Tuesday, March 21, 2017

Avadim Technologies Inc. announces Vizient Innovative Technology contract

Avadim Technologies Inc., the Bionome Therapies life sciences company, today announced that Vizient, the largest Group Purchasing Organization (GPO) in the U.S., has awarded a no-bid, Innovative Technology contract for the company’s line of Theraworx® low pH topical hygiene products.  Vizient, headquartered in Dallas TX, places contracts for a wide range of products and services for its member health systems throughout the U.S.  With its acquisition of MedAssets, another large GPO, in 2016, Vizient now has total contracted spend among its more than 4000 member hospitals of more than $105 billion annually.  On the U.S. News and World Report magazine list of top hospitals in America, the top 14 hospitals, and the top 11 children’s hospitals, are all Vizient members.

The award of this contract followed Avadim’s presentation of Theraworx® Technology at Vizient’s Innovative Technology Exchange in Dallas, TX in September of 2016, where more than 150 companies presented new products and concepts to more than 1300 clinical and supply chain executives from Vizient member hospitals and health systems.   In October 2017, Avadim learned that the coveted Innovative Technology designation had been granted to Theraworx®, as the result of the grading of products presented to the Vizient member representatives at that show.

In addition to providing basic contracting services to its members, Vizient also has more than 700 consultants around the country, who work with their members in the areas of supply chain management and clinical practice improvement.   As the result of this contract, Avadim will now have the opportunity to engage with Vizient’s clinical consulting team to identify to Vizient members the opportunities for improvements in patient care through the use of Avadim’s innovative Theraworx® Technology solutions.

Steve Woody, the CEO of Avadim, in announcing this award, stated, “With their acquisition of MedAssets last year, Vizient became the largest GPO in the country, and are now twice as large as their nearest competitor.  Through this contract award, we now have the ability to work with many more of the leading hospitals in the United States, to present the advantages of our microbiome-compliant technology for their patients.  This award validates our position as an emerging innovative leader in the patient care and safety market.  We could not be more honored by, and grateful for, this tremendous opportunity to further accelerate our growth.”
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 and customer base includes academic medical centers, pediatric facilities, community hospitals, integrated health delivery networks and non-acute health care providers and represents almost $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 the recently acquired MedAssets’ Spend and Clinical Resource Management (SCM) segment, which includes Sg2. In 2016, Vizient 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.

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