This unrivaled capability creates a new category of supply chain analytics that will fundamentally change how health care providers achieve cost savings and supply chain performance improvement.
“In 2008 we launched the industry’s leading price performance benchmarking tool and today we are setting the standard again by closing a major gap in supply chain analytics,” said Ernest “Chip” Bunata, associate vice president, Product Delivery.
“Our research indicates that what hinders the efficiency of the supply chain is a lack of visibility across all savings and contracting opportunities, tracking progress of current initiatives and measuring true savings of those initiatives,” said Bunata. “Vizient Savings Actualyzer gives supply chain managers the unprecedented ability to see savings opportunities based on market competitiveness, GPO contract portfolios and assessment of capital equipment quotes.”
More specifically, Vizient Savings Actualyzer is integrated with the industry’s largest repository of market data. It delivers unmatched visibility and context to empower better decision-making through:
- Market-based pricing: If a better price exists in the market, users will see it with context to understand what might be driving value
- Contract-related insights: Identifies the criteria to unlock the next level of value within the GPO contract portfolio
- Capital quote evaluation: Built-in capital quote assessment helps maximize capital equipment investments
Vizient Savings Actualyzer is the culmination of member feedback and participation in the development of the new platform. “At Vizient, we leverage teamwork and transparency to help us develop and deliver solutions that enable providers to meet their quality and financial goals. This approach enables us to respond to the unique needs of every customer and keeps us ahead of the competition,” said Bunata.
The first public demonstration of Vizient Savings Actualyzer will take place at AHRMM16 Conference and Exhibition, July 31 – August 3 in San Diego, Calif., booth 1101. Click here to download our white paper.
About Vizient, Inc.
Vizient, Inc., the largest member-driven health care performance improvement company in the country, provides innovative data-driven solutions, expertise and collaborative opportunities that lead to improved patient outcomes and lower costs. Vizient serves a diverse membership and customer base which includes academic medical centers, pediatric facilities, community hospitals, integrated health delivery networks and non-acute health care providers and 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. In 2016, Vizient received a World’s Most Ethical Company designation from the Ethisphere Institute. Vizient headquarters is based 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.
Angie Boliver, 972-830-7961