Premier Inc (PINC): 36.36 -0.53 -1.44% Volume: 1,013,383 November 12, 2019

University Health System Partners with Premier Inc.

August 16, 2017

Academic health system in San Antonio working with Premier to improve care quality and efficiency

CHARLOTTE, N.C. --(BUSINESS WIRE)-- University Health System , a nationally-recognized teaching hospital and network of outpatient healthcare centers in San Antonio, Texas , has chosen Premier Inc. (NASDAQ: PINC), a leading healthcare improvement company, to provide broad-based supply chain, clinical and financial analytics and services that support its efforts to deliver high-quality patient care and effectively manage costs.

“We are honored to have University Health System join Premier,” said Susan DeVore , president and CEO of Premier. “They are an industry leader in using advanced care delivery practices, new technologies and clinical research to treat the most challenging diseases.”

The academic health system signed a multi-year agreement for access to Premier’s enterprise-wide services, including supply chain and group purchasing services, as well as the PremierConnect ® performance improvement platform to clinically integrate and optimize care delivery practices. It will also use integrated clinical, financial and outcomes data management analytics to view information on utilization and variation, compare effectiveness and prioritize areas of improvement. This includes Premier’s clinician performance management solution to track and benchmark clinical outcomes and forecast the potential financial impact of future reimbursements.

“This is the latest step in our continuing efforts to improve healthcare in our community,” said George B. Hernández, Jr., JD, president and CEO at University Health System . “We are excited to partner with Premier to help us provide the highest quality of care possible through teaching and supporting advancements in medical knowledge to improve patient care. Through Premier, we can use integrated data and shared insights to further transform our clinical practices while better managing costs.”

University Health System is a member of America’s Essential Hospitals, which represents more than 300 hospitals dedicated to caring for the vulnerable and training the nation’s healthcare workforce. Premier has an exclusive partnership with America’s Essential Hospitals to drive new advances in care quality, costs and population health at essential hospitals.

“Leading academic providers like University Health System have a growing need to ensure their care models will achieve success in an industry quickly moving toward value-based payment and care delivery,” said Andrew Ziskind , MD, senior vice president of academic health system strategy, Premier. “We look forward to working with University Health System and supporting them in this environment with our experience, vast network of clinicians and researchers, and data-driven performance improvement solutions. We welcome them to our alliance and hope to exceed their expectations in improving care quality and financial sustainability.”

The financial terms of the agreement were not disclosed. The partnership is not expected to materially impact Premier’s fiscal 2018 financial results.

About University Health System

University Health System is a nationally recognized teaching hospital and comprehensive network of outpatient healthcare centers, ranked best in the San Antonio region by U.S. News & World Report for the past seven years. University Health System is committed to delivering patient-centered, culturally competent and high-quality healthcare for adults and children based on a strong foundation of outcomes‐based research and innovative teaching. Learn more at UniversityHealthSystem.com .

About Premier Inc.

Premier Inc. (NASDAQ: PINC) is a leading healthcare improvement company, uniting an alliance of approximately 3,750 U.S. hospitals and more than 130,000 other provider organizations. With integrated data and analytics, collaboratives, supply chain solutions, and advisory and other services, Premier enables better care and outcomes at a lower cost. Premier, a Malcolm Baldrige National Quality Award recipient, plays a critical role in the rapidly evolving healthcare industry, collaborating with members to co-develop long-term innovations that reinvent and improve the way care is delivered to patients nationwide. Headquartered in Charlotte, N.C. , Premier is passionate about transforming American healthcare. Please visit Premier’s news and investor sites on www.premierinc.com ; as well as Twitter , Facebook , LinkedIn , YouTube , Instagram and Premier’s blog for more information about the company.

Forward-looking statements

Matters discussed in this release that are not statements of historical or current facts, such as University Health System’s anticipated use of Premier’s supply chain and performance services at expected levels, as discussed herein, are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of Premier to be materially different from historical results or from any future results or projections expressed or implied by such forward-looking statements. Accordingly, readers should not place undue reliance on any forward looking statements. In addition to statements that explicitly describe such risks and uncertainties, readers are urged to consider statements in the conditional or future tenses or that include terms such as “believes,” “belief,” “expects,” “estimates,” “intends,” “anticipates” or “plans” to be uncertain and forward-looking. Forward-looking statements may include comments as to Premier’s beliefs and expectations as to future events and trends affecting its business and are necessarily subject to uncertainties, many of which are outside Premier’s control. More information on potential factors that could affect Premier’s financial results is included from time to time in the “Forward Looking Statements,” “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” sections of Premier’s periodic and current filings with the SEC and available on Premier’s website at investors.premierinc.com . Forward looking statements speak only as of the date they are made. Premier undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise that occur after that date.


Source: Premier Inc.

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