California-based health system builds on Premier partnership to
align supply chain practices with value-based care goals
CHARLOTTE, N.C.--(BUSINESS WIRE)--
Adventist Health, a faith-based, non-profit integrated health system
serving communities on the West Coast and Hawaii, is leveraging Premier
Inc.’s (NASDAQ: PINC) technology and services to undertake a major
strategic supply chain optimization initiative aligned with its
value-based care delivery goals.
A member of Premier for nearly 25 years, Adventist has engaged Premier’s
team of industry-leading
consultants to foster more effective management of its supply
portfolio and reduce non-labor expenses, as well as accelerate the
development of an innovative, world-class supply chain model. As part of
the effort, Adventist will also be implementing service
line analytics capabilities via the PremierConnect®
performance improvement platform to pinpoint and prioritize opportunity
areas. These new services build on and complement Adventist’s ongoing
relationship with Premier in the areas of group purchasing; performance
improvement collaboratives; and financial, operational and quality
analytics in PremierConnect.
“Premier has been an exceptional supply chain partner as we have worked
to reduce costs and drive out waste across our system,” said Bill Wing,
President at Adventist Health. “We are transforming Adventist Health
from the traditional fee-for-service model of care to a value-based
approach. That approach creates a business model for us to invest in
building healthier communities and healthier people instead of just more
healthcare. To succeed in that vision, we are looking for every
opportunity to reduce the cost of providing care, without compromising
quality. Premier has been an integral part of helping us develop one of
the top performing supply chains in the nation. We believe their
expertise can help us take the necessary steps to evaluate and refine
our purchased service spend. Every dollar we can save on operations
creates an opportunity for us to reinvest in our mission and our
communities. We look forward to seeing what we can accomplish together.”
Premier’s unique service line analytics automate the integration of
supply chain and pharmaceutical spend, utilization trends and clinical
outcomes information to target operational improvement opportunities
with the largest return on investment while maintaining or improving
quality. Coupled with Premier’s expert consulting services and years of
industry experience, Adventist now has the capabilities to build a
best-in-class supply chain with a decision-making infrastructure that
supports its comprehensive care delivery and operational redesign
strategy.
“Today’s high-value healthcare landscape demands that providers adopt a
holistic approach to their financial, operational and care delivery
models,” said Leigh Anderson, President of Performance Services at
Premier. “Adventist has excelled in this new healthcare environment as a
top performer, continuously adapting to deliver high-quality, low-cost
care to its communities. We are thrilled to support them in this
endeavor as they create a supply chain system that compliments their
care delivery model and thrives in a value-based market.”
The financial impact of the agreement was not disclosed.
About Premier Inc.
Premier Inc. (NASDAQ: PINC) is a leading
healthcare improvement company, uniting an alliance of more than 4,000
U.S. hospitals and health systems and approximately 165,000 other
providers and organizations to transform healthcare. With integrated
data and analytics, collaboratives, supply chain solutions, and
consulting and other services, Premier enables better care and outcomes
at a lower cost. Premier 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
Adventist Health anticipated use of Premier’s performance and supply
chain 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.
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https://www.businesswire.com/news/home/20181023005735/en/
Premier Inc.
Morgan Guthrie, 704-816-4152
Morgan_Guthrie@PremierInc.com
Source: Premier Inc.