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Last $21.20 USD
Change Today +0.54 / 2.61%
Volume 303.1K
MDAS On Other Exchanges
Symbol
Exchange
NASDAQ GS
As of 8:10 PM 08/28/15 All times are local (Market data is delayed by at least 15 minutes).

medassets inc (MDAS) Snapshot

Open
$20.60
Previous Close
$20.66
Day High
$21.25
Day Low
$20.60
52 Week High
07/30/15 - $23.90
52 Week Low
02/18/15 - $17.00
Market Cap
1.3B
Average Volume 10 Days
474.4K
EPS TTM
$0.63
Shares Outstanding
60.0M
EX-Date
--
P/E TM
33.8x
Dividend
--
Dividend Yield
--
Current Stock Chart for MEDASSETS INC (MDAS)

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medassets inc (MDAS) Details

MedAssets, Inc., a performance improvement company, provides technology-enabled products and services for hospitals, health systems, non-acute healthcare providers, payers, and other service providers and product manufacturers in the United States. It operates in two segments, Spend and Clinical Resource Management (SCM) and Revenue Cycle Management (RCM). The SCM segment provides a suite of cost management services, supply chain analytics, and data capabilities; strategic sourcing and group purchasing services; and medical device and clinical resource consulting, lean performance improvement, workforce management, and supply chain outsourcing and procurement services. This segment also provides business intelligence and decision support tools. The RCM segment offers Web-based software and technology-enabled services designed to enhance the revenue performance for healthcare organizations through patient access and financial responsibility, clinical documentation, charge capture and revenue integrity, pricing analysis, claims processing and denials management, payor contract management, extended business office revenue recovery, accounts receivable, and outsourcing services. As of December 31, 2014, the company served approximately 4,500 acute care hospitals and 123,000 ancillary or non-acute provider locations. The company was incorporated in 1999 and is headquartered in Alpharetta, Georgia.

3,350 Employees
Last Reported Date: 03/2/15
Founded in 1999

medassets inc (MDAS) Top Compensated Officers

President, Chief Operating Officer and Direct...
Total Annual Compensation: $577.2K
Founder and Chairman Emeritus
Total Annual Compensation: $898.1K
President of Revenue Cycle Management Segment
Total Annual Compensation: $555.0K
Chief Customer Officer, Senior Executive Vice...
Total Annual Compensation: $578.8K
Chief Strategy & Transformation Officer and E...
Total Annual Compensation: $470.3K
Compensation as of Fiscal Year 2014.

medassets inc (MDAS) Key Developments

MedAssets Expands Purchased Services Capabilities Through an Partnership with Valify

MedAssets announced that it has broadened its purchased services approach through an exclusive partnership with Valify to offer a new web-based analytics solution designed to standardize purchased services spend across the health system enterprise. The expansion of MedAssets Purchased Services Solutions capabilities to include new data and analytics software will complement its unique set of consulting services and solutions that support the management of non-medical and operational spend to further identify and analyze top areas of cost reduction. Purchased services spend typically represents 15% to 20% of a hospital's operating expense, a figure that rivals the cost of medical/surgical supplies. For many providers, there are more than 300 unique purchased services categories that are often undermanaged, including life and disability insurance, human resource services and employee healthcare benefits programs. With MedAssets comprehensive solution set, including Purchased Services Analytics, powered by Valify, providers can compare purchased services spend across all facilities, calculate expected savings by category, increase contract utilization and track realized savings. Providers are also able to focus beyond traditional, larger service expense categorizes including insurance, energy costs and managed equipment and optimize savings in other areas such as ancillary services, support services, repair and maintenance, and legal, IT, HR and other administrative services.

UMass Memorial Health Care Renews and Expands Relationship with MedAssets to Achieve Supply Chain Excellence

MedAssets announced that UMass Memorial Health Care renewed and expanded its longstanding relationship with MedAssets to further drive cost reductions enterprise-wide. The multi-year agreement leverages the breadth of MedAssetssupply chain management and procurement solutions, consulting expertise, sourcing services and analytics to further optimize supply chain performance, streamline procurement operations and improve clinical alignment. While many healthcare organizations are operating successful supply chain practices and operations, many more fall victim to significant inefficiencies and missed savings opportunities by not adopting supply chain best practices and automated purchasing processes. To build off the average annual savings of $5 million that UMass Memorial has achieved since 2006 with MedAssets various cost management solutions, the system will implement the company's end-to-end supply chain management and procurement technologies: Centralized Procurement: Consolidates and standardizes purchasing functions to MedAssets National Procurement Center in Plano, Texas for greater efficiencies and controls; eCommerce Exchange: A proprietary ecommerce platform that automates supply-chain transactions and provides real-time price verification; Item Master Services: Ensures the item file contains the most relevant supplies at the correct contracted price; Transaction Management: Allows providers to conduct ecommerce with any supplier regardless of size or technical ability, and facilitates the resolution for the root cause of price discrepancies while increasing visibility to spend; Spend and Pharmacy Analytics: A business intelligence tool that provides real-time visibility into pharmacy and supply chain spend to support cost-reduction initiatives and improve contract negotiations; Supply Chain Management Services: Offers best practice benchmarks and key performance indicators through outsourced management of the supply chain; Performance Improvement Consulting: Lean management processes to improve quality and patient satisfaction, capture revenue, control cost, improve margins and cash flow and optimize operational efficiency; EvaluationPRO™ and IntelligencePRO™, Powered by Procured Health: Expert services and analytics to improve evaluation and purchasing of high-expense physician preference items and other medical/surgical supplies; and Strategic Sourcing: A strategic, analytical and clinician-led approach to secure pricing for high quality products through MedAssets group purchasing organization.

MedAssets Is Exploring Available Strategic Alternatives

MedAssets, Inc. (NasdaqGS:MDAS) plan to create significant shareholder value by reducing its operating expenses, improving capital allocation, improving corporate governance and exploring all available strategic alternatives.

 

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MDAS Competitors

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Industry Analysis

MDAS

Industry Average

Valuation MDAS Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 1.7x
Price/Book 2.8x
Price/Cash Flow 14.8x
TEV/Sales 0.6x
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