Vizient Expands Agreement With Panda Health for Digital Health Marketplace

Vizient Inc. and Panda Health have expanded their strategic partnership to immediately broaden the array of digital health technologies and consulting services available to Vizient members. Panda will continue to provide expertise to help Vizient members execute their digital transformation strategy quickly, safely, and economically.  
 
Panda Health assesses technologies across dozens of different digital health categories—such as advanced patient scheduling, telemedicine, digital patient intake, care coordination, patient financial engagement and more—and includes those technologies that meet rigorous functional, technical, and service requirements. Selected technologies are also evaluated across cybersecurity, legal, and interoperability requirements, enabling Vizient members to more easily find and implement digital health solutions while minimizing the risk involved with vendor selection. 
 
“Digital health care solutions are increasingly necessary for providers to meet patient expectations and we want to facilitate their adoption for Vizient members,” said John Becker, group senior vice president for Vizient. “We have expanded our strategic agreement with Panda to aid Vizient members in adopting industry-leading digital health solutions and services as efficiently and cost-effectively as possible.” 
 
Vizient and Panda Health became partners last summer. In the past year, Panda has delivered Vizient members with as much as 50% reductions in procurement timelines in addition to contracted savings. The expanded agreement utilizes Panda’s expertise with solution selection, implementation and contract management processes. 
 
“We are proud of the accomplishments Panda has made over the last year assisting Vizient members to evolve the way they deliver care and work with leading digital health companies. Expanding our relationship enables our marketplace platform and value-added services to be accessible to all Vizient members,” said David Harvey, CEO, Panda Health. “We remain committed to helping Vizient members safely source, evaluate, compare, and select the best-fit solutions for their organizations.” 
 
“CentraCare is a longstanding Vizient member and has worked with Panda for nearly two years, helping us to advance the patient and provider experience through accelerated, innovative digital health strategy and solution adoption. Vizient members should take advantage of this strategic partnership to not only meet, but exceed patients’ needs as healthcare technology continues to evolve,” said Ken Holmen, president and CEO, CentraCare. 
 
Vizient Inc., the nation’s largest health care performance improvement company, serves more than 50% of the nation’s acute care providers, which includes 97% of the nation’s academic medical centers, and more than 20% of ambulatory care providers. Vizient provides expertise, analytics and advisory services, as well as a contract portfolio that represents more than $130 billion in annual purchasing volume. Vizient’s solutions and services improve the delivery of high-value care by aligning cost, quality and market performance. Headquartered in Irving, Texas, Vizient has offices throughout the United States. 

Panda Health is a marketplace that transforms the ways in which health systems discover, procure, and implement digital innovations that make life better for consumers. Formed in 2020 as an independent company, Panda was founded through a partnership between CentraCare, Gundersen Health System, and ThedaCare, with the development and investment firm Fitzroy Health.