Expense management and revenue growth strategies that strengthen hospital operating margins and improve financial viability
Explore strategies that improve spend management, market growth and cost containment powered by data analytics, consulting expertise and a competitive contracting portfolio.
Aligning sourcing and value analysis teams drives efficiency
One health system’s supply chain services division gained more than $1 million in new value in 6 months after streamlining operations with Vizient.
Ochsner Health accesses critical supplies and medications during the pandemic
Under the leadership of Debbie Simonson, system vice president of pharmacy services, Ochsner Health has built-in resiliency into its supply chain to weather disruptions. Simonson and the Ochsner team had a plan in place for accessing these medications to meet exploding demand.
The academic healthcare system improves quality scores, finances and culture
Leaders at UCI Health reached out to Vizient for help addressing their case mix index. The team provided process changes and education that transformed productivity and led to a more collaborative approach. As a result, the partnership has expanded to address population health, value-based care and improvements to outpatient clinical documentation.
One health system’s case study highlighting the importance of data integrity in optimizing a healthcare system's supply chain. By prioritizing accurate item data, they aimed to enhance efficiency and achieve their mission. Implementing a data management platform provided stakeholders with necessary information for decision-making, leading to improved supply chain management.
A strategic partnership helped Ballad Health increase value
Ballad Health saves $2.4 million in 2 years by collaborating with Vizient experts to manage pharmacy spend. By leveraging Vizient contracts and aggregation groups to standardize spend, the team found creative solutions and exceeded their cost savings goals.
Benchmarking and collaboration help RUSH reduce readmission rates
Rush University System for Health partners with Vizient in its efforts to reduce readmission rates. RUSH uses the Clinical Data Base to measure their performance and participates in the Performance Improvement Stroke Collaborative and High Utilizer Collaborative. During a 12-month period, the collaborative realized 27 fewer readmissions, avoiding an estimated $694,000 of potential costs.
Transforming its supply chain and transitioning suppliers in the pandemic
Lori Lee, senior vice president of clinical operations, took the helm of Yale New Haven Health System's supply chain and began a distributor transition during the height of COVID with Vizient leading the RFP process.
Instilling a value analysis team leads to savings
The academic health system partnered with Vizient met with experts ® to tackle large scale financial improvements, including reducing operational costs, improving patient access, growing service lines and modernizing their IT infrastructure.
Aligning cost and quality strategies systemwide for market growth
Initially each facility maintained services and analytics used to guide goal planning and performance improvement independently. After expanding their use of the Vizient clinical and operational analytics, advisory and group purchasing organization services the health system quickly generated efficiencies and savings.
Using data and repeatable processes to drive savings
Baptist Memorial Health Care partnered with Vizient beyond its original GPO contract to a total performance management agreement. The health system is on track to achieve the goal of $73 million in cost savings and added revenue across workforce, pharmacy, supply chain and purchased services opportunities.
Adoption of a surgeon-led initiative delivers $900k in savings and reduces clinical variation
A surgical team at The Ohio State University Wexner Medical Center used Vizient® Procedural Analytics cohort opportunity data to reduce custom pack usage to improve efficiency and reduce clinical variation.
NYC Health + Hospitals takes a comprehensive approach to support first-year nurses
NYC Health + Hospitals partnered with Vizient to implement residency program addressing high nurse turnover rates. The program aimed to provide the clinical and emotional support from leadership that new nurses needed. By scaling up the program, the health system retained more nurses and reduced turnover rates, resulting in significant cost savings and improved patient care. The success of the program has even attracted nurses from outside to join the system.
It's not easy to modernize an industry that still runs on fax machines. How do you turn yesterday’s supply chain into today’s value driver? See how we’ve helped UMass Memorial to save $23.7 million in just three years.
Speed to value: How Providence accelerated its pharmacy management performance
For Ellie Bahou, senior vice president and chief pharmacy officer at Providence, implementing a systemwide pharmacy network was the path to improving Providence’s operational performance. By aligning pharmacy operations across its 53 inpatient and outpatient facilities, the health system saved $8.5 million on drug spend.
Aligning values and expertise at INTEGRIS Health
At INTEGRIS Health, Vizient experts are embedded within the supply chain team and bring industry-leading resources to the table. As a member of both organizations, the partnership supports the healthcare system’s core pillars of excellence and strategy, starting with the supply chain process groundwork, which created a foundation for quick pivots as the COVID-19 pandemic unfolded.
Solis Mammography transforms their supply chain generating efficiencies and savings
David Pyle, chief operating officer at Solis Mammography, partnered with Vizient to unite the supply chain process and streamline operations across the organization’s nearly 100 sites of care.
Hear from five health systems leaders on the principles that underpin high performance
We brought together CEOs from five health systems to share how they build a first-class culture by focusing on benchmarking, systemness, innovation and health equity.
Read the report on how to harness high performance principles