Vizient Named Top-Tier Software Vendor by APPS RUN THE WORLD in the APPS and CLOUD TOP 500 Market Report

Vizient Strengths, Domain Expertise, and Key Differentiators

Vizient provides extensive solutions and services aimed at elevating the delivery of high-value care. With a commitment to aligning cost, quality, and market performance, Vizient serves more than 50% of the nation's acute care providers, including 97% of academic medical centers and over 20% of ambulatory care providers. Through the application of expertise, analytics, and advisory services, coupled with a contract portfolio representing over $110 billion in annual purchasing volume, Vizient strives to enhance patient outcomes and minimize costs.

Vizient Recent Developments

In August 2023, Using Vizient Procedural Analytics, The Ohio State University Wexner Medical Center, under Dr. Stacy Brethauer's leadership, identified cost variations in bariatric procedures. Surgeons optimized techniques, reducing average case costs by 40%, saving $900K without impacting quality metrics. Procedural Analytics played a crucial role in surgeon-led initiatives, highlighting the impact of data-driven strategies on cost efficiency and patient outcomes. Dr. Brethauer emphasized the need for physician leaders in supply chain discussions to enhance culture and achieve cost savings.

In November 2022, Novant Health's system leaders, overseeing 15 medical centers, implemented the Vizient Clinical Data Base (CDB) to assess and benchmark facility performance systematically. Insights from this initiative streamlined onboarding and informed targeted systemwide quality improvements. Leveraging the Vizient Quality & Accountability scorecard, quarterly assessments guided decision-making, aided by a dynamic visual analysis. Weekly CDB dashboard reviews identified care enhancement opportunities and addressed systemwide challenges. Explore top performer traits in the Q&A scorecard whitepaper.

In August 2021, Vizient unveiled a suite of solutions designed to enhance resilience in the healthcare supply chain by promoting transparency and predictability among trading partners. These solutions provide health systems with advanced visibility into supplier manufacturing and distribution sites, thorough tracking of impactful events, and risk management services for critical supplies. Additionally, the offering includes a technology-enabled platform for Vizient members and suppliers, facilitating demand forecasting, real-time inventory availability, and disruption alerts for streamlined end-to-end logistics management.

In its dedication to supporting supply chain professionals, Vizient introduced a purchased services module within the Savings Actualyzer supply analytics platform. This module allows supply chain managers to analyze categorized spending, identify standardization opportunities, and access comparative performance data for purchased services. Furthermore, in 2018, Vizient expanded the Savings Actualyzer platform by incorporating a pharmacy module.

Vizient Mergers and Acquisitions (M&A) Activities

In August 2022, Vizient acquired Safe & Reliable Healthcare to offer a comprehensive high-reliability solution, led by CEO Byron Jobe. The initiative, named Vizient Safe and Reliable Healthcare, focuses on eliminating variation, improving quality, and fostering resilience in organizational culture under the guidance of Marshall Leslie. The integrated approach includes consulting, the SCORETM culture survey, the LENSTM platform, and sustainable improvement infrastructures for enhanced organizational performance.

In April 2021, Vizient successfully acquired Intalere from Intermountain Healthcare, strengthening its leadership in the healthcare supply chain. The move enhances Vizient's ability to meet evolving needs, empowering providers with advanced data and analytics, increasing engagement with smaller facilities, and broadening access to leading practices. Byron Jobe, President, and CEO, underscores the commitment to delivering high-value care through strategic supply chain optimization and expansion in the non-acute care market.

In August 2021, Aya Healthcare acquired Vizient's Contract Labor Management (CLM) business unit and intends to integrate it into Vaya Workforce Solutions (Vaya), a newly formed subsidiary of Aya. Vaya seeks to function as a Vizient-endorsed, vendor-neutral workforce solutions provider, addressing holistic contract labor needs and ensuring responsible fulfillment for Vizient members. The acquisition is slated for completion by the end of September.

Vizient Customers in ARTW Customer Database

Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying Vizient applications and why? And we provide the answers – supported by decades of research – to our clients around the world. Our Customer database has over 100 data fields that detail company usage of Vizient and other enterprise apps by function, customer size, industry, location, implementation status, partner involvement, Line of Business Key Stakeholders and IT decision makers contact details. List of Verified MedAssets Revenue Cycle Management, customers.

Vizient Key Enterprise and Cloud Applications

MedAssets Revenue Cycle Management,

Vizient Revenues, $M:

Vizient Revenue Breakdown By Type, $M:

Vizient Enterprise Applications Revenues By Functional Markets, $M:

Vizient Enterprise Applications Revenues By Verticals, $M:

Vizient Revenues By Region, $M

Vizient Direct vs Indirect sales

Vizient Customers - Breakdown by Geo, Size, Vertical and Product

List of Verified Vizient Customers

No. of Vizient Customers: 5000

No. of Vizient Enterprise Applications Customers: 5000

No. of Vizient Cloud Customers: x

No. of Vizient Cloud Subscribers: x

Vizient delivers services to a network of 4,000 not-for-profit health system members and their affiliates, encompassing 1,360 acute care hospitals. Esteemed customers within this network include Ochsner Health, Solis Mammography, UMass Memorial, and various others.

Vizient Market Opportunities, M&A and Geo Expansions

In light of the U.S. healthcare expenditure surpassing $3 trillion, it is imperative for healthcare providers to seamlessly integrate procedure, supply, and clinical data for actionable insights.

In July 2020, Vizient issued its Drug Price Forecast, anticipating a 3.29% rise in pharmaceutical purchases for health systems, covering inpatient and non-acute settings from January 1 to December 31, 2021. This increase is attributed to the persistent impact of COVID-19 and enduring market trends independent of the virus.

Vizient Risks and Challenges

The Revenue Cycle Management sector, within Vizient's portfolio, is a fiercely competitive market featuring numerous software and service vendors. The strategic alignment of its sourcing operations with prominent group purchasing organizations, including Novation and Premier, underscores the critical role it plays in the market landscape.

Moreover, MedAssets' dual focus on revenue enhancement and cost reduction for healthcare providers presents a significant challenge in deploying technologies that can effectively achieve both objectives. This challenge becomes particularly pertinent amid the substantial transformations occurring in the healthcare industry following the enactment of the Affordable Care Act.

Vizient Ecosystem, Partners, Resellers and SI

In August 2021, E2open and Vizient forged a strategic alliance to expedite the development of a cloud-based, multi-party collaboration platform. This platform aims to provide comprehensive visibility across healthcare providers, distributors, and suppliers, offering insights into forecasting, inventory, transportation, and consumption of goods. Equipped with proactive management alerts, the platform aims to enhance healthcare product availability by addressing disruptions and imbalances. Tailored to the healthcare industry's unique product flows, the healthcare resiliency platform will be accessible to Vizient's diverse membership, encompassing acute care providers, academic medical centers, ambulatory care providers, and healthcare suppliers.

Vizient Cloud Infrastructure Insights

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Research Methodology

Data used in research reports are derived from publicly available documents, continuous surveys of applications vendors, customers, resellers, Independent Software Vendors, systems integrators and other verifiable sources.

Vendor shares and market forecast results are based on a combination of existing databases as well as demand side and supply side research conducted throughout the year with validation from vendors, customers, channel partners and documentations such as earnings releases and 10Q and 10K filings, vertical industry studies, regional and country-level statistics from public and private institutions(i.e. colleges, universities, government agencies and trade associations).

For additional information on our methodologies, here's the link: