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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.
Evolving a healthcare strategic partnership
Driven to continue its journey towards improved quality scores and cost-savings goals, Baptist Memorial Health Care – a 22-hospital healthcare system operating in Tennessee, Mississippi and Arkansas – 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.
Read the case studyNurse residency program increases nurse retention by improving transition to practice
NYC Health + Hospitals takes a comprehensive approach to support first-year nurses
Over 1,300 nurses across 25 cohorts have participated in the program contributing to the health system's 90% retention rate for new nurses. Read the case studyA spend management approach for shoulder replacement surgery
RUSH University Medical Center tapped Vizient Procedural Analytics to generate financial and clinical data needed to persuade surgeons and stakeholders to do things differently.
Read the case studyBuilding 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.
Read the case studyThe 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. Read the case studyA 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. Read the case studyA 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. Read the case studyBuilding 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. Download the case studyMany successes, one common thread.
All of the success stories you see here were made possible by our relentless drive to provide unique insights, innovation, bring innovation and build collaboration. It’s The Vizient Difference. And it’s the shortest distance to healthier healthcare.
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