Vizient

Simplifying healthcare administration with intuitive tech tools

Hospital Management

Phrase Health is a healthcare technology company that specializes in clinical process improvement analytics. Founded in 2018, the company spun out technology developed at Children's Hospital of Philadelphia. Phrase Health's core offering is a software platform that provides web-based analytics dashboards and collaboration tools to help healthcare organizations optimize workflows and manage electronic health data. The company's solution enables healthcare providers to better understand clinical processes and electronic interventions such as alerts and order sets. By analyzing data from electronic health records (EHR), Phrase Health's platform allows healthcare systems to identify variations in clinician ordering practices, review order set utilization, and monitor adjustments. This approach helps organizations develop targeted intervention strategies to improve quality of care and reduce costs. The company's customer base includes academic health systems, community health networks, and stand-alone pediatric hospitals.
Key customers and partnerships
In March 2022, Phrase Health entered into a strategic partnership with Vizient, Inc., the largest member-driven healthcare performance improvement company in the US. This collaboration integrated Phrase Health's technology into Vizient's Clinician Decision Analytics offering, enabling Vizient's member healthcare organizations to capture near real-time data from electronic health records and gain insights into clinician ordering practices. The partnership aimed to help healthcare systems quickly identify opportunities to reduce variation, leading to lower costs and improved care. Phrase Health's dashboards were designed to complement Vizient's Clinical Data Base, simplifying complex data analysis processes and helping health systems better understand the reasons behind their quality improvement efforts.

The Center for the Rights of Abused Children serves as a lifeline for abused children by representing them pro gratis in court, improving protections that keep them safe, and reinforcing their constitutional rights through public interest litigation.

Phrase Health help hospitals monitor and analyze the information they provide to doctors and nurses at the point of care.

Panda Health is a marketplace that transforms how health systems discover, procure, and implement digital innovations that make life better for consumers.

RVH Solutions is a healthcare technology solutions provider to hospitals, health systems, academic medical centers, and skilled nursing facilities.

They are the nation’s largest member-owned health care services company. Backed by network-powered insights in the critical areas of clinical, operational and supply chain performance, Vizient™ empowers members to deliver exceptional, cost-effective care at every turn. Together with their members, they are fueling new business models and new approaches to care—all through the power of brilliant connectivity.

Vizient, Inc. is a healthcare performance improvement company that provides data-driven solutions, analytics, and consulting services to enhance the operational and financial performance of healthcare providers. Its core offerings include group purchasing services, spend management analytics, workforce and performance services, and clinical resource management solutions. Vizient's product portfolio is designed to help healthcare organizations reduce costs, improve quality outcomes, and accelerate the transition to value-based care delivery models.

Member-driven healthcare performance improvement

Vizient announces trends for providers to strategize in 2024

Vizient, Inc. Announces New and Expanded Agreements with Health Care Organizations

Vizient Acquires Safe & Reliable Healthcare, Creates New Streamlined Solution for Sustained Delivery of Safe Healthcare

Vizient Submits Recommendation to CMS for Changes to Hospital Star Ratings Methodology

Welcome to Phoenix Health Care Management Services, Inc

Vizient Celebrates Over 1,000 Facility Participants in the Clinical Data Base

Healthcare Group Purchasing Industry Initiative

Simplifying healthcare resourcing with technology

Healthcare Resourcing Platforms

Andor Health Receives Innovative Technology Designation from Vizient for ThinkAndor® AI First Virtual Platform

The Center for the Rights of Abused Children

Toshiba Corporation

Vizient Awards Contract to Toshiba for Printers and Managed Print Services

Phrase Health

LionBird

BioAdvance

Platforms that help healthcare organizations analyze patient data and other performance metrics to improve decision-making and optimize resource allocation

Panda Health

BJC HealthCare

Dartmouth-Hitchcock Medical Center

CitiusTech

UW Health

Yale-New Haven Health System

Bellin Health

Ochsner Health System

RVH Solutions

Vizient, Inc. is a healthcare performance improvement company that provides data-driven solutions, analytics, and consulting services to enhance the operational and financial performance of healthcare providers. Its core offerings include group purchasing services, spend management analytics, workforce and performance services, and clinical resource management solutions. Vizient's product portfolio is designed to help healthcare organizations reduce costs, improve quality outcomes, and accelerate the transition to value-based care delivery models.
Vizient leverages proprietary data repositories, such as the Vizient Clinical Data Base, to provide benchmarking tools, dashboards, and reporting capabilities that enable providers to identify best practices, reduce variations in care delivery, and drive sustainable improvements. The company's expertise spans various areas, including supply chain optimization, pharmacy cost management, ambulatory care strategy, primary care access, and targeted technology adoption.
In August 2022, Vizient acquired Safe & Reliable healthcare, a high reliability services provider, to create the most comprehensive high reliability offering in the industry. This integrated solution, now branded as Vizient Safe and Reliable healthcare, combines consulting, training, culture surveys, and visual management tools to help healthcare organizations enhance workforce engagement, improve quality and safety, and achieve dependable performance across clinical, operational, and financial domains.
Key customers and partnerships
Vizient's diverse membership base includes academic medical centers, pediatric facilities, community hospitals, integrated health delivery networks, and non-acute healthcare providers, representing approximately USD 100 billion in annual purchasing volume. As of August 2022, over 1,050 hospitals, including 97% of the nation's academic medical centers, participated in the Vizient Clinical Data Base.

