June 17, 2021 – Vizient Inc. (Irving, TX) announced that Duke University Health System (Durham, NC) and Duke University has joined the company as a member.
The new membership agreement significantly expands the scope of current work with the company to now include full use of Vizient’s contract portfolio and an array of analytics solutions and services in addition to advisory resources aimed at helping them achieve their savings and performance improvement goals.
The agreement includes a robust portfolio of tools and services enabling a tremendous collaboration between Duke and Vizient.
Duke will participate in Vizient’s pharmacy sourcing program and Novaplus private-label program to better manage pharmaceutical costs and medical/surgical supply costs. Duke will also begin integrating several analytics solutions into its cost management strategies including:
- Vizient Savings Actualyzer for supply and pharmacy data insights
- aptitude to streamline and optimize traditional RFP processes commodity supplies
- the DataLynx Data Management Platform to ensure master data purity
- Procedural Analytics to connect procedural supply and clinical data for improved outcomes
Duke will leverage Vizient experts in purchased services, construction, and physician preference items to improve clinical alignment and cost performance across its acute and non-acute facilities.
Additionally, Duke Health will continue to utilize the Vizient Clinical Data Base to engage physicians in utilization and supply choices, Vizient Operational Data Base for comparative operational and financial insights, and Vizient Clinical Practice Solutions Center for building patient-focused and data-driven provider practices. Duke Health will also continue their work with Sg2, a Vizient subsidiary that provides market intelligence and sustainable growth strategies.