Financial improvement case studies covering how members use expense management strategies that strengthen hospital operating margins and long-term financial viability

The costs of labor, supplies and pharmaceuticals are increasing while many health systems are still grappling with the financial and emotional toll of the pandemic. To help members achieve long-term financial sustainability, Vizient identifies opportunities to improve cost containment, optimize spend management and decrease clinical variation through standardization while using operational reporting that helps leaders enhance their bottom line.

Collaboration lowers the impact of rising drug prices

A strategic partnership helped Ballad Health increase value

Ballad Health saves $2.4 million in 2 years by collaborating with Vizient experts to manage pharmacy spend. By leveraging Vizient contracts and aggregation groups to standardize spend, the team found creative solutions and exceeded their cost savings goals.

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RUSH reduces readmission rates by applying collaboration, leading strategies and analytics

Benchmarking and collaboration help RUSH reduce readmission rates

Rush University System for Health partners with Vizient in its efforts to reduce readmission rates. RUSH uses the Clinical Data Base to measure their performance and participates in the Performance Improvement Stroke Collaborative and High Utilizer Collaborative. During a 12-month period, the collaborative realized 27 fewer readmissions, avoiding an estimated $694,000 of potential costs.

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Yale New Haven Health System leads a successful supplier transition during COVID-19

Transforming its supply chain and transitioning suppliers in the pandemic

Lori Lee, senior vice president of clinical operations, took the helm of Yale New Haven Health System's supply chain and began a distributor transition during the height of COVID with Vizient leading the RFP process.

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Forward-thinking leadership prevents shortages of critical drugs and medical supplies

Ochsner Health accesses critical supplies and medications during the pandemic

Under the leadership of Debbie Simonson, system vice president of pharmacy services, Ochsner Health has built-in resiliency into its supply chain to weather disruptions. Simonson and the Ochsner team had a plan in place for accessing these medications to meet exploding demand.

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Improving physician governance using data analytics saves $92 million over three years

Instilling a value analysis team leads to savings

The academic health system partnered with Vizient met with experts ® to tackle large scale financial improvements, including reducing operational costs, improving patient access, growing service lines and modernizing their IT infrastructure.

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A large academic health system aligns their diverse medical facilities to improve care delivery

Aligning cost and quality strategies systemwide for market growth

Initially each facility maintained services and analytics used to guide goal planning and performance improvement independently. After expanding their use of the Vizient clinical and operational analytics, advisory and group purchasing organization services the health system quickly generated efficiencies and savings.

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Evolving a healthcare strategic partnership

Using data and repeatable processes to drive savings

Baptist Memorial Health Care partnered with Vizient beyond its original GPO contract to a total performance management agreement. The health system is on track to achieve the goal of $73 million in cost savings and added revenue across workforce, pharmacy, supply chain and purchased services opportunities.

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Surgical practice change enhances efficiency

Adoption of a surgeon-led initiative delivers $900k in savings and reduces clinical variation

A surgical team at The Ohio State University Wexner Medical Center used Vizient® Procedural Analytics cohort opportunity data to reduce custom pack usage to improve efficiency and reduce clinical variation.

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Nurse residency program increases nurse retention by improving transition to practice

NYC Health + Hospitals takes a comprehensive approach to support first-year nurses

NYC Health + Hospitals partnered with Vizient to implement residency program addressing high nurse turnover rates. The program aimed to provide the clinical and emotional support from leadership that new nurses needed. By scaling up the program, the health system retained more nurses and reduced turnover rates, resulting in significant cost savings and improved patient care. The success of the program has even attracted nurses from outside to join the system.

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Building tomorrow’s supply chain at UMass Memorial Health Care

It's not easy to modernize an industry that still runs on fax machines. How do you turn yesterday’s supply chain into today’s value driver? See how we’ve helped UMass Memorial to save $23.7 million in just three years.

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The University of Vermont Medical Center uses data analytics to save up to $5 million on healthcare supply chain

UVM Medical Center uses data to communicate across its supply chain

The University of Vermont Medical Center uses Vizient tools to communicate with suppliers and physicians, reduce costs and meet healthcare performance goals. Additionally, visual data insights help garner support from the executive team that lead to process changes.

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A systemwide pharmacy network improves performance for inpatient and outpatient pharmacies

Speed to value: How Providence accelerated its pharmacy management performance

For Ellie Bahou, senior vice president and chief pharmacy officer at Providence, implementing a systemwide pharmacy network was the path to improving Providence’s operational performance. By aligning pharmacy operations across its 53 inpatient and outpatient facilities, the health system saved $8.5 million on drug spend.

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A partnership model embedding technology and supply chain expertise saves $56 million

Aligning values and expertise at INTEGRIS Health

At INTEGRIS Health, Vizient experts are embedded within the supply chain team and bring industry-leading resources to the table. As a member of both organizations, the partnership supports the healthcare system’s core pillars of excellence and strategy, starting with the supply chain process groundwork, which created a foundation for quick pivots as the COVID-19 pandemic unfolded.

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Building a systemwide supply chain solution across nearly 100 outpatient clinics

Solis Mammography transforms their supply chain generating efficiencies and savings

David Pyle, chief operating officer at Solis Mammography, partnered with Vizient to unite the supply chain process and streamline operations across the organization’s nearly 100 sites of care.

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