Alpharetta businessman headed to Washington
John Bardis named assistant secretary to Health and Human Services Department
ALPHARETTA, – John Bardis, former CEO of the revenue cycle management firm MedAssets, will join the Health and Human Services department as assistant secretary for administration.
He will go to work for former Roswell Congressman Tom Price who was named by President Donald Trump to his cabinet as secretary of Health and Human Services.
Bardis founded MedAssets in 1999 and became the developer of what came to be known as the revenue cycle and supply chain management technology.
He served 15 years as CEO, and took the company through its IPO in 2007.
Bardis said he could not comment on his appointment as chief of operations other than to confirm it.
But this dovetails with Trump’s move to look to business solutions for streamlining government. The Department of Health and Human Services has a $1.1 trillion budget. If it were a nation, the department would have the 11th largest economy in the world.
Bardis made his company into the largest in its field by saving his client-customers money through cost savings.
The company began as a group purchasing organization (GPO) which offered its customers medical supply discounts. By 2014, MedAssets had become the largest GPO in the United States.
After the company became publicly traded in 2007, MedAssets expanded its services to include cost and clinical resource management, purchasing and revenue cycle solutions, change management consulting, and data-driven analytic software.
MedAssets grew in total net revenue from $188.5 million in 2007 to $720.2 million in 2014 under Bardis’ guidance.
In November 2015, MedAssets was sold for $2.7 billion to Pamplona Capital, which then sold off half of the company while merging the other with its Precyse subsidiary.
Now Bardis has a bigger job working with Secretary Price in leading one of the largest federal departments.
It employs more than 78,000 people serving residents across the United States.
Bardis is known for his experience in finding efficiencies in systems that cut costs and reduce overhead.
It will be Bardis’ job as the assistant secretary for Administration to provide leadership for HHS departmental administration, including human resource policy, information technology, and departmental operations.
He will also serve as the operating division head for the HHS Office of the Secretary.
A press release stated Bardis will be involved in policy and a key leader who will oversee the operations of all aspects of the department.
Bardis began his career in healthcare with American Hospital Supply and Baxter International where he climbed to various senior management positions. He left Baxter in 1987 to become president of Kinetic Concepts, departing in 1992.
From 1992-1997, Bardis was president and CEO of TheraTx Inc.
INC. Magazine named TheraTx the second-fastest growing public company in America in 1995 and named Bardis its “Entrepreneur of the Year,” for growing the company from $15 million to $500 million in five years.