Boston, MA 06/18/2013 (wallstreetpr) – The market price of MedAssets, Inc.(NASDAQ:MDAS) surged by 2.47 percent to reach the value of $17.82 for the day. MedAssets, Inc.(NASDAQ:MDAS) price ranged from $17.47 low to $18.10 high. The 52 week low price of MedAssets, Inc.(NASDAQ:MDAS) is $11.72 and the high price for that period is $19.99. The market opened at $17.52 to get a growth of $ 0.43 for Monday. The market capitalization is little over 1 billion with the institutions investors contributing around 91 percent. The outstanding shares are around 60.90 million. The Net profit margin is 4.46 percent for the first quarter of the year 2013.
The announcement of the introduction of Procure-to-Pay solutions suite at HFMA National Institute in Orlando is scheduled during June 16 to June 19. This enhances the management of contact compliance, pricing strategy and standardization of the MedAssets, Inc.(NASDAQ:MDAS)’s platform data analytics and supply chain expertise. This initiative will optimize the back office supply chain process to improve the efficiency and reduced costs. MedAssets, Inc.(NASDAQ:MDAS) handles the 22 health systems of more than 150 hospitals along with more than 800 care providers usage of MedAssets, Inc.(NASDAQ:MDAS)’s systems to automate the supply chain processes, enhance the pricing accuracy and the contract compliance.
The Procure-to-Pay solutions suite was implemented in Beaufort Memorial Hospital – Beaufort, S.C., Integrated Healthcare Holdings, Inc. – Santa Ana, Calif, Meadows Regional Medical Center – Vidalia, Ga., University Health System – San Antonio, Texas and Wise Regional Health System – Decatur, Texas. MedAssets, Inc.(NASDAQ:MDAS) offers the end to end total cost management solution which can reduce the total spend by 3 percent to 5 percent by automating the entire supply chain processes at C-suite level.
MedAssets, Inc.(NASDAQ:MDAS) provide the technology enabled products and services. MedAssets, Inc.(NASDAQ:MDAS)’s solutions are delivered through Saas (software as a service), web based applications or company hosted software. MedAssets, Inc.(NASDAQ:MDAS) does implementation, support and consultation as well as sale and client management support. MedAssets, Inc.(NASDAQ:MDAS) has got Spend and Clinical resource management(SCM) and revenue cycle management as the two major segments whose web based applications use cloud computing.
