Hospitals are not just outsourcing procurement but also forming deeper strategic partnerships with GPOs. These partnerships go beyond price negotiation to include strategic planning, supply chain optimization, and long-term cost-saving initiatives.

Significant efforts lie ahead, as the Black Book survey reveals that only 37% of medical practice respondents are receiving value-based care (VBC) payments from upside-risk arrangements and shared savings, while 12% receive payments from full risk. The remaining halfcontinue to rely on Fee-For-Service payments.

Over 5,000 materials management and purchasing professionals were represented in the sweeping series of supply chain IT user polls, as formidable challenges are forcing providers to advance their technologies to maintain solvency.

Black Book Research recognizes the top-performing tech and managed services firms based on the industry's largest client survey of five thousand supply chain professionals at the Association for Health Care Resource & Materials Management's annual conference in Orlando.

Contract awarded for products that bring improvement to healthcare industry

Three-Year Contract Offers Leading Medical Labels to Vizient Members for Accurate Identification, Compliance and Efficiency

SpendMend achieves second straight year of at least 32% growth in hard dollar savings for its growing client base.

Vizient members can now access increased savings to AQuity's Virtual Scribing solutions, proven to reduce physician burnout and enhance organizational efficiency

Medical and health system technology advisory practices remained among the least impacted, holding up better than other global management consulting industries, although a 13.9% contraction year-on-year is indicated for CY 2020.

Leading provider of cost cycle management solutions adds former President of Vizient's Supply Chain Services to its Board of Directors.

SpendMend adds medical device explant tracking and pharmacy pricing assurance to the Vizient contract