Vizient Announces New Agreement with TriHealth to Deliver Cost Savings

×

Error message

  • Notice: Undefined property: stdClass::$ds_changed in eval() (line 16 of /var/www/7/modules/php/php.module(80) : eval()'d code).
  • Notice: Undefined property: stdClass::$ss_search_api_url in eval() (line 20 of /var/www/7/modules/php/php.module(80) : eval()'d code).
  • Notice: Undefined property: stdClass::$tm_title in eval() (line 20 of /var/www/7/modules/php/php.module(80) : eval()'d code).

Vizient, Inc. today announced that it has been selected by TriHealth , one of the top integrated health systems in Cincinnati, to deliver solutions in enterprise performance through Vizient’s market-leading contract portfolio and performance improvement resources.

Metadata
Provider: 
Business Wire, Inc.Business Wire, Inc.
Retrieved on: 
Wednesday, May 10, 2023
Information
Tags: 
Data Management, Medical Supplies, Practice Management, Technology, Health, General Health, Healthcare Reform, Health Technology, Health Insurance, Hospitals, Public Policy, Government, TriHealth, CDI, Pharmacy, Vizient, Inc.
Geotags: 
TEXAS, OHIO, UNITED STATES, NORTH AMERICA
⚠ partially generated by AI ↴
Organisation: 
VIZIENT, VIZIENT, INC.
Summary
Key Points: 
  • Vizient, Inc. today announced that it has been selected by TriHealth , one of the top integrated health systems in Cincinnati, to deliver solutions in enterprise performance through Vizient’s market-leading contract portfolio and performance improvement resources.
  • The agreement provides access to Vizient’s contract portfolio for medical devices, pharmacy and supplies as well as advisory resources to support cost and revenue improvement.
  • The agreement also provides enhanced savings opportunities on medical and surgical consumables and physician preference items through group purchasing cooperative Partners Cooperative, which is exclusive to Vizient members.
  • TriHealth will receive support for clinical documentation improvement (CDI) to help ensure coding accuracy that will enhance quality of care reporting and optimize reimbursement.


Vizient, Inc. today announced that it has been selected by TriHealth, one of the top integrated health systems in Cincinnati, to deliver solutions in enterprise performance through Vizient’s market-leading contract portfolio and performance improvement resources. The contract was effective Nov. 1.

“Providers are looking to go beyond the traditional group purchasing approach to find solutions that optimize the total cost of care while maintaining quality outcomes,” said Vizient Chief Customer Officer Rand Ballard. “Vizient services and solutions enhance the financial value of the goods and services providers rely on in caring for patients.”

The agreement provides access to Vizient’s contract portfolio for medical devices, pharmacy and supplies as well as advisory resources to support cost and revenue improvement. The agreement also provides enhanced savings opportunities on medical and surgical consumables and physician preference items through group purchasing cooperative Partners Cooperative, which is exclusive to Vizient members.

TriHealth will receive support for clinical documentation improvement (CDI) to help ensure coding accuracy that will enhance quality of care reporting and optimize reimbursement. Improved documentation benefits providers’ case mix index and evaluation and management reporting by more accurately reflecting the acuity and care complexity of the patient population.

Vizient is the nation’s largest member-driven healthcare performance improvement company.

About Vizient, Inc.

Vizient, Inc., the nation’s largest member-driven healthcare performance improvement company, serves more than 60% of the nation’s acute care providers, which includes 97% of the nation’s academic medical centers, and more than 25% of the non-acute care market. Vizient provides expertise, analytics and advisory services, as well as a contract portfolio that represents more than $130 billion in annual purchasing volume. Vizient’s solutions and services improve the delivery of high-value care by aligning cost, quality and market performance. Headquartered in Irving, Texas, Vizient has offices throughout the United States. Learn more at www.vizientinc.com.

Copyright: 
Copyright Business Wire 2023