MEDASSETS, INC. (MDAS, Financial) filed Annual Report for the period ended 2010-12-31.
Medassets Inc. has a market cap of $822.6 million; its shares were traded at around $14.17 with a P/E ratio of 21.5 and P/S ratio of 2.1. Hedge Fund Gurus that owns MDAS: Paul Tudor Jones of The Tudor Group, Steven Cohen of SAC Capital Advisors.
According to the U.S. Centers for Medicare & Medicaid Services, or CMS, spending on healthcare in the United States was estimated to be $2.5 trillion in 2009, or 17.3% of United States Gross Domestic Product, or GDP. Healthcare spending is projected to reach almost $4.5 trillion by 2019, or 19.3% of GDP. In 2009, spending on hospital care was estimated to be $760.6 billion, representing the single largest component. According to the American Hospital Association, the U.S. healthcare market has approximately 5,800 acute care hospitals, of which nearly 2,900 are part of health systems. A health system is a healthcare provider with a range of facilities and services designed to deliver care more efficiently and to compete more effectively to increase market share. The non-acute care market consists of nearly 550,000 healthcare facilities and providers, including outpatient medical centers and surgery centers, medical and diagnostic laboratories, imaging and diagnostic centers, home healthcare service providers, long term care providers, and physician practices.
We believe that ongoing strains on government agencies ability to pay for healthcare will have the effect of limiting available reimbursement for hospitals. Reimbursement by federal programs often does not cover a hospitals cost of providing care. In 2008, community hospitals had a shortfall of more than $36 billion relative to the cost of providing care to Medicare and Medicaid beneficiaries, up from $3.9 billion in 2000, according to the American Hospital Association. The growing Medicare eligible population, combined with a declining number of workers per Medicare beneficiary, is expected to result in significant Medicare budgetary pressures leading to increasing reimbursement shortfalls for hospitals relative to the cost of providing care.
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Medassets Inc. has a market cap of $822.6 million; its shares were traded at around $14.17 with a P/E ratio of 21.5 and P/S ratio of 2.1. Hedge Fund Gurus that owns MDAS: Paul Tudor Jones of The Tudor Group, Steven Cohen of SAC Capital Advisors.
Highlight of Business Operations:
Our success in improving our customers ability to increase revenue and manage supply expense has driven substantial growth in our customer base and has allowed us to expand sales of our products and services to existing customers. These factors have contributed to our compounded annual net revenue growth rate of approximately 27.9% over our last five fiscal years. Our customer base currently includes more than 180 health systems and, including those that are part of our health system customers, over 4,000 acute care hospitals and more than 90,000 ancillary or non-acute provider locations. Beginning January 1, 2011, our Spend Management segment was renamed Spend and Clinical Resource Management (SCM) to reflect the broader clinical resource utilization and performance management capabilities of the organization. Our SCM segment manages more than $41 billion of annual supply spend by healthcare providers, including over $24 billion of annual spend through our group purchasing organization (GPO), on behalf of more than 2,500 hospital customers. Our Revenue Cycle Management segment (RCM) currently has more than 2,200 hospital customers, which makes us one of the largest providers of revenue cycle management solutions to hospitals.According to the U.S. Centers for Medicare & Medicaid Services, or CMS, spending on healthcare in the United States was estimated to be $2.5 trillion in 2009, or 17.3% of United States Gross Domestic Product, or GDP. Healthcare spending is projected to reach almost $4.5 trillion by 2019, or 19.3% of GDP. In 2009, spending on hospital care was estimated to be $760.6 billion, representing the single largest component. According to the American Hospital Association, the U.S. healthcare market has approximately 5,800 acute care hospitals, of which nearly 2,900 are part of health systems. A health system is a healthcare provider with a range of facilities and services designed to deliver care more efficiently and to compete more effectively to increase market share. The non-acute care market consists of nearly 550,000 healthcare facilities and providers, including outpatient medical centers and surgery centers, medical and diagnostic laboratories, imaging and diagnostic centers, home healthcare service providers, long term care providers, and physician practices.
We believe that ongoing strains on government agencies ability to pay for healthcare will have the effect of limiting available reimbursement for hospitals. Reimbursement by federal programs often does not cover a hospitals cost of providing care. In 2008, community hospitals had a shortfall of more than $36 billion relative to the cost of providing care to Medicare and Medicaid beneficiaries, up from $3.9 billion in 2000, according to the American Hospital Association. The growing Medicare eligible population, combined with a declining number of workers per Medicare beneficiary, is expected to result in significant Medicare budgetary pressures leading to increasing reimbursement shortfalls for hospitals relative to the cost of providing care.
Read the The complete Report
