August 26, 2021 – Vizient, Inc. (Irving, TX) announced a new membership agreement with the Children’s Hospital Association (CHA) that expands the scope of services and solutions for their participating hospitals.
Through the new agreement, participating hospitals from CHA will be able to benefit from the Vizient Savings Actualyzer — Supplies, which provides access to the industry’s largest repository of market data for health care supplies, customized analytics and benchmarking opportunities.
CHA will also begin integrating other analytics solutions into their cost management strategies including aptitude, for a simplified contracting approach that drives alignment, reduces costs and improves value, and DataLYNX for item master data and enhanced visibility into supply spend.
The expanded agreement also includes member support and increased advisory expertise in pediatric pharmacy. In partnership with CHA, Vizient will develop a committed program specific to their membership to drive increased value and reduce complexity.
CHA is the national voice of more than 220 children’s hospitals, advancing child health through innovation in the quality, cost and delivery of care. Vizient has provided CHA group purchasing services for supplies and medications since 2012. To date, Vizient has delivered more than $245 million in implementable savings to hospitals that participate in the program. In 2020 alone, CHA’s participating hospitals purchased nearly $3 billion through Vizient’s contracts.