Vizient Strengths, Domain Expertise, and Key Differentiators
Vizient is a health care performance improvement company. Backed by network-powered insights in the critical areas of clinical, operational and supply chain performance, Vizient empowers members to deliver exceptional, cost-effective care at every turn.
The Vizient Office of Public Policy and Government Relations serves as a liaison and partner on policy and legislative issues that affect the diverse health care organizations.
Vizient Recent Developments
To help supply chain professionals efficiently tap into savings opportunities for services, Vizient launched a new purchased services module within its Savings Actualyzer supply analytics platform. The new module enables supply chain managers to view categorized spend, identify opportunities for standardization and see comparative performance data for its purchased services. Later in 2018, Vizient added a pharmacy module to its Savings Actualyzer platform.
In October 2018, the company launched its next generation eCommerce Exchange platform which is integrated with more than 500 of the largest suppliers in healthcare.
Vizient Mergers and Acquisitions (M&A) Activities
In 2016, Vizient completed the acquisition of MedAssets’ Spend and Clinical Resource Management (SCM) segment, including Sg2, from Pamplona Capital Management. The combined organization represents the nation’s top hospitals and health systems, and they have delivered billions in savings to providers over the past two years alone.
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.
Ownership: - x
Number of Employees: 3500
Key Verticals: Healthcare,
Vizient Key Enterprise and Cloud Applications
MedAssets Revenue Cycle Management,
Vizient Revenues, $M:
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|Enterprise Applications Revenues, $M||Subscribe||Subscribe||Subscribe|
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* Enterprise Applications Revenues = License + Support & Maintenance + SaaS
** All revenue figures are estimates based on public records, Cloud and Non-Cloud business models in Apps Run The World's vendor database, and annual survey results including vendor feedback.
Vizient Revenue Breakdown By Type, $M:
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Vizient Enterprise Applications Revenues By Functional Markets, $M:
Vizient Enterprise Applications Revenues By Verticals, $M:
Vizient Revenues By Region, $M
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Vizient Direct vs Indirect sales
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Vizient Customers - Breakdown by Geo, Size, Vertical and Product
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 serves thousands of healthcare organizations across the nation, from independent, community-based organizations to large, integrated systems including acute care hospitals, academic medical centers, non-acute community health care providers and pediatric facilities.
The company had 30 new, renewed or expanded member agreements with health care organizations in the second quarter of 2018, opposite to first quarter when they had 18 agreements. During 2017, they made 86 contracts.
Vizient Market Opportunities, M&A and Geo Expansions
With health care spending in the U.S. now topping $3 trillion, it is more critical than ever for health care providers to have the ability to connect procedure, supply and clinical data for insights.
Procedural Analytics, the newest module in the Vizient Clinical Analytics platform, launched in May 2018, provides insight in near real-time and enables users to tie decisions around cost and utilization with their quality and outcomes.
In July 2020 Vizient released its July 2020 Drug Price Forecast projecting that health systems, including inpatient and non-acute environments, can expect a 3.29% increase for pharmaceutical purchases made from Jan. 1 to Dec. 31, 2021. The increase will be driven by both the ongoing disruption caused by COVID-19 and enduring market trends unrelated to the virus.
Vizient Risks and Challenges
Vizient’ Revenue Cycle Management business is a hotly contested market with hundreds of software and services vendors and its sourcing operations are closely tied to how it complements some of the largest group purchasing organizations such as Novation and Premier.
Furthermore, MedAssets’ straddling both sides - boosting revenues while lowering costs for healthcare providers – could be a real test on how technologies can be implemented to accomplish both goals simultaneously in light of the massive changes under way in the healthcare industry following the adoption of the Affordable Care Act.
Vizient Ecosystem, Partners, Resellers and SI
Vizient has 2200 supplier and distributor agreements. Vizient sales are done mainly via Direct sales force (175+ sales/service representatives).
In August 2018, TPC made agreement with Vizient for comprehensive sourcing, performance improvement and cost management services, including strategic sourcing, utilization management, and clinical and operational consulting, as well as, service line, clinical and supply chain analytics.
Vizient Cloud Infrastructure Insights
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- Vizient Public Cloud and Infrastructure (IaaS)
- Vizient Platform (PaaS)
- Vizient Application Delivery
- Vizient Private Cloud and Data Centers
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).
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