Premier : As value models move ahead in healthcare, many organizations getting left behind
May 28, 2015 at 11:10 am EDT
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Premier, Inc.
Healthcare Finance News: Premier has long touted the financial advantages of belonging to a collective. Within the value-based purchasing context, providers can gain tremendous leverage with their VBP programs as part of a larger collaborative, said Richard Bankowitz, MD, chief medical officer for Premier. "By using a common set of measurements, everyone knows how the other is doing," he said. "We share best practices for 365 members to find pockets of excellence."
Premier, Inc. is a healthcare improvement company uniting an alliance of approximately 4,350 United States hospitals and health systems and approximately 300,000 other providers and organizations. It operates through two segments: Supply Chain Services and Performance Services. The Supply Chain Services segment includes the Companyâs group purchasing organizations (GPO), supply chain co-management, purchased services, and direct sourcing activities. The Performance Services segment consists of three sub-brands, which include PINC AI, the Companyâs technology and services platform; Contigo Health, the Companyâs direct-to-employer business; and Remitra, the Companyâs digital invoicing and payables business. It delivers technology-enabled platform that offers critical supply chain services, clinical, financial, operational and value-based care software as a service (SaaS) as well as clinical and enterprise analytics licenses, consulting services, and third-party administrator services.