Grow savings through purchased services management

Purchased services spend represents as much as 20% to 25% of a hospital’s total expenses, but savings opportunities are not always easy to identify. Strategic, analytic and organizational challenges all make streamlining the contracting process a daunting task.

Vizient can help members identify savings opportunities on more than 350 categories of services by aiding the contract process and providing rate comparisons through regional or national benchmarks.

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Purchased services spend represents up to 25% of total expenses according to Vizient Savings Actualyzer™ data

We bring end-to-end expertise across all categories

Focus on performance across these four areas to become a market  leader bringing transformative value to operational support services with  savings between 20% and 30%.

Providing insight across spend categories

We provide exceptional value through expert contracting, outsourcing, specialized guidance and strategic management for hospitals and health systems — plus a track record of delivering rapid, sustainable savings. Our expert-driven performance analysis uncovers savings opportunities on over 350 categories of purchased services.

Seasoned hospital operators and administrators

Our team of more than 550 subject matter experts bring vast work experience — from receiving docks to executive offices at leading health care systems across the nation. We combine process improvement, Lean methodologies and technology and back it all up with unparalleled on-site implementation support.

Get a broad view of operational performance

Make improvements with comprehensive spend visibility provided by analytics built on the largest data set in the health care industry. Our purchased services benchmarks provide visibility into price differences by service level across numerous categories.

Unique contract portfolio of more than 350 categories

Access market-leading purchased services agreements backed by the largest member-driven group purchasing organization in the industry. Our forensic savings analysis identifies contract opportunities and unclaimed funds.

Deep expertise for maximum purchased services savings

Health care organizations know that huge potential savings hide in their purchased services spend, but these costs are not always top of mind when evaluating costs and budgets. Expert analysis is key to future success.

 

Purchased services: an untapped source for savings

Purchased services spend represents as much as 20% to 25% of a hospital's total expenses, but savings opportunities are not always easy to identify. Learn how to overcome strategic, analytic and organizational challenges in this comprehensive report.

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Assessment at UW leads to millions in savings

An integrated health system with more than 1,400 physicians, six hospitals and 80 outpatient sites partnered with Vizient to identify savings opportunities that fit with the culture and circumstances.

Big cost savings with targeted sourcing strategy

A network of hospitals, all with rising freight costs, engaged a Vizient team to evaluate existing practices and facilitate development of a program to meet the needs for all.

Want to know more about category-specific resources and savings opportunities? We can help.