Vizient launches Capital Spend Insights to simplify and optimize capital equipment purchasing

IRVING, Texas, Nov. 18, 2024 — Vizient, Inc. announces the launch of Capital Spend Insights, an online tool to help providers optimize their capital spend. The new platform, which simplifies capital equipment procurement, is the latest addition to Vizient’s suite of capital equipment solutions that help providers navigate the total cost of capital ownership from equipment planning to procurement and asset management.

“Capital equipment procurement is a complex, labor-intensive process,” said Rebecca Gayden, vice president and general manager of capital equipment solutions, Vizient. “Capital Spend Insights guides decision makers in finding the right value for new purchases as well as enhances the efficiency of that decision-making process.”

Capital Spend Insights automates manufacturer quote submission to streamline product evaluation, increase efficiencies and help healthcare organizations reduce their capital spend. The new tool has an intuitive user interface and offers:

• Real-time pricing data.
• Advanced benchmarking to provide strategic insights for informed decision-making.
• Contract compliance via seamless integration of Vizient agreements.
• Procurement performance measurement with intuitive visuals and detailed reports for quote evaluation.

“Efficiently managing capital equipment spend is crucial in today’s market,” said Gayden. “Capital Spend Insights provides the visibility healthcare organizations need to overcome the challenges and complexities of quote management and spend analytics.”

To learn more or schedule a demonstration, visit Vizient Capital Spend Insights.

About Vizient, Inc.
Vizient, Inc., the nation’s largest provider-driven healthcare performance improvement company, serves more than 65% of the nation’s acute care providers, including 97% of the nation’s academic medical centers, and more than 35% of the non-acute market. The Vizient contract portfolio represents $140 billion in annual purchasing volume enabling the delivery of cost-effective, high-value care. With its acquisition of Kaufman Hall in 2024, Vizient expanded its advisory services to help providers achieve financial, strategic, clinical and operational excellence. Headquartered in Irving, Texas, Vizient has offices throughout the United States. Learn more at www.vizientinc.com.