Cleaner data, faster decision-making
Forward thinking supply chain professionals understand the connection between item master management and core activities like standardization, value analysis and contract maximization. Vizient DataLYNXTM helps by supporting control of supply spend, ensuring data quality and focusing on data completeness to improve efficiency and reduce cost.
Connected by a mission to improve lives
The combined effects of health care reform, increasing mergers and acquisitions and intense cost pressures are challenging the viability of independent, community hospitals. The 21 member hospitals of the Independent Hospital Network Sourcing Group selected Vizient DataLYNX to respond to these shifting market dynamics.
Managing disparate data sets is a major pain point for supply chain professionals. Vizient DataLYNX resolves this problem by standardizing data from across a health care organization, supplying this information for cost-reduction initiatives and providing the actionable analytics necessary to make informed decisions quickly.
Vizient DataLYNX allows users to:
- See total item spend and negotiate for optimal contract value
- Compare data health to other member organizations for meaningful value analysis discussions with physicians and hospital staff
- Standardize and complete supply chain data to ensure downstream departments and systems operate at peak efficiency
- Maximize revenue by assigning up-to-date Healthcare Common Procedure Coding System (HCPCS) codes within an item master file
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More than $100 billion in supply purchases represented
Database of more than 11 million products, representing more than 3,000+ facilities
Cross references to provide more in benchmarked spend to negotiate leverage with suppliers
Of products have UNSPSC values assigned to them in DataLYNX
Ensure data completeness
Across the Vizient membership our health systems manage 3 million lines of data representing the most commonly purchased items. This data typically does not include rogue purchases or items that are less frequent but may be high value in nature. With DataLYNX you can leverage 11 million lines of data based upon GPO purchases with daily updates to the item master for more complete visibility that is unmatched in breadth, depth and quality for much better analytics and accuracy.
Improve data accuracy
DataLYNX™ takes a technology approach to data management by applying machine learning for data attribution and maintenance. The machine learning application is taught by Vizient subject matter experts with built-in audit processes for compliance.
Gain timely speed to value
Realize speed to value with a 30-day implementation with flexibility in delivery, while competitors’ implementations are normally six to nine months. Rely on the Vizient 89 percent match rate compared to 50 percent for competitive offerings.
Allow Vizient's team of item master experts to clean, manage and maintain your item master file to ensure item master accuracy and completeness while freeing your people to manage higher value initiatives.Contact us to learn more about Item Master Services.
Cutting supply chain costs with the power of clean data
Complete the form below to download the white paper to learn more about how Bryan Health now empowers value analysis team with reliable, standardized data and reimbursement savvy coding to support value-based payments.
Vizient DataLYNX is the nation’s largest and most complete source of health system supply data. Take a demo and learn how this technology can significantly improve your supply chain operational efficiency.