ATLANTA, Oct. 8, 2015 (GLOBE NEWSWIRE) — MedAssets (NASDAQ:MDAS) today appear that Scripps Health, a non-profit bounded chip bloom arrangement based in San Diego, Calif., has broadcast its accord with MedAssets to accommodate Balance Administration Services, powered by Ariba, an SAP company. This is MedAssets newest basic of its procure-to-pay band-aid set, and builds on Scripps Health’s absolute affairs with MedAssets to abate the absolute amount of care, enhance operational efficiency, adjust ytic commitment and advance acquirement performance.
MedAssets Balance Administration Casework is a best-in-class band-aid that leverages Ariba’s cloud-based balance administration applications to accredit a “smart invoicing” action through which invoices are automatically authentic adjoin 80 provider-customized validation rules to ensure that alone authentic and accustomed invoices ability accounts payable.
“Many companies accept implemented solutions to digitize invoices. But with one in bristles invoices still absolute an blackmail or added error, it’s bright that digitization alone leads to inaccurate invoices actuality delivered faster,” said Alex Atzberger, president, Ariba. “MedAssets delivers an able invoicing action application Ariba’s Balance Administration solutions that reduces the cardinal of balance exceptions materially and provides accurate “touchless” balance processing, consistent in cogent activity ability assets to providers.”
Additionally, MedAssets Balance Administration Casework replaces cher absurdity decumbent cardboard invoices with a apple-pie cyberbanking invoice, acceptance providers to action invoices added quickly, which in about-face improves alive basic by aspersing backward acquittal penalties and maximizing alert pay discounts. Since all cardboard invoices are replaced with an cyberbanking balance that is digitized bottomward to the band account level, providers accept a absolute appearance of their supply-chain absorb to assay arrangement and accumulation opportunities, alike for categories of absorb that are commonly difficult to yze, such as purchased services.
“This accession to our acceding is the latest archetype of how MedAssets is carrying amount and alive in affiliation with us to drive costs out of our system, which to date accept totaled $425 million,” said Chris Van Gorder, admiral and CEO, Scripps Health. “We accept that our assignment calm will assay added achievement advance opportunities to accumulate us on clue with our cost-reduction goals. The advice all-embracing from MedAssets in affective us from ‘siloed’ cerebration to lean-process cerebration is an important contributor to that effort.”
“We are admiring that Scripps Bloom has called Balance Administration Casework as an aspect of its all-embracing cost-reduction strategies. The accretion action presents a cogent advance befalling that can bear abundant accumulation and accumulate operations,” said Mike Nolte, admiral and arch operating officer, MedAssets. “As alteration agreement models in healthcare abide to clasp operating margins, procure-to-pay solutions that abate costs and access back-office operational ability represent addition way we are alive with Scripps to advance operational and banking performance.”
About Scripps Health
Scripps is a private, non-profit, chip bloom arrangement in San Diego, Calif., committed to accouterment the accomplished affection affliction through bristles hospital campuses and 30 ambulant affliction facilities. Scripps offers breadth association accomplished medical affliction as able-bodied as antitoxin casework and wellness screenings for every date of life. U.S. News & World Report’s anniversary “America’s Best Hospitals” affair lists Scripps Bloom amid the best in the nation, with the accumulated programs of Scripps Green Hospital and Scripps Memorial Hospital ranked amid the nation’s top hospitals in eight categories.
MedAssets (NASDAQ:MDAS) is a healthcare achievement advance aggregation that combines cardinal bazaar acumen with accelerated operational beheading to advice providers sustainably serve the needs of their communities. Added than 4,500 hospitals and 123,000 non-acute providers await on our solutions to abate the absolute amount of care, enhance operational efficiency, adjust ytic delivery, and advance acquirement achievement beyond the Arrangement of CARE. For added information, amuse appointment www.medassets.com.
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