Hailey Tran
Vizient Inc. is a healthcare performance improvement company that serves over 5,000 non-profit health system members, including 1,360 acute care hospitals. It offers a range of services, from academic medical centres and pediatric facilities to acute and non-acute community health providers. The company does not own any hospitals but provides insights, analytics, and consulting services to help healthcare organizations improve their performance and overcome challenges. With a history of innovation, Vizient has paved new roads in the healthcare industry for over 40 years, offering solutions, trusted data, and experienced experts.
| Characteristics | Values |
|---|---|
| Year founded | 2016 |
| Type of company | Corporation |
| Location | Irving, Texas |
| Number of employees | 4,000 |
| Number of health system members | 5,000+ |
| Number of acute care hospitals served | 1,360 |
| Percentage of academic medical centers as clients | 97% |
| Percentage of acute care hospitals as clients | 69% |
| Percentage of ambulatory market as clients | 35% |
| Ownership of hospitals or healthcare provider organizations | No |
| Number of board members | 22 |
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What You'll Learn
Vizient's work with academic medical centres
Vizient Inc. is a member-owned healthcare services company based in Irving, Texas, that serves over 5,000 not-for-profit health system members and their affiliates, including 1,360 acute care hospitals. Vizient works with 97% of academic medical centres in the U.S. and over 69% of the country's acute care hospitals.
Vizient works alongside leading healthcare organizations, delivering high-quality care using the latest technology and best practices. The company offers superior access to advanced analytics, collaboration networks, contracting, and industry-leading practices. Vizient also provides insights in critical areas of clinical, operational, and supply chain performance.
Vizient has acquired several companies to further meet the growing needs of its diverse membership and customer base, including academic medical centres. These acquisitions include Safe & Reliable Healthcare, a leading provider of high-reliability services, and Intalere, which enabled Vizient to expand its capabilities in serving academic medical centres, health systems, community hospitals, rural hospitals, and ambulatory care providers.
Additionally, Vizient acquired the healthcare consulting firm Soriant to enhance its Purchased Services solutions and MedAssets' Spend and Clinical Resource Management segment (SCM), strengthening its capabilities in healthcare supply chain procurement, market intelligence, strategic analytics, and comprehensive consulting services.
Vizient recognizes hospitals for their outstanding clinical quality and performance. In 2024, 83 hospitals received Vizient's top clinical quality award, including academic medical centres such as the Mayo Clinic, NYU Langone Health, and the University of Kansas Hospital.
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Vizient's acquisition of Safe & Reliable Healthcare
Vizient Inc., based in Irving, Texas, is a healthcare performance improvement company serving more than 50% of the nation's acute care providers, including 97% of academic medical centres and over 20% of ambulatory care providers. Vizient provides expertise, analytics, and advisory services to its clients.
In August 2021, Vizient initiated a strategic partnership with Safe & Reliable Healthcare, a leading provider of high-reliability services with over a decade of experience in transforming cultures to enhance workforce engagement and accountability. The partnership aimed to launch a High Reliability Organization (HRO) solution, which quickly gained significant interest from members.
On August 1, 2022, Vizient announced the acquisition of Safe & Reliable Healthcare, creating a new streamlined solution for the sustained delivery of safe healthcare. Through this acquisition, Vizient integrated the expertise and offerings of both organizations to establish the most comprehensive high-reliability offering in the industry, known as Vizient Safe and Reliable Healthcare.
The Vizient Safe and Reliable Healthcare solution is grounded in the Framework for High Reliability Healthcare, which provides a roadmap for organizations to achieve their high-reliability aspirations. This framework helps transform cultures by developing leaders and teams, building improvement infrastructures, and driving measurable clinical, operational, and cultural improvements.
The acquisition of Safe & Reliable Healthcare by Vizient advances their ability to provide a comprehensive solution for every phase of care. It enables the integration of capabilities to deliver a seamless high-reliability offering, enhancing their reputation as the partner of choice for transforming healthcare organizations.
