{"id":75098,"date":"2023-10-31T00:01:00","date_gmt":"2023-10-31T04:01:00","guid":{"rendered":"https:\/\/hitconsultant.net\/?p=75098"},"modified":"2023-10-31T01:31:35","modified_gmt":"2023-10-31T05:31:35","slug":"vizient-acquires-physician-preference-card-solution-preftech-or","status":"publish","type":"post","link":"https:\/\/hitconsultant.net\/2023\/10\/31\/vizient-acquires-physician-preference-card-solution-preftech-or\/","title":{"rendered":"M&#038;A: Vizient Acquires Physician Preference Card Solution PrefTech OR"},"content":{"rendered":"\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" width=\"1200\" height=\"600\" src=\"https:\/\/hitconsultant.net\/wp-content\/uploads\/2023\/10\/Vizient-Acquires-Physician-Preference-Card-Solution-PrefTech-OR.jpg\" alt=\"\" class=\"wp-image-75099\" srcset=\"https:\/\/hitconsultant.net\/wp-content\/uploads\/2023\/10\/Vizient-Acquires-Physician-Preference-Card-Solution-PrefTech-OR.jpg 1200w, https:\/\/hitconsultant.net\/wp-content\/uploads\/2023\/10\/Vizient-Acquires-Physician-Preference-Card-Solution-PrefTech-OR-300x150.jpg 300w, https:\/\/hitconsultant.net\/wp-content\/uploads\/2023\/10\/Vizient-Acquires-Physician-Preference-Card-Solution-PrefTech-OR-290x145.jpg 290w, https:\/\/hitconsultant.net\/wp-content\/uploads\/2023\/10\/Vizient-Acquires-Physician-Preference-Card-Solution-PrefTech-OR-768x384.jpg 768w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" \/><\/figure>\n\n\n\n<p><strong>What You Should Know:&nbsp;<\/strong><\/p>\n\n\n\n<p>&#8211; <a href=\"http:\/\/www.vizientinc.com\/\">Vizient<\/a> <a href=\"https:\/\/hitconsultant.net\/tag\/healthcare-mergers-acquisitions\/#.XKUWg5hKhyw\">acquires <\/a><a href=\"https:\/\/preftech.com\/\">PrefTech OR<\/a>, a next-generation, cloud-based preference card management (PCM) software that helps healthcare providers optimize their operating rooms to increase workflow efficiency, lower costs and improve patient care. Financial details of the acquisition were not disclosed.&nbsp;<\/p>\n\n\n\n<p>&#8211; PrefTech OR continuously monitors preference card quality, automatically generates actionable guidance and identifies savings opportunities.&nbsp;<\/p>\n\n\n\n<p><strong>Importance of Physician Preference Cards<\/strong><\/p>\n\n\n\n<p>Operating rooms are among hospitals&#8217; largest cost centers, and they also generate more than 50% of their annual revenue. Physician preference cards are an essential part of every surgical service department as they contain detailed information about each surgeon&#8217;s preferences for medical supplies, instruments and room set up for surgery. Inaccurate information can result in improper room setups that create supply waste, increase labor costs and delay patient care.&nbsp;<\/p>\n\n\n\n<p>&nbsp;A physician preference card solution is critical for capturing unique data sets in the perioperative setting across all types of providers. The acquisition supports Vizient\u2019s strategy to advance a comprehensive Spend Management approach. In addition, the acquisition will help providers identify opportunities to reduce clinical variation across similar procedures and create operational efficiencies, leading to fewer wasted supplies and room set up delays, greater billing accuracy and opportunities for standardization across procedures, all of which can improve clinical outcomes and revenue.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>What You Should Know:&nbsp; &#8211; Vizient acquires PrefTech OR, a next-generation, cloud-based preference card management (PCM) software that helps healthcare providers optimize their operating rooms to increase workflow efficiency, lower costs and improve patient care. Financial details of the acquisition were not disclosed.&nbsp; &#8211; PrefTech OR continuously monitors preference card quality, automatically generates actionable guidance <a class=\"more-posts-link\" href=\"https:\/\/hitconsultant.net\/2023\/10\/31\/vizient-acquires-physician-preference-card-solution-preftech-or\/\">&#8230; Read More<\/a><\/p>\n","protected":false},"author":81,"featured_media":75099,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":""},"categories":[1799],"tags":[2690],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.6 (Yoast SEO v20.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>M&amp;A: Vizient Acquires Physician Preference Card Solution PrefTech OR<\/title>\n<meta name=\"description\" content=\"Vizient acquires PrefTech OR, a next-generation, cloud-based preference card management (PCM) software that helps healthcare providers\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/hitconsultant.net\/2023\/10\/31\/vizient-acquires-physician-preference-card-solution-preftech-or\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"M&amp;A: Vizient Acquires Physician Preference Card Solution PrefTech OR\" \/>\n<meta property=\"og:description\" content=\"Vizient acquires PrefTech OR, a next-generation, cloud-based preference card management (PCM) software that helps healthcare providers\" \/>\n<meta property=\"og:url\" content=\"https:\/\/hitconsultant.net\/2023\/10\/31\/vizient-acquires-physician-preference-card-solution-preftech-or\/\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/pages\/HIT-Consultant-Media\/302199219847409\" \/>\n<meta property=\"article:published_time\" content=\"2023-10-31T04:01:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-10-31T05:31:35+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/hitconsultant.net\/wp-content\/uploads\/2023\/10\/Vizient-Acquires-Physician-Preference-Card-Solution-PrefTech-OR.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"600\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Fred Pennic\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@hitconsultant\" \/>\n<meta name=\"twitter:site\" content=\"@hitconsultant\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Fred Pennic\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/hitconsultant.net\/2023\/10\/31\/vizient-acquires-physician-preference-card-solution-preftech-or\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/hitconsultant.net\/2023\/10\/31\/vizient-acquires-physician-preference-card-solution-preftech-or\/\"},\"author\":{\"name\":\"Fred Pennic\",\"@id\":\"https:\/\/hitconsultant.net\/#\/schema\/person\/f7eaad30c9c560826bcbdd28d779118c\"},\"headline\":\"M&#038;A: Vizient Acquires Physician Preference Card Solution PrefTech OR\",\"datePublished\":\"2023-10-31T04:01:00+00:00\",\"dateModified\":\"2023-10-31T05:31:35+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/hitconsultant.net\/2023\/10\/31\/vizient-acquires-physician-preference-card-solution-preftech-or\/\"},\"wordCount\":229,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/hitconsultant.net\/#organization\"},\"keywords\":[\"Healthcare Mergers &amp; 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