Vizient, Inc. is the largest member-owned healthcare performance improvement company in the United States, serving over 5,000 not-for-profit health system members, including 97% of the nation's academic medical centers.
The company's core offering is a suite of data-driven solutions, expertise, and a robust contract portfolio through its Group Purchasing Organization (GPO), which represents over $100 billion in annual purchasing volume. The software and analytics platform is designed to help healthcare providers improve clinical outcomes, boost operational efficiency, and optimize cost performance by aligning cost, quality, and market performance.
Key Software Solutions & Capabilities:
- Supply Chain Analytics (e.g., Supply Analytics): Provides price visibility, real-time market data, and price benchmarking capabilities to support cost reduction initiatives and strategic sourcing.
- Pharmacy Analytics: Enables analysis of medication usage patterns, identification of cost-saving opportunities, and optimization of pharmacy performance with access to a large portfolio of products and services.
- Item Master Management (DataLYNX): A platform for effective item master management, including compressed ERP descriptions, Global Trade Item Numbers (GTINs), and product attributes to improve data quality and completeness.
- Capital Spend Insights: A web-based platform for planning, procuring, managing, and disposing of capital assets, offering real-time pricing data, benchmarking, and automated quote review.
- Workforce Optimization & Clinical Analytics: Tools to gain insights into clinical expenses, generate custom reports, and conduct procedural analytics to manage service line operations and automate workflows.
The platform integrates seamlessly with other healthcare systems, including ERPs and EHRs, to provide a unified portal for managing clinical, pharmacy, and supply chain data.