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news.MedAssets has entered into a new multi-year agreement with Bon Secours Health System to expand its relationship by implementing a suite of MedAssets data management and analytical tools to enhance supply chain and revenue cycle data accuracy and transparency across the health system.
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Bon Secours will be implementing CrossWalk to connect its hospitals’s supply item files and chargemasters, thus enabling a process by which mark-up strategies can be modeled before implementation to understand gross and net revenue impact. Additionally, CrossWalk helps hospitals identify costly items not in the supply item file and items that are being purchased off contract and outside of the standard purchasing processes. Bon Secours will also utilize supply chain analytics by incorporating MedAssets’s best-practice master supply item file to perform complex data conditioning.
Rand Ballard, COO and chief customer officer, MedAssets, said: “The combination of our revenue cycle and supply chain management capabilities will help Bon Secours drive operational and financial efficiencies throughout their health system.”