Vizient Pharmacy Program
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The Vizient Pharmacy Program offers a comprehensive pharmacy portfolio to help healthcare organizations meet challenges such as increasing drug costs, reimbursement shortfalls, budget cuts, and drug shortages. With over 12,000 products and services in their pharmacy group purchasing organization (GPO) portfolio, actionable pharmacy analytics (members only), and access to experts and Drug Price Forecast Report (members only), Vizient can help healthcare organizations make pharmacy a strategic business asset for maintaining a competitive advantage.
Strengths
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Cost savings
Negotiated discounts on pharmaceuticals
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Customization
Tailored solutions for individual pharmacies
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Data analytics
Access to data and insights to optimize pharmacy operations
Weaknesses
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Limited network
Only available to pharmacies within the Vizient network
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Lack of transparency
Limited information on pricing and discounts
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Complexity
May require significant time and effort to implement and manage
Opportunities
- Potential to expand network and reach more pharmacies
- Opportunities to partner with other healthcare organizations
- Potential to develop new solutions and services for pharmacies
Threats
- Other pharmacy programs and solutions may offer similar or better benefits
- Changes in healthcare regulations could impact the program's operations
- A recession or economic downturn could impact pharmacy budgets and spending
Ask anything of Vizient Pharmacy Program with Workflos AI Assistant
https://www.vizientinc.com/
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Vizient Pharmacy Program Plan
Vizient Pharmacy Program offers discounted pricing on brand and generic medications through a tiered formulary system.
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