A comprehensive Decision Support Solution (DSS) is critical in today's ever-changing economic and regulatory environment. Data-driven decision-making is required to gain clear visibility into critical volume, cost and profitability measures across the continuum of care. Strategic decisions — such as which service lines to grow, whether to consider risk-based payment models, or where operational changes or process improvement can drive savings — all require accurate and reliable cost and profitability analysis.

Confident decision-making supported with data

Vizient offers a level of expertise and innovation backed by more than 30 years of DSS experience. Our track record includes improving the financial health of more than 180 health systems, including more than 4,500 hospitals and 123,000 nonacute care health care providers. 

Decision support solution capabilities

Cost accounting

  • Develop and maintain cost standards
  • Allocate overhead, direct, variable and fixed costs to calculate encounters
  • Run customized modeling scenarios across your entire organization
  • Model episodic and continuum of care costing

Contracting

  • Integrate all aspects of the contract process, including negotiation, contract planning, expected payment calculation, compliance and monitoring
  • Analyze both government and nongovernment payer contracts
  • Conduct robust pricing and reimbursement modeling

Budgeting

  • Set various budget types including operating, flex and job code budgets
  • Monitor financial performance trends through embedded workflow and dashboard reporting functionalities
  • Model impact of key decisions both today and in the future

Analytics

  • Enable enterprisewide visibility into everyday financial, clinical and operational impact with advanced reporting capabilities
  • Customize and schedule the data you wish to see

Connect with us to learn how we can help drive your  supply chain operations transformation.