ATLANTA--The Hospital for Sick Children, located in Toronto, Ontario, Canada, recently purchased Avega Health Systems’ Alliance Decision Support system and Key Indicators Executive Dashboard. Avega Health Systems is a subsidiary of MedAssets Inc.
With the Avega Alliance Suite, The Hospital for Sick Children (SickKids) is able to integrate financial, clinical and administrative information to support decision-making across the healthcare enterprise. Combining OLAP and Ad-Hoc reporting with a web-based distribution tool, Alliance helps SickKids improve clinical performance, control costs, manage and negotiate contracts, develop budgets and analyze productivity across the organization.
"This exciting opportunity allows SickKids to look at information in new ways,” says Angela Holtham, chief financial officer and vice president, finance at SickKids. “It helps us to better understand our business and make significant progress towards operational excellence. Operational excellence is essential to our continuing success as a world-class pediatric academic health sciences center."
The Hospital for Sick Children (SickKids), affiliated with the University of Toronto, is Canada's most research-intensive hospital and the largest center dedicated to improving children's health in the country. As innovators in child health, SickKids improves the health of children by integrating care, research and teaching. With a staff that includes professionals from all disciplines of health care and research, SickKids provides the best in complex and specialized care by creating scientific and clinical advancements, sharing knowledge and expertise and championing the development of an accessible, comprehensive and sustainable child health system. In 2004/2005 SickKids saw over 300,000 clinic, medical day care and diagnostic visits, nearly 50,000 emergency visits, and performed nearly 12,000 operating room cases.
Avega is celebrating 23 years as healthcare’s first choice for decision makers. Avega’s award-winning Alliance Suite supports the decision support, enterprise-wide reporting, data warehousing and operational support needs of both providers and payers. In addition to its main office in El Segundo, Calif., Avega maintains an office in Nashville, Tenn.
About MedAssets
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, pre-bill 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 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.
