Vermont Business Magazine Vizient, Inc, the largest member-owned health care company in the US, has chosen the University of Vermont Medical Center to receive its President’s Award of Honor for performance-related achievements in supply chain during 2015. To qualify for the President’s Award, organizations must be winners in at least two subcategories, which in the case of UVM Medical Center were overall supply chain excellence and sustainability excellence. The only other winner of the President’s award is the Yale New Haven Health System. Supply chain excellence plays a key role in the UVM Medical Center’s efforts to help control the cost of healthcare in Vermont and northern New York. In the past 5 years the Medical Center and its partners in The University of Vermont Health Network have collectively saved and/or avoided $40 million in the cost of supplies, purchased services and equipment acquisition.
“These supply chain leaders are mapping the path to the cost and quality integration required in order to improve patient care and thrive in today’s health care environment,” said Jody Hatcher, Vizient’s president of sourcing and collaboration services.
“This is the highest recognition a university hospital can achieve and it verifies our success in focusing on quality of care, cost of delivery and being environmentally responsible,” said Charlie Miceli, vice president and network chief supply chain officer at the University of Vermont Health Network. “Vizient’s mission aligns with our tenets of ‘One Supply Chain, Cost Management, Enhanced Business Processes and Meaningful Informatics’ and jointly serves as the tip of the spear in supporting our efforts to reduce per capita cost of health care for our patients in Vermont and northern New York.”
This is the fifth year in a row that the UVM Medical Center has placed #1 or #2 in national rankings for performance excellence by Vizient and its predecessor, the University HealthSystem Consortium. In April, the UVM Health Network was one of only 12 healthcare organizations out of 3,000 analyzed to be recognized by the ECRI Institute for excellence in supply chain management that improves health care quality while reducing costs.
About the University of Vermont Medical Center
The University of Vermont Medical Center is a 447-bed regional referral center providing advanced care to approximately 1 million residents in Vermont and northern New York. Together with our partners at the University of Vermont College of Medicine and the College of Nursing and Health Sciences, we are Vermont’s academic medical center. The University of Vermont Medical Center is a member of The University of Vermont Health Network, a four hospital system established to deliver high quality academic medicine to every community we serve. Our shared mission is: working together we improve people’s lives.
Our partners are: The University of Vermont Health Network – Central Vermont Medical Center; The University of Vermont Health Network – Champlain Valley Physicians Hospital; The University of Vermont Health Network – Elizabethtown Community Hospital and The University of Vermont - Alice Hyde Medical Center.
The University of Vermont Medical Center also serves as a community hospital for approximately 150,000 residents in Chittenden and Grand Isle counties. For more information visit www.UVMHealth.org/MedCenter or visit our Facebook, Twitter, YouTube, and blog sites at http://www.UVMHealth.org/MedCenterSocialMedia
About Vizient
Vizient, Inc., the largest member-owned health care company in the country, is dedicated to serving members and customers through innovative data-driven solutions, expertise and collaborative opportunities that lead to improved patient outcomes and lower costs. Members include academic medical centers, pediatric facilities, community hospitals, and other facilities with nearly $100 billion in annual purchasing volume. Vizient received a World’s Most Ethical Company designation from the Ethisphere Institute. Please visit www.vizientinc.com as well as our newsroom, blog, Twitter, LinkedIn and YouTube pages for more information about the company.