SnapNurse (now rebranded as SnapCare) is an AI-enabled workforce marketplace that connects healthcare facilities directly with clinicians, including nurses, physicians, and other medical professionals. The company's cloud-based platform streamlines the staffing process, enabling facilities to rapidly source, credential, and onboard qualified healthcare workers within 24-48 hours. This technology-driven approach eliminates the need for traditional staffing agencies, providing significant cost savings of over 15% on core staffing services and potentially exceeding 20% with SnapCare's full suite of offerings.
SnapCare's platform offers a range of services, including permanent placement recruiting, internal float pool management, PRN (pro re nata) staffing, contract local/travel staffing, managed service provider solutions, and talent acquisition services. The company leverages AI and automation to optimize workforce deployment, enabling healthcare facilities to gain visibility into available talent, submit staffing requests, track orders, and access comprehensive workforce analytics.
In October 2023, SnapNurse rebranded as SnapCare, reflecting its commitment to expanding beyond nursing to support a broader range of healthcare clinicians and clients. The rebrand coincided with a nearly 300% increase in technology investments, furthering the development of advanced solutions like predictive staff scheduling optimizations through the strategic acquisition of Medecipher.
SnapCare's disruptive model has gained significant traction, with the company experiencing meteoric growth of 75,000% between March 2020 and March 2021. As of Q1 2021, SnapCare had deployed over 10,000 medical professionals, supported more than 1,000 healthcare facilities, and achieved USD 350 million in revenue through organic growth.

SnapNurse

CareRev is a technology company that has disrupted the healthcare staffing industry by providing a cloud-based platform to connect healthcare facilities with local, pre-qualified nurses, certified nursing assistants (CNAs), medical assistants (MAs), and technicians on demand. The platform enables healthcare organizations to post open shifts, which these professionals can claim instantly through the CareRev mobile app, eliminating the need for traditional staffing agencies.
CareRev's platform streamlines the process of sourcing temporary healthcare staff by automating credentialing, onboarding, and performance monitoring. The company ensures a high-quality talent pool by conducting rigorous vetting processes, including background checks, credential verification, and skill assessments. Facilities can provide real-time feedback on professionals' performance, mark them as "Favorites" for priority access, or flag them as "Do Not Return" if unsatisfied.
CareRev's business model allows healthcare facilities to access a flexible workforce that can rapidly scale up or down based on patient demand. This agile approach enables organizations to optimize staffing levels, reduce reliance on costly travel contracts, and lower overall labor costs. The platform also offers features like "Cascade," which allows organizations to float staff between facilities based on demand.
In addition to serving hospitals and health systems, CareRev supports outpatient centers, skilled nursing facilities, and ambulatory surgery centers across over 32 major metropolitan areas nationwide. As of October 2022, the company had partnerships with over 70 hospitals and health systems and over 540 outpatient centers and skilled nursing facilities. Its network comprises more than 22,000 clinical professionals.

CareRev

Clipboard Health is a healthcare staffing platform that provides an app-based marketplace for matching nurses, nursing assistants, and other healthcare professionals with open shifts at nearby healthcare facilities. The company's app allows healthcare workers to find and book available shifts conveniently, offering flexibility and control over their schedules. For healthcare facilities, the platform addresses staffing challenges by enabling them to fill open shifts as needed, accessing a wider pool of talent.
Clipboard Health's model has seen significant growth, with its gross revenue increasing by a factor of 25 in the 18 months leading up to April 2022. As of that period, the platform served tens of thousands of healthcare professionals and over a thousand facilities across more than 30 US cities, including major metropolitan areas like Los Angeles, Philadelphia, Chicago, and New York. The company aimed to expand its presence to many more cities by the end of 2022.
In February 2022, Clipboard Health secured a USD 30 million Series C funding round led by Sequoia Capital, valuing the company at USD 1.3 billion. This followed a USD 50 million Series B round in 2021 led by IVP. The total funding raised by the company exceeded USD 90 million. These investments were intended to support the company's aggressive hiring plans, including doubling the size of its engineering team and expanding its sales and marketing organizations.

