“We are excited to have the opportunity to work with Vizient in an aligned service model and strategy,” says Amin Rahme, president and CEO of Surgery Exchange. “Implants are an expensive component of a health care system’s supply budget. Through this partnership, hospitals and health care systems across the country will have the ability to control these costs – with the added value of being able to collect and access real-time, actionable data.”
The Surgery ExchangeTM HIPAA-compliant platform is an industry first, specifically designed to allow a provider to begin the process of taking back control of implant surgeries – including improved workflow efficiencies and vendor contract enforcement before, during and after surgery. The platform is also capable of incorporating a host of powerful solutions including managing and controlling implants, trays and instruments required for the case to further extend its capabilities and enable the provider to take total control of their implant bill-only procedures. This encompasses hospital logistics specific to owned and vendor consigned inventories, as well as trays and instruments.
“Our logistics component ensures that hospital owned and consigned inventories are properly utilized, reducing inventory while eliminating ‘lost’ product charges – which in turn, reduces overall cost, liabilities and exposure,” says Rahme.
“We believe this partnership will make it easier for our health care members to achieve optimal implant spend, ensure contracts are enforced, and collaborate with manufacturers in new ways to deliver the greatest value to the providers we serve,” says Erik Axter, managing principal at Vizient.
Surgery Exchange brings all stakeholders into a collaborative environment, providing the transparency and visibility needed to automate and manage the costly and time consuming activities associated with implant surgeries. The outcome produces measurable cost-savings opportunities while driving improved efficiencies and accountability.
About Surgery Exchange
Headquartered in Atlanta, Ga., Surgery Exchange is a highly-specialized software company whose innovative cloud-based platform is an industry first. The comprehensive HIPAA-compliant software solution is specifically designed to support hospitals with end-to-end planning and case management focused on bill-only implants and surgery workflow. Surgery Exchange brings all stakeholders into a collaborative environment and provides hospitals with the transparency and visibility needed to automate and take back control of the costly and time-consuming activities associated with implant surgeries, producing measurable cost-savings, efficiencies and accountability before, during and after surgery.
Utilizing the cloud-based platform, Surgery Exchange delivers a robust 3-phase program that offers providers the ability to control and manage consignments, optimize logistics and – if desired – move toward a self-distribution model focused on value based outcomes for the entire episode of care. For more information about the implant surgery process and the Surgery Exchange platform, please visit SurgeryExchange.com.
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 more than $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 2017, 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.