Did MedAssets become Vizient?
Did MedAssets become Vizient?
IRVING, Texas–(BUSINESS WIRE)–Vizient, Inc. (“Vizient”) today announces it has completed the acquisition of MedAssets’ Spend and Clinical Resource Management (SCM) segment, including Sg2, from Pamplona Capital Management.
Who acquired MedAssets?
Pamplona Capital Management
Pamplona Capital Management will purchase Alpharetta, Ga. -based MedAssets for $2.7 billion, or $31.35 per share, in cash.
What is GPO contract pricing?
The fee is paid when a GPO’s provider-member utilizes a GPO contract. A 2010 report by the Government Accountability Office found that the average weighted contract administrative fee for GPOs ranged from only 1.22% to 2.25%, and the vast majority of administrative fees fall in that range.
What is GPO in supply chain?
A group purchasing organization (GPO) is an entity that helps healthcare providers — such as hospitals, nursing homes and home health agencies — realize savings and efficiencies by aggregating purchasing volume and using that leverage to negotiate discounts with manufacturers, distributors and other vendors.
Who owns Vizient healthcare?
On April 1, 2015, VHA and UHC (University HealthSystem Consortium) merged to make one company, Vizient, making them the largest member-owned health care company in the nation. The combined organization officially aligned under the Vizient brand in 2016….Vizient, Inc.
| Type | Corporation |
|---|---|
| Key people | Byron Jobe, President, CEO |
How do GPOs get paid?
How do GPOs make money? Healthcare GPOs are normally funded by administrative fees paid by vendors. Usually based on the price of whatever items are purchased, the fee is paid when a GPO member buys through a GPO contract.
How are GPOs funded?
How Is a GPO Funded? Typically, a GPO is funded via membership fees, administrative fees or some combination of the two. A membership fee can be a one-time payment that’s paid upon joining the GPO. Alternately, the membership fee can be structured as an annual dues-based payment.
Is Vizient a GPO?
Vizient Catalog is an online health care contract catalog that enables you to quickly locate product and contract related information, available to members that participate in our group purchasing organization (GPO).