Last $24.41 USD
Change Today +0.31 / 1.29%
Volume 355.3K
MDAS On Other Exchanges
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As of 8:10 PM 04/17/14 All times are local (Market data is delayed by at least 15 minutes).

medassets inc (MDAS) Snapshot

Open
$23.96
Previous Close
$24.10
Day High
$24.50
Day Low
$23.53
52 Week High
10/25/13 - $26.58
52 Week Low
06/3/13 - $16.31
Market Cap
1.5B
Average Volume 10 Days
361.9K
EPS TTM
$0.57
Shares Outstanding
61.8M
EX-Date
--
P/E TM
43.1x
Dividend
--
Dividend Yield
--
Current Stock Chart for MEDASSETS INC (MDAS)

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medassets inc (MDAS) Details

MedAssets, Inc., a financial and performance improvement company, provides technology-enabled products and services for hospitals, health systems, and other ancillary healthcare providers in the United States. It operates in two segments, Spend and Clinical Resource Management (SCM) and Revenue Cycle Management (RCM). The SCM segment provides a suite of cost management services, supply chain analytics, and data capabilities; strategic sourcing and group purchasing services; medical device and clinical resource consulting services; lean performance improvement services; workforce management; and supply chain outsourcing and procurement services. This segment is also involved in the provision of business intelligence and decision support tool services. The RCM segment offers a suite of software as a service or Web-based software and technology-enabled services, which address various revenue cycle processes comprising patient access and financial responsibility, clinical documentation, charge capture and revenue integrity, pricing analysis, claims processing, denials management and reimbursement integrity, payer contract management, extended business office revenue recovery, accounts receivable services, and outsourcing services. As of December 31, 2013, the company served approximately 4,400 acute care hospitals and approximately 122,000 ancillary or non-acute provider locations. MedAssets, Inc. was incorporated in 1999 and is headquartered in Alpharetta, Georgia.

3,200 Employees
Last Reported Date: 03/3/14
Founded in 1999

medassets inc (MDAS) Top Compensated Officers

Founder, Chairman, Chief Executive Officer an...
Total Annual Compensation: $998.5K
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $710.0K
Chief Operating Officer and Executive Vice Pr...
Total Annual Compensation: $583.1K
Chief Customer Officer, Senior Executive Vice...
Total Annual Compensation: $673.7K
Compensation as of Fiscal Year 2012.

medassets inc (MDAS) Key Developments

Baptist Health Care Engages MedAssets for Total Cost Management and Enhanced Operational Efficiency Across the Enterprise

MedAssets announced that Baptist Health Care (BHC) has signed a multi-year agreement that replaces its incumbent vendor for a wide array of the company's total cost management and operational efficiency solutions. Baptist Health Care will utilize the company's Strategic Sourcing, Operational Improvement, Clinical Resource Management, Procure-to-Pay solutions, as well as Cost Analytics and Operational Analytics tools. Plans call for multiple initiatives designed to reduce the organization's overall cost structure on a sustainable basis by identifying savings opportunities-both in price and utilization. Executing Innovative Strategies to Lower Costs, Improve Operational Efficiencies and Align Clinical Delivery Like many health systems today, BHC is managing the impact of declining reimbursements and greater pressure to assure high-quality clinical delivery. The MedAssets engagement supports BHC's efforts to enhance collaboration with clinical teams to improve overall visibility of the link between cost of care to supply utilization and patient outcomes. Data-driven insights and robust analytics provided by MedAssets enables care providers to move beyond cost containment on price to make informed changes that drive total cost reduction, financial optimization and clinical delivery alignment and efficiency.

R. Halsey Wise Joins MedAssets Board of Directors

MedAssets, Inc. announced that R. Halsey Wise has joined the company's board of directors. Mr. Wise is the founder and chief executive officer of Lime Barrel Advisors. In his new position with MedAssets, Mr. Wise will also be a member of the information technology and compensation committees of the board of directors.

MedAssets, Inc. Announces Earnings Results for the Fourth Quarter and Year Ended December 31, 2013; Provides Earnings Guidance for 2014

MedAssets, Inc. announced earnings results for the fourth quarter and year ended December 31, 2013. The company reported that net income for the fourth quarter ended December 31, 2013 was $7.75 million, or $0.13 per share, compared to a net loss of $14.35 million, or $0.25 loss per share, for the same quarter ended December 31, 2012. Total net revenue for the fourth quarter ended December 31, 2013 was $170.47 million, compared to $163.78 million for the same quarter ended December 31, 2012. Net income for the year ended December 31, 2013 was $27.44 million, or $0.45 per diluted share, compared to a net loss of $6.88 million, or $0.12 loss per diluted share, for the year ended December 31, 2012. Total net revenue for the year ended December 31, 2013 was $680.42 million, compared to $640.12 million for the year ended December 31, 2012. For 2014, the company expects total net revenue to be in the range of $700 million to $714 million and non-GAAP adjusted EBITDA to be in the range of $232 million to $242 million. For 2014, the company expects GAAP earnings per diluted share to be in the range of $0.57 to $0.67 and non-GAAP adjusted earnings per diluted share to be in the range of $1.33 to $1.43.

 

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Industry Analysis

MDAS

Industry Average

Valuation MDAS Industry Range
Price/Earnings 53.7x
Price/Sales 2.1x
Price/Book 3.0x
Price/Cash Flow 11.4x
TEV/Sales 1.0x
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