Vizient, Inc. has been invited to present at the Organisation for Economic Co-operation and Development (OECD) Nuclear Energy Agency (NEA) Meeting of the 4th Mandate of the High-level Group on the Security of Supply of Medical Radioisotopes (HLG-MR) on July 12, 2017 in Paris. The presentation will focus on the role of U.S. group purchasing organizations in helping relieve some of the cost pressures associated with various impending price increases in the nuclear medicine industry.

The NEA established the HLG-MR in 2009 to examine the underlying reasons for the global supply shortage of non-HEU molybdenum-99 (99Mo) and technetium-99m (99mTc) necessary for the medical grade isotopes used in radiopharmaceuticals. The fourth mandate of the HLG-MR is part of the continuing activities of the group that work toward the establishment of an economically sustainable model for the long term, secure supply of medical radioisotopes. The group meets twice annually to share information and to discuss ongoing policy issues.

“Radiopharmaceuticals are critical to the diagnosis of various disease states and have a complex and fragile supply chain. Vizient is committed to developing educational materials and other resources that address not only the molybdenum and radiopharmaceutical supply chain, but also the anticipated market increases including the continued reimbursement challenges related to bundling of these radioactive isotopes. It is our hope that Vizient will be a driver in moving toward reimbursement reform in this area,” said Leah Gannon, MBA, radiopharmaceutical senior portfolio executive for Vizient and a presenter at the meeting.

Gannon’s presentation will provide insight into the challenges U.S. health care organizations face as it relates to the adoption of non-HEU use in the production of radiopharmaceuticals. Vizient’s commitment to its members in this area includes providing assistance with the development of radiopharmaceutical programs, education on key medical imaging topics and using institutional data to drive appropriate change in practice.

Presented by Business Wire – July 6, 2017

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