all press releases

  • 02/11/19
    IRVING, Texas--(BUSINESS WIRE)--Vizient announces it will create a centralized item master tool for a supply chain innovation program envisioned by the Captis® network of member hospitals and providers. The new solution will begin to establish a virtual, cohesive supply chain capable of sharing timely information among the network’s members, suppliers, and staff. Captis is a collaborative, member-driven and owned aggregation group withmore...
  • 02/06/19
    IRVING, Texas--(BUSINESS WIRE)--Vizient, Inc., joins more than 50 other health care leaders in voicing its strong support for the Creating and Restoring Equal Access to Equivalent Samples (CREATES) Act. The CREATES Act addresses delay tactics used by brand manufacturers to block entry of generic drugs into the marketplace by allowing generic manufacturers to obtain relief for the delay tactics being used to prevent their entry. “more...
  • 01/28/19
    IRVING, Texas--(BUSINESS WIRE)--Vizient, Inc. released today its January 2019 Drug Price Forecast projecting health systems, including inpatient and non-acute environments, can expect a 4.28 percent increase for pharmaceutical purchases made from July 1, 2019 to June 30, 2020. In spite of this trend of continued moderation in anticipated drug pricing inflation, the overall cost of medications combined with other practice issues and regulatorymore...
  • 01/07/19
    IRVING, Texas--(BUSINESS WIRE)--Vizient and Cooperative Services of Florida (CSF) announced today that they have signed a strategic membership agreement. Vizient will serve as the preferred national group purchasing organization (GPO) and strategic cost management partner for CSF and their member health systems. The agreement also includes an aggregation group development strategy and all analytics modules within the Vizient Savings ActualyzerTMmore...
  • 01/03/19
    IRVING, Texas--(BUSINESS WIRE)--Vizient, Inc. is extremely pleased by the recent ruling made by a federal district court judge that the Department of Health and Human Services (HHS) “exceeded its statutory authority” when the agency reduced Medicare payments to hospitals participating in the 340B Drug Pricing Program by nearly 30 percent. Although the Court granted the plaintiffs’ motion for a permanent injunction, it did not reach a decision onmore...
  • 12/04/18
    IRVING, Texas--(BUSINESS WIRE)--In a health care landscape that is constantly changing, making and sustaining quality improvements in patient safety and care can be challenging. Vizient understands these challenges and its experts in safety and quality will be presenting improvement strategies at the IHI National Forum being held Dec. 9-12 in Orlando. In addition to being a sponsor for the event, patient safety and quality improvementmore...
  • 12/03/18
    IRVING, Texas--(BUSINESS WIRE)--In June 2017, Vizient began collaborating with the independent software company MedShorts to develop a first-to-market platform that allows pharmaceutical manufacturers to channel their surplus inventory directly to hospital pharmacies. Since that time, over 300,000 units of medication have been successfully matched and connected to hospital pharmacies with immediate patient needs, at reduced costs, mitigating obsoletemore...
  • 11/20/18
    IRVING, Texas--(BUSINESS WIRE)--Employees from Vizient, Inc. completed 8000 hours of community service hours as part of the company’s 16th annual Community Day event held on Oct. 16. The event included 75 sites, in 42 cities in 19 states. Included in this year’s 75 sites were food banks, city parks and homeless shelters as well as projects serving children and adults with special needs. Volunteers also assisted in Florida with ongoingmore...
  • 11/16/18
    IRVING, Texas--(BUSINESS WIRE)--Vizient, Inc. today announced the winners of its supply chain program awards for participating Children’s Hospital Association (CHA) members. The awards, which recognize the outstanding performance in six categories, were presented at CHA’s Improving Performance Conference, held Oct. 4 in Glendale, Ariz. “Our supply chain program for our CHA members offer benefits beyond cost savings and rebates. Theymore...
  • 11/13/18
    IRVING, Texas--(BUSINESS WIRE)--With pharmaceuticals comprising up to 40 percent of a hospital’s supply spend, and drug price projections predicting a 5-percent increase in 2019 alone, hospital pharmacy teams need analytics to help them better manage spend and identify cost-savings opportunities across their health system. To address this need, Vizient announces it has added a pharmacy module to its Savings Actualyzer platform. “The newmore...