IRVING, Texas--(BUSINESS WIRE)--Vizient, Inc. today announced its support for the Stretching Entity Resources for Vulnerable (SERV) Communities Act. This newly proposed legislation would take a number of important steps to protect and preserve the integrity of the 340B Drug Pricing Program, which is essential for safety-net hospitals that provide critical health care services to vulnerable patients and underserved communities.
The SERV Act would clarify the intent of the 340B program and provide for enhanced program integrity. The legislation also takes critical steps to protect hospitals and other covered entities by ensuring that public and private payers are not able to reduce reimbursement based on 340B eligibility. Additionally, the SERV Act would reverse the devastating Medicare cuts currently being assessed on 340B hospitals.
Vizient appreciates this measured approach to support 340B program integrity efforts to ensure this crucial program remains available to safety-net hospitals and other eligible providers.
As the nation’s largest health care performance improvement company, Vizient serve a diverse membership that includes academic medical centers, pediatric facilities, community hospitals, integrated health care delivery networks and non-acute health care providers.
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’s diverse membership base includes academic medical centers, pediatric facilities, community hospitals, integrated health delivery networks and non-acute health care providers and represents approximately $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 MedAssets’ Spend and Clinical Resource Management (SCM) segment, including Sg2, which was acquired in 2016. In 2018, Vizient again received a World’s Most Ethical Company designation from the Ethisphere Institute. Vizient’s 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.