Company Description (as filed with the SEC)
MedAssets is headquartered in Alpharetta, Georgia, and was incorporated in 1999. We are a financial and performance improvement company providing technology-enabled products and services (“solutions”) that, together, help mitigate the increasing financial pressures faced by hospitals, health systems, and other non-acute healthcare providers. These pressures include lower revenues due to shortfalls in, and the increasing complexity of, healthcare reimbursement, reductions in elective procedures, high levels of uncompensated care, and higher costs resulting from increasing operational complexity and clinical acuity. According to quarterly financial disclosure reports, the median hospital operating margin was 3.1% in 2011, and more than 25% of the hospitals reported a negative total profit margin for the year. ... More ...