Vizient Concerned by Probable Negative Impact of Tariffs on the U.S. Health Care Industry | Financial Buzz

Vizient Concerned by Probable Negative Impact of Tariffs on the U.S. Health Care Industry

Vizient
is deeply concerned that current tariffs set to go into effect on July
6, and any ensuing trade war, will have long term impacts on the cost of
health care in the U.S., which is already at unsustainably high levels.

Every day we work to ensure that patients have access to the best
possible suppliers and services for first-rate medical care. That is why
we are troubled to see that a 25% tariff will be placed on
medical/surgical products imported from China, including many lifesaving
items.

While the full effect is not yet known, these tariffs on goods essential
to modern medicine could rob the supply chain of important products and
exacerbate existing shortages. The resulting impacts may also affect the
quality of care hospitals can deliver and make it even tougher for
American families already struggling to afford medical care.

We firmly believe that medical care should be above politics. It is our
hope that this issue will have a speedy resolution so care delivery in
the U.S. is not impacted.

Vizient is the nation’s largest health care performance improvement
company serving a diverse membership that includes academic medical
centers, pediatric facilities, community hospitals, integrated health
care delivery networks and non-acute health care providers.

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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20180622005412/en/