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Biotech / Medical : Premier, Inc. (PINC)
PINC 28.12-0.1%Oct 31 9:30 AM EDT

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From: JakeStraw10/5/2016 9:03:22 AM
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Premier Inc. and Banner Health Expand Partnership
finance.yahoo.com

“Banner works strategically with Premier to accelerate the transformation of healthcare,” said Dennis Dahlen, Banner’s chief financial officer. “By continuing and expanding our partnership, we will have the outcomes-based data management capabilities necessary for full visibility into clinical and supply chain practices across our network. We’re also working with Premier to further build value-based care and alternative payment model capabilities. Premier is a valuable partner with years of experience, and they continue to help us develop, implement and design processes for our providers to succeed in improving health across our communities.”

Powered by the cloud-based PremierConnect® performance improvement platform, Premier’s supply and physician practice management analytics will be deployed across Banner’s newly-acquired southern Arizona facilities to analyze spend and identify operational opportunities through the continuum of care. These analytics complement access to Premier’s GPO, as well as existing PremierConnect clinical and operational analytics. Integrating this information unifies system-wide purchasing activities and care delivery practices to drive efficiencies, eliminate variation and improve outcomes. PremierConnect houses clinical data on 40 percent of the patients discharged from U.S. hospitals and $48 billion in annual purchasing information. Providers use this information to compare cost and quality outcomes with peers for evidence-based decisions.
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