Recognition honors those companies that take the long view with a purpose-based strategy and strive to create positive change throughout their global communities
IRVING, Texas (BUSINESS WIRE), February 25, 2020 - Vizient, Inc., the largest member-driven health care performance improvement company in the U.S., has been recognized by Ethisphere, a global leader in defining and advancing the standards of ethical business practices, as one of the 2020 World’s Most Ethical Companies.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200225005224/en/
Vizient works with member health care organizations to help drive down costs while improving patient quality outcomes by leveraging analytics of market spend and utilization, mining its vast clinical database for performance improvement opportunities and providing insights and expertise that help hospitals achieve their operational goals.
This is the fifth year in a row that Vizient has been recognized and is one of only two honorees in the Business Services industry. In 2020, 132 honorees were recognized spanning 21 countries and 51 industries.
“At Vizient, we have found that by aligning our company’s values and culture with our business strategy, we are better able to serve the needs of our member organizations and the patients they care for,” said Byron Jobe, president and CEO of Vizient. “It’s not only an honor to be recognized once again as one of the World’s Most Ethical Companies by Ethisphere, it’s validation that we are achieving our goals in this important area of performance.”
“Congratulations to everyone at Vizient for earning this recognition,” said Ethisphere’s Chief Executive Officer, Timothy Erblich. “This is a moment to acknowledge the leaders working to advance corporate cultures defined by integrity and affirm those companies contributing to broader societal imperatives and the greater good.”
Methodology & Scoring
Grounded in Ethisphere’s proprietary Ethics Quotient®, the World’s Most Ethical Companies assessment process includes more than 200 questions on culture, environmental and social practices, ethics and compliance activities, governance, diversity and initiatives to support a strong value chain. The process serves as an operating framework to capture and codify the leading practices of organizations across industries and around the globe. Best practices and insights from the 2020 honorees will be released in a report and webcast in March and April of this year.
All companies that participate in the assessment process receive an Analytical Scorecard providing them a holistic assessment of where their programs stand against the demanding standards of leading companies.
The full list of the 2020 World's Most Ethical Companies can be found at https://worldsmostethicalcompanies.com/honorees.
About Vizient, Inc.
Vizient, Inc. provides solutions and services that improve the delivery of high-value care by aligning cost, quality and market performance for more than 50% of the nation’s acute care providers, which includes 95% of the nation’s academic medical centers, and more than 20% of ambulatory providers. Vizient provides expertise, analytics and advisory services, as well as a contract portfolio that represents more than $100 billion in annual purchasing volume, to improve patient outcomes and lower costs. Vizient has earned a World’s Most Ethical Company designation from the Ethisphere Institute every year since its inception. Headquartered in Irving, Texas, Vizient has offices throughout the United States. Learn more at www.vizientinc.com.
About the Ethisphere Institute
The Ethisphere® Institute is the global leader in defining and advancing the standards of ethical business practices that fuel corporate character, marketplace trust and business success. Ethisphere has deep expertise in measuring and defining core ethics standards using data-driven insights that help companies enhance corporate character and measure and improve culture. Ethisphere honors superior achievement through its World’s Most Ethical Companies recognition program and provides a community of industry experts with the Business Ethics Leadership Alliance (BELA). More information about Ethisphere can be found at: https://ethisphere.com.