In a year that saw Vizient, Inc. (“Vizient”) announce a new brand identity, complete a merger combining VHA Inc., University HealthSystem Consortium and Novation and acquire MedAssets’ Spend and Clinical Resource Management (SCM) segment and Sg2, Vizient continues to keep its focus squarely on the needs of its health care members.
“The needs of our members drive everything we do,” said Curt Nonomaque, Vizient president and chief executive officer. “Today’s health care providers are facing enormous pressures, and we are committed to helping them accelerate their performance. The growth we experienced this year is part of our commitment to be indispensable partners to our members, and to move nimbly to meet their emerging needs in a time of great change.”
Vizient has made enormous progress integrating its services with MedAssets’ SCM and Sg2 businesses. The following examples highlight the value delivered to members through this integration:
- Sourcing services – As of December 9, Vizient has achieved a documented $1.4 billion in annual cost savings to members through enhanced contract value in the combined sourcing portfolio, and these savings grow every week.
- Analytics services – In 2016, Vizient launched Vizient Savings Actualyzer, a platform and workflow application that integrates supply chain data to easily and immediately identify and prioritize savings opportunities, and also launched Ediom, a joint venture that uses a proprietary cognitive computing platform to provide software and analytic solutions.
- Advisory services – Through the third quarter, Vizient delivered more than $115 million in bottom line savings to members, and it introduced a newly enhanced Safety Net Provider initiative aimed at directly supporting the unique needs of those providers serving vulnerable patient populations.
- Collaboration services – Finally, Vizient hosted more than 2,500 attendees at its Fall Clinical Connections Summit where it highlighted its combined capabilities through more than 80 educational sessions, hosted an Innovative Technology Exchange and provided numerous opportunities for members, suppliers and staff to network.
“Today’s health care environment demands that we all have the courage to evolve and grow,” says Nonomaque. “Our 2016 was all about growing and evolving to deliver the highest quality services to our members. We are honored to bring the nation’s most prestigious health care organizations together to learn, improve and build. And now we look forward to working hand-in-hand with our members to drive transformative change in health care.”
Vizient represents more than 50 percent of the nation’s acute care providers and more than 20 percent of the ambulatory market. Vizient has provided billions in savings to providers over the past two years alone.
About Vizient, Inc.
Vizient, Inc., the largest member-owned health care company in the country, is dedicated to serving members and customers through innovative data-driven solutions, expertise and collaborative opportunities that lead to improved patient outcomes and lower costs. Vizient’s diverse membership and customer base includes academic medical centers, pediatric facilities, community hospitals, integrated health delivery networks and non-acute health care providers, and combined this represents almost $100 billion in annual purchasing volume. The Vizient brand identity represents the integration of VHA Inc., University HealthSystem Consortium and Novation, which combined in 2015, as well as the recently acquired MedAssets’ Spend and Clinical Resource Management (SCM) segment, which includes Sg2. Headquarters are in Irving, Texas, with locations in Chicago and other cities across the United States. Please visit www.vizientinc.com as well as our newsroom, blog, Twitter, LinkedIn and YouTube pages for more information about the company.