by John R. Fischer
, Senior Reporter | November 12, 2020
Providers holding membership with Vizient will have access to an equipment sharing platform through a new agreement with Cohealo, creating opportunities to target savings across purchasing and service costs.
“Cohealo will enable providers to immediately avoid capital purchases by sharing equipment between their owned and affiliated facilities, maximizing the utilization of existing resources,” said Dr. Todd Rothenhaus, Cohealo’s chief executive officer, in a statement. “Combined with the expense reductions from fewer rentals, service contracts, preventive maintenance, and storage, a substantial tranche of savings is made available for other growth initiatives.”
The Cohealo platform performs logistics, conflict management and facilitates communication between lenders and borrowers. These capabilities enable it to oversee capital planning and reallocate equipment, as well as identify opportunities to save money for more strategic purchases.
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Cohealo has conducted more than 5,000 shares of over 100 different equipment types, including microscopes, lasers and surgical robots. The adoption of the platform by Vizient enables the company to offer the same service to more academic medical centers, pediatric facilities, community hospitals, integrated health delivery networks and non-acute healthcare providers, all of which, together, make up more than $100 billion in annual purchasing volume.
The partnership is the second announced this month for Vizient, which has also formed another with Intermountain Healthcare that will focus on clinical and cost analytics. It also will be acquiring Intalere
from Intermountain Healthcare to enhance its stake in the healthcare supply chain market.