Academic hospital expands Premier relationship adding
enterprise-wide performance improvement and supply chain services and
analytics
CHARLOTTE, N.C.--(BUSINESS WIRE)--
The University of Louisville Hospital (UofL Hospital), an academic
teaching and research hospital, has partnered with Premier Inc. (NASDAQ:
PINC), a leading healthcare improvement company, to drive high-value
care delivery using Premier’s customized bundle of enterprise-wide
performance improvement and supply chain services and analytics
offerings.
The only Level 1 trauma center in the region, UofL Hospital includes the
UofL Brown Cancer Center, with teams specializing in treating cancers of
the central nervous system and a nationally accredited stroke center.
UofL Hospital’s multi-year agreement with Premier includes access to
Premier’s group purchasing services, as well as robust clinical and
financial outcomes data and analytics from the PremierConnect®
performance improvement platform. These analytics also complement UofL
Hospital’s access to Premier’s clinical surveillance solution, powered
by TheraDoc®, which it has used since 2008.
“The healthcare environment is ever-evolving, which is why we continue
to remain focused on our mission of providing high-value care,” said
Chris Graff, chief financial officer of UofL Hospital. “Premier’s
extensive knowledge and next-generation analytics, as well as this
unique opportunity to partner with other academic health systems, will
help us build the skills and capabilities needed to succeed in today’s
value-based payment world.”
Leveraging Premier’s comprehensive performance improvement and supply
chain services, UofL Hospital will be able to safely drive reductions in
the cost of care, examine care delivery utilization and variation
patterns, compare outcomes against peers, understand and optimize
performance under value-based purchasing, and prioritize areas for next
generation performance improvement.
“Academic health systems are tasked with the unique purpose to provide
exceptional care to their communities, while educating healthcare
professionals and leading innovation,” says Andy Ziskind, MD, senior
vice president of academic health system strategy at Premier. “The
University of Louisville Hospital is a pillar in the community and we
look forward to supporting their mission of improving health through
research, education, clinical care and community service.”
The financial terms of the enterprise-wide agreement were not disclosed.
The partnership is not expected to materially impact Premier’s fiscal
2018 financial results.
About University of Louisville Hospital
UofL Hospital, an academic teaching and research hospital, is at the
heart of the Louisville Metro area in downtown Louisville. UofL Hospital
offers a second-to-none cancer center, world-renowned trauma team and a
uniquely streamlined, nationally accredited stroke center – the latest
innovations in a history of world-class care. For more information visit https://uoflhospital.org/.
About Premier Inc.
Premier Inc. (NASDAQ: PINC) is a leading healthcare improvement company,
uniting an alliance of approximately 3,900 U.S. hospitals and health
systems and approximately 150,000 other providers and 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 UofL Hospital’s 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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Source: Premier Inc.