LEXINGTON, Mass., Aug. 1 /PRNewswire/ -- Instrumentation Laboratory (IL) today announced that MedAssets Supply Chain Systems has signed a new contract for its GEM Premier 3000 critical care analyzer and CO-Oximeters. This is IL’s second multi-year contract with MedAssets Supply Chain Systems; the first, established in 2002, was extended one year.
The agreement covers IL’s critical care analyzers, reagents, consumables and service, including the GEM(R) Premier(TM) 3000 analyzer for blood gas, electrolyte and metabolite testing. This analyzer features Intelligent Quality Management (iQM(TM)), a real-time, automated, continuous quality assurance system that helps ensure the quality of every test result and reduce costs and time. In addition, the agreement includes IL’s CO-Oximeters: the IL682, a benchtop analyzer, and the GEM OPL, a portable, whole blood CO-Oximeter.
“We have chosen to renew our relationship with Instrumentation Laboratory so our hospital customers can continue to benefit from their high quality critical care technology. In addition, IL’s products offer significant cost-efficiencies to our customers, which is a key criterion in our selection process,” said Mary Ellen Kimmeth, Vice President, Laboratory Division at MedAssets Supply Chain Systems.
At the MedAssets Healthcare Business Summit in April 2006, IL was recognized as a Platinum Vendor by MedAssets for outstanding achievement; criteria include outstanding increases in revenue, member value, administrative support and advancement of MedAssets’ corporate values. This is MedAssets’ top vendor award.
“We are very honored to be chosen as a Platinum Vendor by MedAssets; and now, to have our relationship extended through this new contract clearly demonstrates the value of our products to their customers,” said Brian Durkin, Director of Sales and National Accounts at IL. “Our goal is to provide the medical community with products that help ensure the highest quality patient care -- the kind of care MedAssets customers deliver every day.”
Background on the GEM Premier 3000 with iQM
The GEM Premier 3000 is a proven Blood Gas, Electrolyte, Glucose, Lactate and Hematocrit analyzer that provides exceptional analytical performance. The maintenance-free, disposable, multi-use cartridge contains everything necessary for whole blood testing in centralized and decentralized locations. iQM is an automated quality assurance system, designed to improve the quality of test results and enhance patient care. It automatically QCs the system, monitors real-time performance, identifies failures and interferences, takes corrective action and provides documentation. GEMweb(TM) software allows direct connection into a hospital’s intranet and remote management of the analyzer via a standard web browser. Additional data management selections include IMPACT(TM) for Critical Care and multiple device connectivity options.
MedAssets, headquartered in Atlanta, Georgia, improves healthcare providers’ margin and cash flow through revenue cycle and supply chain initiatives as well as decision support technology and services. As a strategic business partner, MedAssets can replace multiple vendors and decrease supply costs by 3-10 % and increase net patient revenue by 1-3%. MedAssets Net Revenue Systems provides best-of-breed revenue solutions including defensible pricing, charge capturing, and ongoing chargemaster management tools, all of which have been Peer Reviewed by the Healthcare Financial Management Association. MedAssets Net Revenue Systems also offers denials management and a tool to link supply cost data with charge data. MedAssets Supply Chain Systems is one of the fastest growing group purchasing organizations in the U.S. and builds customized solutions encompassing procurement of common medical supplies, pharmaceuticals, physician preference supplies, food and nutrition items, and capital equipment. The newly formed MedAssets Analytical Systems offers supply chain analytics and decision support tools while clinical and operational consulting services are provided through MedAssets’ subsidiary, Aspen Healthcare Metrics. Avega Health Systems, a subsidiary of MedAssets, ranked “Best in KLAS” in Business Decision Support -- KLAS Enterprises, LLC 2005. For more information about MedAssets go to http://www.medassets.com or contact Gary Johnson, corporate senior vice president of Marketing and Marketing Services, 100 North Point Center East, Suite 200, Alpharetta, GA 30022.
Instrumentation Laboratory (http://www.ilus.com), founded in 1959, is a worldwide developer, manufacturer and distributor of in vitro diagnostic instruments, related reagents and controls for use primarily in hospitals and independent clinical laboratories. The company’s product lines include critical care systems, hemostasis systems and information management systems. IL’s GEM product offerings, part of the critical care line, include the GEM Premier 3000 with Intelligent Quality Management (iQM(TM)), GEM OPL(TM), a portable whole blood CO-Oximeter and the GEM PCL Plus, a portable Coagulation analyzer. IL’s hemostasis portfolio includes the ACL TOP(TM), a fully automated, high-productivity analyzer and the ACL ELITE, the latest addition to the ACL family. IL also offers the HemosIL(TM) line of reagents. IL is based in Lexington, Massachusetts.
Instrumentation Laboratory
CONTACT: Sally McCraven of Instrumentation Laboratory, +1-781-861-4577
