SpendMend Receives Expanded Contract Agreement With Vizient, Inc.
SpendMend adds medical device explant tracking and pharmacy pricing assurance to the Vizient contract
GRAND RAPIDS, Mich., July 7, 2020 (Newswire.com) - SpendMend, the leading provider of solutions to optimize the cost-cycle for hospitals and healthcare networks that serves over two-thirds of the nation’s top 50 IDNs, today announced an expanded agreement with Vizient, Inc. to include new services. Vizient is the nation's largest member-driven health care performance improvement company.
Under the expanded contract, Vizient members will have access to contract pricing for SpendMend’s Medical Device Explant Tracking, which tracks explanted medical devices across multiple hospital departments, and Pharmacy Auditing. These solutions drive significant savings to the hospital by ensuring compliance with all favored and negotiated terms for pharmacy-related expenses.
SpendMend already offers its award-winning Recovery Audit software and services to Vizient members at contracted pricing. In 2019 alone, SpendMend drove over $350 million in hard-dollar recoveries to a population of over 2,400 individual hospitals and healthcare facilities across the U.S.
“We admire Vizient’s mission to strengthen the delivery of high-value care for hospitals and healthcare networks,” states, Dan Geelhoed, CEO of SpendMend. “We share a similar mission to help hospitals improve patient care through the delivery of our innovative cost-savings solutions. By adding more of our solutions to the Vizient contract portfolio, we will drive more value to Vizient members."
The expanded solution offering is immediately available to the entire network of Vizient member hospitals and healthcare facilities.
About SpendMend
SpendMend delivers visibility, insights and optimization to the cost-cycle for over 250 healthcare systems. For 27 years, our goal has been to uphold the highest ethical and moral standards while helping hospitals improve patient care through our delivery of innovative cost-savings solutions, insightful transaction analysis and improved visibility across business relationships.
Source: SpendMend
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Tags: ex-plant, Explant, GPO, healthcare, hospitals cost saving, Medical Device, spendmend, Vizient
