Accomplishing reduced clinical variation leads to better patient care
Vizient, Inc. announces the recognition of 269 member health care organizations for demonstrating excellence in lowering costs in the supply chain. 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. The list of recognized members may be viewed here.
Since the Impact program’s inception in 1996, Vizient has delivered over $2.16 billion in rebate value to the hospitals it serves. One hundred percent of these rebates pass directly from the suppliers to participating hospitals. In 2019 alone, participants received $182 million in total cash rebates.
“Vizient’s Impact Standardization Program is a valuable tool to help our member organizations reduce supply costs while not compromising clinicians’ ability to access high quality products,” said Ashur Novick, senior director, program services for Vizient. “In fact, the primary