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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
A spend management approach for shoulder replacement surgery
Financial and clinical data that drives savings
RUSH University Medical Center tapped Vizient Procedural Analytics to generate financial and clinical data needed to persuade surgeons and stakeholders to do things differently.
Many 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.
Speak with our team of experts to learn more
Let’s discuss your challenges
Tell us a little more about how we can help you. Here's what we're going to do with the details you share:
- Identify the person or resource best suited to help you with your challenge.
- Contact you to address it directly.