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Biotech / Medical : Premier, Inc. (PINC)
PINC 28.130.0%Oct 31 3:59 PM EST

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From: JakeStraw3/18/2015 8:42:14 AM
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Premier, Inc. Introduces PremierConnect(R) Supply Chain, a Cloud-Based SaaS Procurement Solution
finance.yahoo.com

Innovative end-to-end solution integrates all health system purchasing and operational activities

Real-time, actionable information across the continuum of care enables transparency for more efficient practices

Interoperability enables communication with other solutions for flexibility in managing entire procurement process

PremierConnect Supply Chain enables data-driven purchasing and operational decisions across hospitals, health systems and growing integrated care delivery networks alike. Its interoperable functionality allows it to communicate with other procurement solutions.

"The lack of interoperability in procurement systems creates both a cumbersome and costly purchasing process," said Keith J. Figlioli, senior vice president of Healthcare Informatics, Premier. "Health systems, especially those that are acquiring new facilities, need a cohesive and transparent view of all areas in the procurement process. Think of PremierConnect Supply Chain like your smartphone where you can check your bank account, make a purchase and email a coworker on one device. It's not just a phone."

PremierConnect Supply Chain incorporates capabilities from Aperek, acquired by Premier in August 2014 to accelerate the development of integrated and compelling purchasing workflow solutions that drive operational efficiency and improve financial decision making. Other capabilities include:

Real-time supply analytics that analyze spend across the continuum of care (by facility, physician, alternate site, service line, etc.) to help users understand exactly when, where and why spend is changing. This enables richer supply chain comparisons and visibility to spend throughout a health system, providing actionable insights into utilization patterns across all contracts.

Online sourcing and contract management to optimize and electronically manage all contract decisions, including pricing, terms and expirations.

Customizable catalog management that rapidly aggregates, cleanses and normalizes disparate data from different systems, and standardizes purchases to identify price discrepancies for full control of all orders.

ERP/materials management capabilities enabling users to plan, buy, receive, pay and manage the procurement process while integrating, monitoring and executing daily work streams across all sites of care.
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