Vizient's Membership: Non-Profit Or For-Profit Hospitals?

Vizient Inc. is a healthcare consulting firm that serves over 5,000 not-for-profit health system members and their affiliates, including 1,360 acute care hospitals. Vizient does not own any hospitals or healthcare provider organizations but offers analytics, expertise, and advisory services to a broad range of healthcare organizations. Vizient's members include healthcare providers operating in virtually every healthcare sub-industry, including academic medical centres, pediatric facilities, community hospitals, and non-acute healthcare providers.

Vizient's diverse membership

Vizient Inc., based in Irving, Texas, is a corporation that serves over 5,000 not-for-profit health system members and their affiliates, including 1,360 acute care hospitals. Its diverse membership includes academic medical centers, pediatric facilities, community hospitals, integrated health delivery networks, and non-acute health care providers.

Vizient brings members together to learn from the collective knowledge and insights of peers, helping them improve faster than they could on their own. Vizient's long-standing supplier and distributor relationships help members reduce the cost of care while amplifying results. Vizient's diverse membership has a combined purchasing volume of approximately $100 billion annually.

Vizient's members include not-for-profit health care organizations of all types and sizes. These members are interested in learning from trusted experts, accelerating performance, and improving care. Vizient does not own any hospitals or other healthcare provider organizations.

Vizient supports programs that help maximize opportunity, cultivate collaboration, and offer mentoring and enrichment for diverse suppliers and small businesses. Their Supplier Diversity Program supports the development of minority-, woman-, disability-, LGBT-, and veteran-owned business enterprises that meet high-quality standards. Vizient also strives to work with suppliers who proactively seek strategic partnerships with diverse companies.

Vizient's history

Vizient Inc. is a corporation based in Irving, Texas, that serves over 5,000 not-for-profit health system members and their affiliates, including 1,360 acute care hospitals. With roots in VHA Inc., founded in 1977, Vizient was established in 2016 following a merger between VHA and UHC (University HealthSystem Consortium).

VHA Inc. was a network of not-for-profit health care organizations working in clinical, financial, and operational management. In 1994, it changed its name from Voluntary Hospitals of America to VHA, retaining name recognition while moving beyond the outdated and often-misunderstood concepts of "voluntary" and "hospitals". VHA and UHC jointly owned Novation, a supply chain company, and aptitude(R), the industry's first online direct market for local contracting. Additionally, VHA owned Provista, a supply chain company serving the non-acute market and other sectors like government, education, and business.

On April 1, 2015, VHA and UHC merged to form Vizient, becoming the largest member-owned healthcare company in the nation. The combined organization officially adopted the Vizient brand in 2016, providing services to nearly 30% of U.S. hospitals, including almost all academic medical centers and health systems. The merger brought together proven strengths in group purchasing, data and analytics, performance improvement, strategic insight, and consulting services.

Since its formation, Vizient has continued to expand its capabilities and services through strategic acquisitions. It acquired healthcare consulting firms like Intalere and Soriant, enabling the organization to better meet the diverse needs of its membership and customer base, which includes academic medical centers, health systems, community hospitals, rural hospitals, and ambulatory care providers. Vizient also acquired MedAssets' Spend and Clinical Resource Management segment, strengthening its core capabilities in healthcare supply chain procurement, market intelligence, strategic analytics, and comprehensive consulting services.

Vizient's services

Vizient Inc. is a healthcare performance improvement company that serves over 5,000 not-for-profit health system members and their affiliates, including 1,360 acute care hospitals. The company is committed to supporting healthcare providers in delivering exceptional care in their communities.

Vizient provides expertise, analytics, and advisory services to its clients, who make up 97% of academic medical centers in the US, more than 69% of acute care hospitals, and over 35% of the ambulatory market. The company's services include access to advanced analytics, collaboration networks, contracting, and industry-leading practices.

Vizient's data-enabled services and expertise help healthcare organizations improve in critical areas such as cost, quality, and market performance. For example, Vizient's patent-pending Vizient Vulnerability Index™ was used to analyze chronic kidney disease and end-stage renal disease rates, uncovering disparities in high-need communities.

Additionally, Vizient offers advisory services in key areas such as revenue and cost, advanced clinical quality, operational analytics, corporate finance, partnerships, mergers and acquisitions, access to capital, and balance sheet management. The company also provides spend management tools and access to operational and clinical analytics to help healthcare organizations improve efficiency and quality.

Vizient's acquisitions

Vizient Inc., based in Irving, Texas, is a corporation that serves over 5,000 not-for-profit health system members. Vizient does not own any hospitals or other healthcare provider organizations.

Vizient has completed a total of 6 acquisitions, all in the United States. Most of these acquisitions are in Healthcare IT and Services for Healthcare Providers.

• Kaufman Hall: In June 2024, Vizient announced its plan to acquire the remaining interest in Kaufman Hall, a strategic advisor to the healthcare industry. The acquisition was completed on August 1, 2024, bringing together two trusted advisors focused on helping healthcare organizations deliver high-quality patient care.
• Syntellis Performance Solutions: Acquired in August 2024, Syntellis is a provider of wealth management services, founded in 1985 and located in Chicago.

Other acquisitions mentioned include an agreement with Greenly, a supplier partnership with Praia Health, and a collaboration with EquipX to optimize healthcare equipment fleet management.

Vizient's career opportunities

Vizient, headquartered in Irving, Texas, is a corporation serving over 5,000 not-for-profit health system members and their affiliates, including 1,360 acute care hospitals. It was founded in 2016 as the successor company to VHA, Inc., a network of not-for-profit health care organizations working in clinical, financial, and operational management. Vizient has consistently been recognised as one of the best places to work, earning accolades such as the World's Most Ethical Company designation from the Ethisphere Institute and ranking highly in Modern Healthcare magazine's industry survey.

The company culture at Vizient is centred around making a difference in the dynamic healthcare industry. With a team of 3,100 to 4,000 employees, Vizient values diverse backgrounds and unique perspectives, fostering an inclusive environment that encourages personal and professional development. The organisation's mission is to empower healthcare organisations and providers with the knowledge, solutions, and expertise needed to enhance their clinical and operational performance.

Vizient offers a range of career opportunities for individuals seeking to drive meaningful impact in healthcare. The company emphasises collaboration, data-driven decision-making, and innovation in its work. Vizient's scope includes serving a broad range of healthcare organisations, from academic medical centres and pediatric facilities to acute and non-acute community health providers.

Working at Vizient provides employees with the chance to contribute to transforming healthcare supply chains and improving hospital performance. The organisation's extensive reach and impact in the healthcare industry offer professionals a platform to apply their expertise and experience to advance healthcare for the greater good.

Vizient's commitment to attracting, developing, and retaining high-performing talent is evident through its recognition as a Fortune 100 Best Companies to Work For in multiple years. The company prioritises creating a culture of belonging where employees with diverse skill sets and backgrounds can thrive and contribute to Vizient's shared vision of improving healthcare performance.

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