Vizient Savings Actualyzer – Supplies for price benchmarking

Identify cost-savings opportunities

Vizient Savings Actualyzer™ assembles data in one location from multiple sources to allow members to better understand spending, analyze savings opportunities and see results over time. With Savings Actualyzer-Supplies, you get:

Access to the industry’s largest repository of market data for health care supplies pricing in real time
Customized analytics with cost-saving opportunities on medical supplies
Benchmarking that includes complimentary product adviser support

Emerson Hospital achieves big savings with Vizient Savings Actualyzer and strategic programs

Emerson Hospital needed to expand its standardization efforts to provide more value for the organization, but several factors stood in the way. Learn how Emerson used a combination of real-time analytics and strategic programs to overcome the barriers to change and achieve $5.6M in savings.

Download the case study

Optimize the cost of care with new contract analytics capabilities

Our contract analytics capabilities can help you identify more value and provide actionable insights for your sourcing strategy. Includes prior-year rolling 12 months of spend information to help assess and adjust analytics due to abnormal spending patterns as a result of the COVID-19 pandemic. With Contract Optimizer, organizations can easily assess the savings opportunities of future-dated contracts coming available and transition from an expiring contract to a replacement contract.

Contract Management Dashboard

Access key metrics for optimizing contract value with easy navigation and filtering.

Spend analysis by category
New contract penetration metric
Refined savings opportunities
Alerts for contract changes with assessment of financial impact

Contract Optimizer

Attain a comprehensive view of sourcing strategy options and savings opportunities.

New performance tier logic for savings on a qualified tier
Supplier market share insights
Current mix spend and savings opportunities
Conversion spend and savings opportunities on future contracts
Line item detail exports

$ 155 B

More than $155 billion in supply spend data

Price Benchmarking

Calculate price benchmarking opportunities on medical-surgical, clinical preference and medical device items. Compare your organization's last price paid for items against the market and analyze price performance at the vendor, manufacturer, UNSPSC, PSC/contract and item level.

Why Vizient Savings Actualyzer-Supplies?

Meaningful benchmarks
Stringent data scrubbing and requirements translate to benchmarks that can be trusted.

GPO and solution connectivity
Seamless integration with Vizient Catalog and Contract Price Activation. Linkage to other supply and clinical platforms like Procedural Analytics.

Expert analysis and support
Receive customized cost reduction planning from experienced supply chain analytics resources along with regular opportunity reviews that include tailored reporting and analysis.

$155B+
More than $155 billion in supply spend data
3,100+
Purchasing data from more than 3,100 health systems
2,100+
Over 2100 national contracts
725K
Product line items

My Supplies Price Index

The Vizient Savings Actualyzer - Supplies price index compares a health system’s price performance for selected facilities with other organizations and allows the organization to evaluate its performance trend. A low number indicates better performance; higher numbers indicate there is a potential savings opportunity.

Source: Vizient Savings Actualyzer-Supplies

Peer Compare

Compare price performance, market share and utilization with other health care organizations. Focus on specific categories or items and expand your comparison group by annual spend, number of operating beds and adjusted patient days for even greater insight into your performance.

Source: Vizient Savings Actualyzer-Supplies

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