Vizient’s Corporate Responsibility Report Highlights Positive Impacts on People, Places and the Planet
June 20 2024 - 6:00AM
Business Wire
Vizient, Inc. announces publication of its annual corporate
responsibility report highlighting its progress on environmental,
social and governance (ESG) performance and support for
sustainability efforts in the healthcare industry. View the report
here: Vizient 2023 Corporate Responsibility Report: Our Impact on
People, Places and Planet.
“Our corporate responsibility centers on people, the places we
live and the planet we all share,” said Byron Jobe, chief executive
officer for Vizient. “That means looking for ways to improve our
organization and partnering with healthcare providers and suppliers
to advance health equity, improve community prosperity and
resilience while also supporting the decarbonization goals of the
healthcare industry.”
Notable accomplishments across the people, places and planet
pillars in this year’s report include:
- Co-launching the Collective Healthcare Action to Reduce MedTech
Emissions (CHARME) with the goal of reducing greenhouse gas
emissions related to the U.S. medical device and equipment supply
chain.
- Co-developing the new United Nations Global Framework on
Chemicals, as well as helping to establish the first global
sustainability standard for medical imaging equipment.
- Enabling public access to the Vizient Vulnerability IndexTM,
the only social needs index to identify specific factors of health
inequity at a hyperlocal census tract level, which generated more
than 550 downloads by providers, those working in government,
healthcare suppliers and nonprofit organizations.
- Enabling $1.6 million in local spend with certified minority
suppliers through our provider Community Contracting program.
- Hosting a workshop series attended by 388 provider
organizations on health equity data collection, verification, and
management. Participants experienced a reduction in 30-day patient
readmissions, avoiding an annualized 569 readmissions, which
translated to $8.6 million in annual savings.
- Utilizing our Novaplus Enhanced Supply program to bring an
additional 2.2 million units of essential medications to providers
for patient care during episodes of drug shortage.
- Including chemicals of concern in our supplier RFPs (requests
for proposals) as part of the national bid process. In 2023, 91% of
suppliers reported on chemicals making Vizient’s portfolio the
largest repository of chemically transparent products in the
healthcare industry.
- Diversifying our leadership by increasing the proportion of
women in leadership roles to 45.8%, people of color in leadership
to 15.6% and earning the Equality 100 Award from the Human Rights
Campaign for LGBTQ+ inclusion.
- Celebrating the 20th anniversary of our annual “Community Day”
with 2,310 employees volunteering a total of 12,334 hours with 105
nonprofits across 193 communities around the country and investing
$1.2 million across 79 communities through strategic
grantmaking.
Vizient references leading frameworks like the Global Reporting
Initiative and SASB Standards affirming our commitment to
transparency and accountability. Read Vizient 2023 Corporate
Responsibility Report: Our Impact on People, Places and Planet.
About Vizient
Vizient, Inc., the nation’s largest provider-driven healthcare
performance improvement company, serves more than 65% of the
nation’s acute care providers, which includes 97% of the nation’s
academic medical centers, and more than 35% of the non-acute
market. Vizient provides expertise, analytics and consulting
services, as well as a contract portfolio that represents $140
billion in annual purchasing volume. Solutions and services from
Vizient improve the delivery of high-value care by aligning cost,
quality and market performance. Headquartered in Irving, Texas,
Vizient has offices throughout the United States. Learn more at
www.vizientinc.com.
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Donna Ledbetter (972) 830-6321
donna.ledbetter@vizientinc.com