MedAssets, Inc. (MDAS), 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. (AIRM), which carries a Zacks Rank #1 (Strong Buy). Further, Becton, Dickinson and Company (BDX), and The Cooper Companies Inc. (COO) each carry a Zacks Rank #2 (Buy) and are expected to do well.
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