News Roundup

  • Unsubstantiated drug price hikes cost $1.67B last year. Humira is projected to be the primary driver of drug spending in 2022, according to Vizient's market outlook. "Increasing drug costs are a key driver in the rising cost of providing care. We agree it is a problem that prices for drugs continue to increase without new evidence of increasing benefit for the existing drugs and/or any new formulations," said Steven Lucio, senior principal of pharmacy solutions at the group purchasing organization Vizient. More via Modern Healthcare
  • Vizient announced the formation of a new alliance to end drug shortages in the U.S. The “End Drug Shortages Alliance” will provide a forum for key stakeholders across the industry to take strategic aim at one of the health care industry’s most pressing and enduring issues. More via Journal of Healthcare Contracting
  • Kaufman Hall and Vizient announce investment and form strategic collaboration whereby Vizient will make a strategic, minority investment in Kaufman Hall. Read more via Vizient Newsroom
  • Hospital at Home, a trademarked name of Johns Hopkins Medicine, has been in practice in that health system's hospitals since at least 2002. The concept is not new, but, like telehealth, at-home hospital-level services became a necessity for all health systems when acute-care beds filled during the first surge of the COVID-19 pandemic. "A lot of hospitals were at capacity," said Mark Larson, principal of Sg2, a Vizient subsidiary. Read more via Healthcare Finance News
  • Vizient recently announced that its Novaplus Enhanced Supply Program has brought 100 million additional units of inventory of essential medications to the supply chain, many used to treat life-threatening illnesses. The increase in inventory comes after the program was launched in 2020 and protects against shortages for these essential medications should a supply chain disruption occur. More via Vizient Newsroom
  • “Vizient applauds Sens. Young and Stabenow for their leadership in introducing the Social Determinants Accelerator Act. Hospitals and health systems serve their communities and support patients by providing a whole-person approach to care. The legislation will catalyze needed cross-sector, data-driven community approaches to addressing social determinants,” said Shoshana Krilow, SVP Public Policy & Government Relations, Vizient. Read more via Insurance Net News
  • Vizient announced a strategic partnership with Surgery Exchange LLC to enable greater access to a cloud-based solution that addresses a persistent surgical process challenge for hospitals and surgery centers: efficient surgery planning and case management. This collaboration creates both clinical and operational efficiency by eliminating manual ordering, tracking, and billing of implant “bill only” cases by streamlining the surgery workflow. More via Healthcare Business News

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Published: December 14, 2021