Clipboard Health

Favorite healthcare Staffing is a leading provider of healthcare staffing solutions in the US. The company specializes in offering a comprehensive range of staffing options, including travel nursing, per diem, allied health, non-clinical, and permanent placement opportunities. Favorite healthcare Staffing's services cater to healthcare facilities across the nation, enabling them to access qualified and dependable healthcare professionals to meet their staffing needs.
The company's business model revolves around connecting skilled healthcare talent with employment opportunities at various healthcare providers, such as hospitals, health systems, medical practices, clinics, and other healthcare facilities. Favorite healthcare Staffing prides itself on setting industry standards for quality, service, and integrity within the healthcare staffing sector.
In June 2023, Staffing Industry Analysts, a renowned staffing industry research firm, ranked Favorite healthcare Staffing as the 10th Largest US healthcare Staffing Firm based on its 2022 revenue. Additionally, the company secured impressive positions on other Staffing Industry Analysts lists, including the 8th Largest US Travel Nurse Staffing Firm, the 13th Largest US Per Diem Nurse Staffing Firm, the 13th Largest US Allied healthcare Staffing Firm, and the 17th Fastest-Growing US Staffing Firm.
Key customers and partnerships
Favorite healthcare Staffing has established strong relationships with healthcare facilities nationwide, catering to their diverse staffing needs across various specialties and areas of expertise. The company's client base encompasses top healthcare institutions, medical practices, and healthcare organizations seeking skilled professionals for temporary, contract, or permanent positions.
To streamline the application process for healthcare professionals seeking employment opportunities, Favorite healthcare Staffing has introduced a virtual assistant called "Frankie." This innovative tool guides applicants through the application process, ensuring a hassle-free experience and enabling them to create their profiles efficiently.

Favorite Healthcare Staffing

Aya healthcare is the largest healthcare staffing company in the US. It leverages data-driven technology and digital engagement to operate a managed marketplace that hosts the largest pool of active job seekers for healthcare professionals. Aya's proprietary algorithms enable personalized touchpoints to drive engagement and add transparency, efficiency, and accountability to healthcare systems.
The company's core offerings include travel nursing, allied health staffing, permanent staff hiring, interim leadership, locum tenens staffing, and staffing for non-clinical professionals. In addition to staffing services, Aya provides vendor management, float pool technology, provider recruitment services, and predictive analytics solutions to healthcare organizations.
In November 2023, Aya healthcare acquired Winnow AI, a data science-driven platform that uses artificial intelligence and business intelligence to identify passive physician candidates likely to relocate. The acquisition enables Aya to complement its DocCafe platform, which focuses on active physician job seekers, and offer healthcare organizations comprehensive solutions for both active and passive physician recruitment.
Aya healthcare has established a track record of promoting a positive, welcoming workplace culture for its over 6,000 corporate employees. In September 2022, the company was named to Fortune's list of Best Workplaces in healthcare for the third consecutive year, with 90% of surveyed employees affirming it as a great place to work.

Aya Health

Platforms that connect healthcare organizations with healthcare professionals, such as doctors, nurses, and other clinicians, to fill vacant spots for immediate shifts or temporary assignments

Companies that offer digital platforms automating the procurement process and inventory management of healthcare organizations, including hospitals, clinics, and skilled nursing facilities

Companies that offer integrated workflow solutions for healthcare providers (especially independent practitioners), including online booking, medical billing, and patient management

Companies that offer pharmacy management platforms catering to pharmacies (especially independent pharmacies) to efficiently manage their daily operations. The platforms leverage technologies like AI/ML and are cloud-based

Companies that offer a B2B service to healthcare organizations to train and educate healthcare professionals in specific roles by using various digital means

Offers B2B SaaS platforms that serve healthcare providers and independent practitioners to streamline their businesses

The products/platforms offered by the companies utilize AI/ML in enhancing their offering

All healthcare resourcing solutions are offered via digital platforms that leverage AI/ML or are cloud-based

A new wave of meat, fish, and poultry alternatives are driving this hyper-growth industry into the mainstream

Plant-based Meat

DISRUPTOR_PRESENT

PROMINENT_CATEGORY

<div>
 <ul>
 <li>Seattle-based FoodTech company Rebellyous Foods has partnered with Vizient, a healthcare sector-based group purchasing organization, to expand the distribution of its plant-based chicken products.</li>
 <li>Through this partnership, Rebellious Foods will supply plant-based nuggets, tenders, and patties to Vizient’s extensive network of public healthcare organizations and educational institutes.</li>
 <li>These products are specifically designed to meet the USDA standards for meat substitutes in the National School Lunch Program and are free from cholesterol, antibiotics, and hormones.</li>
 </ul>
</div>

Vizient

Sources

About EDGE

Contact Us

Resources

Area of Focus

Technology Research Made Effortless