Cooperative Services of Florida and Vizient form a Strategic Partnership
IRVING, Texas--(BUSINESS WIRE)-- Vizient and Cooperative Services of Florida (CSF) announced today that they have signed a strategic membership agreement. Vizient will serve as the preferred national group purchasing organization (GPO) and strategic cost management partner for CSF and their member health systems. The agreement also includes an aggregation group development strategy and all analytics modules within the Vizient Savings ActualyzerTM platform.
“This is an alignment that makes sense for our members,” said Bob Boswell, president and CEO of LeeSar/CSF. “We will access Vizient’s broader contract portfolio while strengthening the CSF sourcing model through increased analytics capabilities, technologies and onsite support. CSF will maintain its regional GPO identity and will focus on building clinical alignment with members’ physicians and clinicians to provide stronger regional contracts for specialty supplies, drugs, services, and capital equipment.”
Cooperative Services of Florida represents four health systems in Florida. Lee Health is the largest and only community-owned healthcare system in SW Florida with a total of 1,457 beds. Sarasota Memorial, an 819 bed hospital, is among the largest and highest rated public health systems in Florida. Central Florida Health includes Leesburg Regional Medical Center with 329 beds, the Villages Regional Hospital with 307 beds and Leesburg Rehabilitation Hospital. Jupiter Medical Center is a not-for-profit, 327 bed regional medical center.
“We are excited to welcome Cooperative Services of Florida, and their member hospitals, to Vizient. By aligning our capabilities with the goals of CSF, we believe that we can help accelerate growth in their membership through our joint sourcing and contracting services strategy. Additionally, we believe that their members will benefit from the cost savings insights and opportunities that come from our market-leading supply chain analytics platform,” said Rand Ballard, chief customer officer for Vizient.
LeeSar and Cooperative Services of Florida, Inc. (CSF), are two distinct companies with a shared commitment to delivering superior supply chain performance that positions members for success in a value-based healthcare market. The mission of LeeSar/CSF is to support members in providing the highest quality care at the lowest cost for the communities they serve. LeeSar is a regional service center providing pharmacy and medical supply distribution, nuclear and pharmacy compounding, custom sterile pack operations, sterile processing, and other services to members. CSF is a regional group purchasing organization focused on aggregating members’ needs to provide stronger contracts that lowers costs for medical and pharmaceutical supplies, technologies, and services. For more information, please visit: www.LeeSar.com and www.csofl.com
About Vizient, Inc.
Vizient, Inc., the largest member-driven health care performance improvement company in the country, provides innovative data-driven solutions, expertise and collaborative opportunities that lead to improved patient outcomes and lower costs. Vizient’s diverse membership base includes academic medical centers, pediatric facilities, community hospitals, integrated health delivery networks and non-acute health care providers and represents approximately $100 billion in annual purchasing volume. The Vizient brand identity represents the integration of VHA Inc., University HealthSystem Consortium and Novation, which combined in 2015, as well as MedAssets’ Spend and Clinical Resource Management (SCM) segment, including Sg2, which was acquired in 2016. In 2018, Vizient again received a World’s Most Ethical Company designation from the Ethisphere Institute. Vizient’s headquarters are in Irving, Texas, with locations in Chicago and other cities across the United States. Please visit www.vizientinc.com as well as our newsroom, blog, Twitter, LinkedIn and YouTube pages for more information about the company.
Source: Vizient, Inc.