Improve spend management and build supply chain assurance

Optimize spend systemwide across supplies, services and capital with solutions that enhance spend visibility and expense management expertise

Introduction

Increasing supply chain assurance through data, access and advocacy

Supply chain assurance for uninterrupted, high-quality patient care is essential in today’s global market. Vizient brings together suppliers and members to improve data and supply visibility and expand inventory access. We reinforce your needs to critical industry and government groups – advocating for positive change.

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Additional units of personal protective equipment in the supply chain by Vizient

How we can help

Solutions to maximize spend systemwide and build supply assurance within

Gain savings and value in procuring purchased services

We work with members to uncover savings, build purchasing transparency and improve operational efficiency in purchased services procurement. We bring deep expertise across indirect spend categories so members experience far-reaching, sustainable results.

Our expert-driven performance analysis uncovers savings opportunities on more than 350 categories of purchased services. We provide exceptional value through experienced contracting and outsourcing, and specialized guidance and strategic management for hospitals and health systems — you’ll experience delivery of rapid, sustainable savings.

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Ensure patient care continuity with our specialized staffing solution. Vaya is a Vizient preferred workforce solution to help you accelerate and improve execution of staffing needs.

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When the unexpected happens, you want the right coverage and counsel to protect your organization. Our comprehensive portfolio includes property and casualty, featuring an open broker model, contract value-adds and risk assessment services. Through our scale we negotiate low and stable rates and offer solutions to help mitigate risk to your health system.

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Access savings on benefits you want to provide your employees. Our portfolio includes dental, vision, life and disability, medical stop-loss, pharmacy benefit manager consulting and more. Members experience low, stable rates and realize 5% to 25% in savings based on the insurance product.

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Data analysis allows us to quickly focus on where the opportunities are for savings of 25 to 30%.

Blaine Douglas

Advisory Solutions Managing Principal, Vizient

Improve cost in key medical-surgical supply categories

Access exceptional value on supplies used every day through our supplier agreements and purchasing programs. Optimize your spend using our committed programs that maximize your purchasing volume to enable richer savings.

Vizient Supply Analytics assembles healthcare data in one location from multiple sources to provide members better insights into their spend, analyze savings opportunities and see results over time. You have access to:

  • Real-time repository of market data for supplies pricing
  • Customized analytics with supply cost-saving opportunities
  • Benchmarking that includes complimentary product adviser support

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Improve procurement processes on commonly purchased products and financially reward standardization efforts while reducing product variation. Gain additional value beyond price through: 12 Impact programs, Achieve Committed Program, Preferred Pediatric Program, Novaplus® private-label items, Innovative Technology Program, Supplier Diversity Program, Environmentally Preferred Sourcing Program and Group Buys.

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Our aggregation groups are shared business ventures that accelerate return on investment through the power of scale. Members are enabled to drive value together through shared ownership models and connect with like-minded members to achieve strategic goals, from cutting costs to improving patient care.

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We offer an easy, comprehensive way to fully assess your non-acute supply chain continuum, manage your non-acute supply chain spend, standardize purchasing and implement the most effective savings opportunities for your organization.

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The supplies module shows us opportunities …. we reduced our med-surg spend $3 - 4 million annually.

Charles Miceli

Chief Supply Chain Officer, University of Vermont Health Network

Increase PPI savings and satisfaction

Together, supply chain and clinicians can work to manage costs while retaining supply quality. Vizient offers flexible models for physician preference item (PPI) purchasing, including analytics for data-driven decisions – plus a variety of aggregation, local and national contracting solutions, price benchmarks and custom contracting services.

Achieve clinical alignment while reducing costs for clinical preference items by fostering collaborative discussions between supply chain leaders, clinicians and strategic supply partners. Our solution combines category expertise, data insights and technology to advance productive conversations and improve clinical supply chain performance.

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Combine your procedural supply and clinical data to help your organization understand the drivers of your supply costs, utilization and quality of care. You can view the data by physician, facility, procedure or supply category. Leading organizations use this data as the foundation for their clinical supply integration projects.

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A successful clinical supply integration strategy reduces supply variation and lower costs while improving patient experience and outcomes. Vizient has the expertise and solutions that provide the insights you need to sustain your clinical supply integration program.

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Vizient works with you, they set targets that consider your unique situation. They deliver the value.

Leslie Flick

Executive Director, Health Future LLC

Maximize capital spend

Members want the most from high-dollar capital purchases, including facilities and construction. Maximize your spend for greater value when you build with our expertise in planning and sourcing.

Leverage our expertise for your capital master planning and procurement, including design, construction, plan activation and asset management.

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Savings across several categories

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from elevators and roofing to electrical and plumbing for a member in the Southwest

Access value and best price for your pharmacy

With pharmacy representing as much as 20% of a hospital’s budget, Vizient offers a pharmacy program with the best value, product availability and clinical support, along with analytics tools to optimize pharmacy performance.

We offer a value-rich pharmacy portfolio, including more than 12,000 products and services plus actionable analytics to reveal a path to better utilization and cost improvements. Leverage our expert resources and elevate your performance.

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This analytic platform provides your organization greater spend visibility, serving as your primary source for high-quality analytics and insights across more than 12,000 products and services. Gain views into pricing and market pricing at the category, item, supplier and market share levels.

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This program delivers additional inventory of essential medications and products, including personal protective equipment, critical to your clinicians' ability to provide immediate and high-quality patient care. Further, our innovative contracting model helps providers and suppliers work together to increase supply assurance.

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Bolster supply chain efficiency and build supply assurance

Reduce the impact of demand surges and supply shortages with resiliency planning that includes data, visibility and performance measures ― and leads to improved operations and sustainability.

In today’s changing global market, healthcare providers need confidence that critical supplies and essential medications are accessible. Vizient brings together suppliers, distributors and members to improve data, increase supply visibility and expand inventory access. Find resources and see how you can engage in collaborative work that builds supply assurance for all.

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This program delivers additional inventory of essential medications and products, including personal protective equipment, critical to your clinicians' ability to provide immediate and high-quality patient care. Further, our innovative contracting model helps providers and suppliers work together to increase supply assurance.

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Optimizing your supply chain operations drives efficiencies and helps avoid preventable internal disruptions. We can help you identify areas for improvement and solutions to get results.

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We’re modifying contracting strategies to reflect global market changes and ongoing member benefits.

Cristina Indiveri

Program Services Senior Director, Vizient

What we can do for youTalk to our team of experts

Introducing Vizient Viewpoints!

We are at your side to help you elevate your performance. Tap into our data insights and expertise to inform your supply chain and performance improvement decisions and stay ahead of industry changes.

Visit Viewpoints for the latest insights and data

Vizient supply chain summary

  • >$208B

    Annual supply and pharmacy spend data Vizient oversees

  • 1,400+

    Suppliers Vizient works with to deliver supply chain value

  • 200+

    Sourcing experts leading our agreements with suppliers

  • $275B

    Annual purchased services spend data Vizient manages

  • ~715K

    Product line items on contract

  • 90%

    Average fill rate for Novaplus Enhanced Supply pharmacy products