comes on top of an existing deal which has
yielded substantial benefits for Kettering. According to the
company, the agreement reflects the capability of its software to
improve operational and fiscal performance.
MedAssets has a track record of enhancing economy and
efficiency of healthcare entities. Kettering has been using
MedAssets Access, Charge and Reimbursement Integrity offerings
and RCM offerings for about 6 years.
Kettering Health Network is a non profit set up of 75
ambulatory centers, eight emergency facilities and seven
hospitals in Northern Cincinnati and Greater Dayton. Kettering
offers medical facilities for many conditions and age groups. It
has unified its facilities under one network.
MedAssets teams with health-related entities to implement
revenue cycle management and other offerings that curb costs and
lead to better margins and cash flow. The company works with over
4,200 hospitals and 122,000 health providers. It handles $50
billion in health supply expenditure and slightly more than $365
billion in overall patient revenue.
We currently have a Zacks Rank #3 (Hold) on MedAssets. We are
more positive about
Air Methods Corp.
), which carries a Zacks Rank #1 (Strong Buy). Further,
Becton, Dickinson and Company
The Cooper Companies Inc.
) each carry a Zacks Rank #2 (Buy) and are expected to do
AIR METHODS CRP (AIRM): Free Stock Analysis
BECTON DICKINSO (BDX): Free Stock Analysis
COOPER COS (COO): Free Stock Analysis Report
MEDASSETS INC (MDAS): Free Stock Analysis
To read this article on Zacks.com click here.