Healthcare Supply Chain Management: Medassets CEO John Bardis (Part 4)

SM: After completing two acquisitions, where were you in terms of revenue and profitability?

JB: At that point we were $40 million in revenue and profitability was in the $13 million range. We had to determine, since we competed with extremely large national competitors, how we changed the value proposition in order to become relevant. >>>

The Truth About Licensing A Product (Part 1)

By Guest Author Jim DeBetta of the Academy for Entrepreneurs

[Jim’s four-part series tells entrepreneurs and investors what they need to know about licensing a product through a discussion of the terms that drive the license’s value. Today’s focus is three common types of license.]

Licensing is the most popular method used to commercialize and profit from patents, yet few inventors are aware of the realities of licensing. In fact, I find there are many misconceptions about licensing. Since I talk to inventors and companies about licensing patents and products every day, I thought I would clear up some questions and point out some misconceptions and try to give you a realistic perspective on licensing. >>>

Healthcare Supply Chain Management: Medassets CEO John Bardis (Part 3)

SM: Your raised $55 million from two firms and then quickly had to change course from your original investment thesis. How did the investors react to that?

JB: They have been terrific. They have been involved in every major decision the corporation has made, and they remain very active on the board. >>>

Forbes Column 2009: The SaaS Roll-Up Begins

Zero-In this week looks at the SaaS roll-up prospects and speculates. Read: The SaaS Roll-Up Begins.

Healthcare Supply Chain Management: Medassets CEO John Bardis (Part 2)

SM: How did you respond when your initial MedAssets business model did not work as well as you had hoped?

JB: I was presented with an opportunity to acquire InSource Health Services, which was a small group purchasing organization formerly known as the Southern California Group Purchasing Services. That was in August of 1999. >>>

Deal Radar 2009: InQuickER

More Healthcare IT on today’s Deal Radar. InQuickER is an online check-in service that cuts the waiting time on visits to the emergency room (ER). Though Tyler Kiley, the founder and CEO, has never been directly involved in the treatment process at an emergency department, he was always aware of the problems facing hospital emergency departments. The experiences of his parents, who were involved in hospital administration, combined with his own when he had to wait for four hours to get treatment, drove him to solve this problem. >>>

Entrepreneur Journeys Book Review: Mentor Capital, Not Venture Capital

Here are some noteworthy reviews and mentions of Sramana’s new book:

Rick Terrien of Sustainable Work says, “Yes. A thousand times, yes. The subject of Ms. Mitra’s book and the approach she recommends is clear: You need to bootstrap most businesses. The next step is mentor capital, not venture capital. This will come when you’ve got customers and a track record. Use your bootstrapping phase to get smart, make mistakes and build a market. It will take more time but less money than you think.” >>>

Healthcare Supply Chain Management: Medassets CEO John Bardis (Part 1)

John Bardis is the chairman, president and CEO of MedAssets. He has over 23 years’ experience in the healthcare industry and has held various senior management positions with companies such as Baxter, Kinetic Concepts, and Theratx. He has also served as a member of the Advisory Board for High Bar Capital.

SM: Let’s start with your background. Where do you come from?

JB: I am originally from the Chicago area. I went to the University of Wisconsin on a wrestling scholarship. I ended up transferring and finished my education on a wrestling scholarship at the University of Arizona in Tucson. >>>