Jupiter Medical Center, a 283-bed not-for-profit regional medical facility located in Jupiter, Florida, has selected MedAssets to provide consulting and technology-enabled services in order to achieve financial and operational improvements and help align the cost of care with clinical outcomes.
The hospital will utilise MedAssets’ strategic sourcing, cost analytics, clinical resource management and workforce solutions to drive towards a clinically-integrated supply chain while also improving labour and optimising resource management and performance.
Jupiter Medical Center vice president and CFO Dale Hocking said that the hospital’s relationship with MedAssets will assist in expanding its traditional cost management approach to a broader, more strategic vision that aligns the cost of care with clinical outcomes.
"MedAssets has the experience, expertise and technology to help us develop a holistic approach to performance improvement that creates sustainable savings and delivers effective and efficient patient care at optimal cost," Hocking added.
The new competitive climate of the healthcare market and the associated new reimbursement models are compelling providers to focus concurrently on improving revenue, performance and care delivery.
MedAssets will assist Jupiter Medical Center in designing and implementing the best path forward to achieve significant, measurable savings through comprehensive evidence-based solutions, best practice processes and analytics tools to deliver sustainable financial, operational and clinical performance improvement.
The respective teams will collaborate to focus on linking standardisation and utilisation of physician preference items to costs, optimising workforce staffing and scheduling, strengthening operational processes, and better managing supply costs.
MedAssets COO Mike Nolte said the company is pleased that Jupiter Medical Center has chosen MedAssets to help achieve financial and operational improvements so that it can sustainably serve the needs of the community.
"Using data-driven insights, our solutions enable informed changes that drive total cost reduction, financial optimisation, clinical delivery alignment and operational efficiency," Nolte added.
Jupiter Medical Center provides a broad range of services with a focus on oncology, imaging, orthopaedics and spine, digestive health, emergency services, lung and thoracic, women’s health, weight management and men’s health.