Irving-based Company Predicts Smaller (But Still Sizable) Increase In Drug Prices Next Year

Vizient released its drug price forecast for 2019, and the data-driven company says it expects prices to increase 4.92 percent during 2019. But the prediction comes with a caveat for health systems to latch onto: The percent of price inflation is down nearly three percentage points—from 7.61 percent last year—which Vizient says could signal the beginning of a change in the trend. For now, the specialty pharmacy industry continues to drive up the prices, Vizient says: Although the rate of price increases is projected to slow, the specialty pharmacy market is expected to continue its rapid pace of growth, which… Full Story

Irving-based Vizient Has a New CEO

Byron Jobe has taken over as chief executive officer at Irving-based Vizient Inc. after a multi-year succession plan, the company said. Jobe was previously the president, chief administrative officer, and financial officer at the giant healthcare membership company. He’ll retain the title of president. Former CEO Curt Nonomaque said in the fall that he’d retire this year, ending a 15-year run as the company’s chief executive. After a year at Baylor Health Care System in the 1990s, Jobe started at what was then VHA Inc. in 1994 as a senior director of operations & finance. He left the company for… Full Story