Procure-To-Pay

This Procure-to-Pay solution is a proprietary e-commerce platform that automates many of the time-consuming tasks related to purchase order processing. The platform electronically connects providers with suppliers to enable a quick and simple exchange of supply-chain-related documents. With Vizient eCommerce Exchange, you’ll have direct access to national, local, custom and client business venture contracts. You’ll also benefit from three-way price matching, ensuring that the price on your purchase order matches both the vendor’s price and the contract price, providing real-time verification.

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Vizient Transaction Management services allow our team of analysts to support your purchasing department by using our eCommerce Exchange platform. We help you standardize business practices, spot price discrepancies and resolve pricing issues efficiently. With this Procure-to-Pay solution, health systems can conduct electronic data interchange with any supplier regardless of their size or technical capability and receive confirmations on all purchase orders.

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Vizient Data Management Platform (DMP) enriches and standardizes your item master data by leveraging one of the largest medical product databases in healthcare, encompassing more than 15 million products. DMP continuously monitors the quality of your item master, providing recommendations on items to add or remove based on your historical purchasing usage, while also correcting incomplete or inaccurate item attributes that are in your item file. All information is delivered through a user-friendly interface and supported by a dedicated data management expert.

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Vizient Procurement Services provides discipline and standardization with the highest possible customer service and support to optimize procurement operations.

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Vizient's Audit and Recovery Services helps healthcare organizations recover lost revenue through a 100% pay-for-performance, risk-free model. By leveraging proprietary technology and expert analysis, Vizient identifies overpayments and recovers funds on behalf of their clients, utilizing the purchase order and invoice data already submitted to Vizient. This service enables organizations to maximize savings by identifying invoices paid at incorrect contract prices.

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Vizient's Contract Data Feeds solution simplifies contract management for healthcare organizations by providing a single point of truth for contract data. The solution offers automated data feeds via a streaming process, ensuring up-to-date contract, product, and pricing information that can be integrated with enterprise resource planning (ERP) systems. By leveraging Vizient's Contract Data Feeds, healthcare organizations can optimize contract management, improve pricing accuracy, and reduce complexity.

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