Title
Ratify the execution by the Director of Materials at Natividad Medical Center of Addendum No. 1 to the Master Agreement (A-12780) with MedAssets Performance Management Solutions, Inc. ("MedAssets") for Group Purchasing Organization ("GPO") services, which designates Vizient, Inc. as the new parent company of MedAssets, with no significant changes to the scope of services or term of the agreement.
Report
RECOMMENDATION:
It is recommended the Board of Supervisors:
Ratify the execution by the Director of Materials at Natividad Medical Center of Addendum No. 1 to the Master Agreement (A-12780) with MedAssets Performance Management Solutions, Inc. ("MedAssets") for Group Purchasing Organization ("GPO") services, which designates Vizient, Inc. as the new parent company of MedAssets, with no significant changes to the scope of services or term of the agreement.
SUMMARY/DISCUSSION:
The Master Agreement with MedAssets (now a wholly owned subsidiary of Vizient, Inc.) enables Natividad Medical Center ("NMC") to participate in GPO purchasing of goods and services via a large pool of supplier contracts which have been subject to the bidding and Request for Proposals process by Vizient, Inc
In 2016 Vizient, Inc. acquired MedAssets, and although MedAssets continues to exist as a valid business entity, Vizient, Inc. now must be acknowledged as a party in the GPO program and this addendum is the mechanism to formally process this acknowledgment. Vizient, Inc. has informed NMC that all MedAssets-Supplier contracts will be converted to Vizient, Inc-Supplier contracts by the end of the first quarter of 2018.
The Vizient brand identity represents the integration of VHA Inc., University HealthSystem Consortium and Novation, which combined in 2015, as well as the recently acquired MedAssets' Spend and Clinical Resource Management (SCM) segment. Vizient, Inc. is considered to be the largest member-owned health care company in the country.
As with MedAssets, there are n...
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