August 30, 2021 – Vizient, Inc. (Irving, TX) recognized 294 member healthcare organizations for demonstrating excellence in lowering supply chain costs.
Through the Impact Standardization Program, these hospitals streamlined their purchasing practices in designated product categories, earning rebates and in many cases attaining lower pricing from manufacturers.
Vizient recognized the results of Impact Standardization Program participants in three categories:
- Executive Savings: earned at least $250,000 in rebates through Impact programs
- Participation Leader: participated in and earned rebates in all 13 Impact programs
- Participation Recognition: participated in 12 non-food Impact programs and utilized a Vizient food and nutrition services agreement
Since the Impact program’s inception in 1996, Vizient has delivered over $2.36 billion in rebate value to the hospitals it serves. Vizient says that 100% of these rebates pass directly from the suppliers to participating hospitals. In 2020 alone, participants received $187 million in total cash rebates, Vizient claimed.