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Vizient's history of innovation and industry firsts
Vizient Inc., based in Irving, Texas, 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 was founded in 2016 as a successor to VHA Inc., formerly Voluntary Hospitals of America, a network of non-profit healthcare providers.
VHA was founded in 1977, and together with UHC (University HealthSystem Consortium), founded and owned two ventures. The first was Novation, a supply chain company that quickly became the industry's largest, and the second was Aptitude, the industry's first online market to offer direct contracting between hospitals and suppliers. In 2015, VHA, UHC, and Novation merged to become Vizient, now the country's largest healthcare provider performance consultant company.
Vizient has a history of innovation and industry firsts, including superior access to advanced analytics, collaboration networks, and industry-leading practices. Vizient was the first alliance to venture into private labeling, launching the VHA PLUS® brand, a co-labeling effort with VHA suppliers. Vizient also worked with Abbott-Northwestern Hospital and other Minnesota hospitals to open the first regional office, which became a model for member collaboration and networking.
Additionally, Vizient has acquired multiple companies to extend its capabilities and meet the diverse needs of its membership and customer base. For example, Vizient acquired healthcare consulting firm Soriant to enhance its Purchased Services solutions and Intalere to better serve 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 capabilities in healthcare supply chain procurement, market intelligence, strategic analytics, and comprehensive consulting services.
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Vizient's member networks and their benefits
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. Its member networks are designed to help healthcare leadership teams accelerate their performance improvement journeys.
The three essential components of Vizient's member networks are:
- Data-driven insights: Vizient provides members with access to trusted data, industry trends, and performance improvement strategies. This includes comparative data, analytics, and network-powered insights that help members make better business decisions and improve patient care.
- Collaboration and networking: Vizient connects leaders, experts, and peers across various healthcare organizations, enabling them to learn from each other, collaborate, and build solutions to pressing healthcare challenges. Members can engage in interprofessional connections, virtual discussions, and access subject matter experts through collaboration platforms.
- Leadership development and education: Vizient offers leadership education and performance improvement programs to help organizations access proven improvement frameworks. This includes sharing strategies, best practices, and insights from top-performing healthcare organizations, as well as providing tools and resources to navigate challenges effectively.
By engaging in Vizient's member networks, organizations can benefit from improved performance, cost reduction, and enhanced quality of care. Vizient's diverse membership includes academic medical centers, pediatric facilities, community hospitals, integrated health delivery networks, and non-acute healthcare providers. Members can also access strategic research, advocacy on healthcare policy issues, and core offerings in clinical, operational, and supply chain domains.
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Vizient's role in healthcare performance improvement
Vizient Inc. is a corporation based in Irving, Texas, that serves over 5,000 non-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 non-profit health care organizations working in clinical, financial, and operational management.
Vizient helps clients innovate and accelerate the delivery of high-value care by improving services and adapting resources to meet current market needs. They enhance access, performance, and clinical quality to improve patient outcomes and satisfaction. Vizient's experts use data to inform decision-making, helping clients overcome challenges. They provide data-driven solutions to power top-performing hospitals and health systems in the US.
Additionally, Vizient has acquired companies like Intalere, Safe & Reliable Healthcare, and MedAssets' Spend and Clinical Resource Management segment, extending its capabilities in healthcare consulting, supply chain procurement, market intelligence, and strategic analytics. These acquisitions enable Vizient to better serve its diverse membership and customer base, including academic medical centers, community hospitals, and rural hospitals.
Overall, Vizient plays a crucial role in healthcare performance improvement by providing insights, fostering collaboration, and offering data-driven solutions to help healthcare organizations deliver high-quality, cost-effective care.
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Frequently asked questions
Vizient 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.
No, Vizient does not own any hospitals or other health care provider organizations.
Vizient serves a broad range of health care organizations, from academic medical centres and pediatric facilities to acute and non-acute community health providers.
Vizient's clients make up over 69% of acute care hospitals in the US.
Vizient helps hospitals by offering access to advanced analytics, collaboration networks, contracting, and industry-leading practices.
