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Vizient Awarded Food Services Contract with Health Care Network TPC

February 3, 2020 GMT

IRVING, Texas--(BUSINESS WIRE)--Feb 3, 2020--

Vizient, Inc. announced today it has been awarded a food services contract from TPC, a Plano, Texas-based network of health care providers. With its national presence and focus on standardization, the Vizient Food Program is expected to save participating TPC members approximately 10% each year in food costs.

“We’re excited to work with TPC and its members to help them realize cost savings and greater efficiencies in their food service offerings for their patients and employees,” said Greg Knapp, vice president, contract and program services for Vizient. “We are confident the Vizient Food Program can help these health care organizations meet their operational goals and improve patient satisfaction.”

“TPC members have been working together as a system to realize greater value in the food service category for over a decade – it is one of our most established programs,” said Kevin Simpson, director of sourcing for TPC. “In our last contracting cycle, our members recognized an opportunity to capture additional value through our partnership with Vizient. Our benefit will go beyond cost savings and will provide enhancements that will increase performance and reduce food waste.”

TPC will utilize US Foods for distribution and will receive transparency into program details in addition to the savings and value provided across more than 260 vendor contracts. TPC members also have access to expert dieticians and an array of other services and programs, including the Vizient Impact Standardization Program, which helps hospitals streamline purchasing practices to earn additional savings and quarterly Group Buys promotions. Additionally, TPC members can utilize Vizient’s Environmentally Preferred Sourcing Attribute Tool that tracks over 27 specific food attributes on 18,000 products and 23 specific attributes on more than 2,000 different non-food products.

About Vizient, Inc.

Vizient, Inc. provides solutions and services that improve the delivery of high-value care by aligning cost, quality and market performance for more than 50% of the nation’s acute care providers, which includes 95% of the nation’s academic medical centers, and more than 20% of ambulatory providers. Vizient provides expertise, analytics and advisory services, as well as a contract portfolio that represents more than $100 billion in annual purchasing volume, to improve patient outcomes and lower costs. Vizient has earned a World’s Most Ethical Company designation from the Ethisphere Institute every year since its inception. Headquartered in Irving, Texas, Vizient has offices throughout the United States. Learn more at www.vizientinc.com.

About TPC

Based in Plano, Texas, TPC is a network of healthcare providers that work together as a single system to aggregate business volume and leverage economies of scale without sacrificing individual independence or local ownership. By working through a committed platform, TPC drives collaboration and innovation across a range of clinical, operational and economic areas enabling providers to maximize the financial and non-financial value they receive. TPC represents eleven health systems in four states, totaling $1 billion in purchasing volume, and has achieved over $300 million in documented savings since 2010. TPC exists for the sole purpose of helping community-based healthcare organizations remain strong and independent. For more information, visit www.tpc1.com, or follow us on LinkedIn and Twitter.

View source version on businesswire.com:https://www.businesswire.com/news/home/20200203005079/en/

CONTACT: Angie Boliver

(972) 830-7961

angie.boliver@vizientinc.com

KEYWORD: UNITED STATES NORTH AMERICA TEXAS

INDUSTRY KEYWORD: MEDICAL SUPPLIES RETAIL HEALTH HOSPITALS PRACTICE MANAGEMENT FOOD/BEVERAGE

SOURCE: Vizient, Inc.

Copyright Business Wire 2020.

PUB: 02/03/2020 06:00 AM/DISC: 02/03/2020 06:00 AM

http://www.businesswire.com/news/home/20200203005079/en