Press release

Vizient Announces Membership Agreement with The Johns Hopkins Health System Corporation

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Vizient
today announced that The
Johns Hopkins Health System Corporation
has joined Vizient as a
member with the goal of aligning and accelerating cost and quality
performance.

As part of this new agreement, The Johns Hopkins Health System
Corporation will join Vizient’s group purchasing organization with the
expectation of a decrease in its current supply costs. They have the
opportunity to join Vizient’s pharmacy program, including the company’s
Novaplus private label program, to reduce pharmacy expenses and minimize
the impact of drug shortages on their enterprise. Lastly, they will be
deploying Vizient’s Clinical Database (CDB) and Operational Database
analytics, across all their hospitals with the goal of aligning cost and
quality decisions, engaging physicians in utilization and supply choices
and improving outcomes.

“We are excited to welcome Johns Hopkins Medicine to Vizient and begin
working with them on meeting their goal of driving near term and
sustainable cost savings as well as improving the quality of care for
the patients they serve,” said Byron
Jobe
, president and chief executive officer for Vizient. “We look
forward to supporting one of the national leaders in health care.”

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
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 MedAssets’ Spend and Clinical Resource Management (SCM)
segment, including Sg2, which was acquired in 2016. In 2019, 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.