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Vizient Launches Next Generation eCommerce Exchange Platform

October 9, 2018

IRVING, Texas--(BUSINESS WIRE)--Oct 9, 2018--Vizient today announced that it has launched its next generation eCommerce Exchange platform which is integrated with more than 500 of the largest suppliers in healthcare. Through the new intuitive platform, providers will be able to lower their operating costs and streamline operations with suppliers by automating many common supply-chain transactions such as the purchase order, purchase order acknowledgement, and invoices.

“This new release marks another milestone in our 20 year history of providing eCommerce services. The enhanced eCommerce Exchange platform is integrated with the Vizient product master and contract catalog and offers users an industry exclusive—real-time price verification of eCommerce transactions,” said Bejan Shamsy, senior vice president procure-to-pay solutions for Vizient. “As provider purchase orders cross our exchange, the price and corresponding supplier acknowledgement price is validated against their current Vizient GPO contract price in real-time, to verify a perfect 3-way price match occurred, and give them confidence they paid the correct price.”

The platform’s new functionality also enables users to customize the tool by uploading local, custom and aggregation contracts. Supply chain leaders no longer need to incur additional expense investing in disparate third party tools that attempt to validate pricing using periodic contract data feeds or static price files. The integrated platform enables:

Automation of purchasing tasks Greater visibility into purchasing operations Automation of invoices Increased accuracy on purchase orders, confirmations and invoices

“Our goal is to continue improving health care eCommerce by offering the latest technology, supported by the highest level of service, which is tightly integrated with the GPO contract portfolio,” said Shamsy. “In addition, the new eCommerce Exchange platform is available to health systems that may not be Vizient GPO members, allowing any health system, regardless of GPO affiliation, to transact business through our exchange.”

Click here to watch a short video about the Vizient eCommerce Exchange or visit our web page: https://www.vizientinc.com/Our-solutions/Supply-Chain-Solutions/Procure-to-Pay

About Vizient, Inc.

Vizient, Inc., the largest member-driven health care performance improvement company in the country, provides innovative data-driven solutions, expertise and collaborative opportunities that lead to improved patient outcomes and lower costs. Vizient’s diverse membership and customer base includes academic medical centers, pediatric facilities, community hospitals, integrated health delivery networks and non-acute health care providers and represents approximately $100 billion in annual purchasing volume. The Vizient brand identity represents the integration of VHA Inc., University HealthSystem Consortium and Novation, which combined in 2015, as well as the recently acquired MedAssets’ Spend and Clinical Resource Management (SCM) segment, which includes Sg2. In 2018, Vizient again received a World’s Most Ethical Company designation from the Ethisphere Institute. Vizient’s headquarters are in Irving, Texas, with locations in Chicago and other cities across the United States. Please visit www.vizientinc.com as well as our newsroom, blog, Twitter, LinkedIn and YouTube pages for more information about the company.

View source version on businesswire.com:https://www.businesswire.com/news/home/20181009005842/en/

CONTACT: Vizient, Inc.

Angie Boliver, 972-830-7961

angie.boliver@vizientinc.com

KEYWORD: UNITED STATES NORTH AMERICA TEXAS

INDUSTRY KEYWORD: TECHNOLOGY DATA MANAGEMENT SOFTWARE PRACTICE MANAGEMENT HEALTH HOSPITALS MEDICAL SUPPLIES

SOURCE: Vizient, Inc.

Copyright Business Wire 2018.

PUB: 10/09/2018 11:20 AM/DISC: 10/09/2018 11:20 AM

http://www.businesswire.com/news/home/20181009005842/en

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