Vizient Launches Next Generation eCommerce Exchange
Growing trends in group healthcare group purchasing/procurement include hospitals and health systems creating new supply chain management organizations and new market entrants developing procurement platforms to make purchasing of healthcare and pharmaceutical products easier and more cost-efficient.
Vizient, Inc., the largest member-driven health care performance improvement company in the country, provides innovative data-driven solutions, expertise and collaborative opportunities that lead to improved patient outcomes and lower costs.
Vizient’s diverse membership and customer base includes academic medical centers, pediatric facilities, community hospitals, integrated health delivery networks and non-acute health care providers and represents almost $100 billion in annual purchasing volume.
Vizient offers the industry’s most comprehensive supply chain programs and delivers unmatched savings through its supply chain programs. The sourcing and contracting portfolio represents nearly 90 percent of the products and services its members purchase – made up of more than 2,200 supplier and distributor agreements.
Vizient, to grow upon its market-leading position, announced that it has launched its next generation eComerce Exchange platform which is integrated with more than 500 of the largest suppliers in healthcare. Through the new intuitive platform, providers will be able to lower their operating costs and streamline operations with suppliers by automating many common supply-chain transactions such as the purchase order, purchase order acknowledgement, and invoices.
The platform’s new functionality also enables users to customize the tool by uploading local, custom and aggregation contracts. Supply chain leaders no longer need to incur additional expense investing in disparate third party tools that attempt to validate pricing using periodic contract data feeds or static price files. The integrated platform enables:
- Automation of purchasing tasks
- Greater visibility into purchasing operations
- Automation of invoices
- Increased accuracy on purchase orders, confirmations and invoices