CHARLOTTE, N.C.--(BUSINESS WIRE)--Premier Inc. (NASDAQ: PINC), a leading healthcare improvement company, has launched an automated data analytics solution for healthcare providers that integrates supply chain and pharmaceutical spend, utilization and clinical outcomes data for efficient, evidence-based care delivery decisions.
Driven through the PremierConnect® cross-functional performance improvement platform, PremierConnect Service Line Analytics helps health system leaders quickly pinpoint high-value opportunities to generate savings while maintaining or improving quality. The solution simultaneously analyzes point-of-use care delivery patterns from a financial, utilization and clinical outcomes perspective, and benchmarks the information with peer organizations to identify areas of unjustified variation.
“With cost burdens outpacing reimbursement, there’s an incredible incentive to look closely at higher-cost practices and to do so quickly,” said Greg Strohs, MBA, RPh, Corporate Director of Pharmacy at Adventist Health System. “This solution allows us to get utilization data – not just purchase data – with a couple of clicks of the mouse. We can easily provide answers for our leaders in finance, supply chain and other areas on changes in utilization that can impact outcomes and spend. It is the fastest tool we have to measure the impact of our pharmacy initiatives on drug utilization.”
The Service Line Analytics solution taps PremierConnect’s rich data source, with 40 percent of U.S. hospital discharges and more than $50 billion in provider spend information, to create a snapshot of clinical and financial practices. For example, health system leaders can assess the efficiency and efficacy of antimicrobial stewardship programs by delving into prescribing practices. They can also examine the investment value of high-cost implants for orthopedic and spine surgery based on the clinical outcomes compared to other facilities with a similar patient mix.
Premier Service Line Analytics can be used by health system leaders across multiple departments.
- Clinical leaders: Combines clinical outcomes data with pharmacy and operating room supply costs to identify high-value opportunities on expensive products with nominal quality. The data highlights details around clinician prescribing practices as leaders look to provide evidence-based feedback to frontline providers.
- Supply chain leaders: Understand impact of resource utilization on patient outcomes and assess alternative therapies, with ability to view potential savings over time.
“Being a highly efficient organization is a cost and quality equation,” said Leigh Anderson, chief information officer at Premier. “What’s unique about our solution is that it is able to pinpoint meaningful care variation opportunities by automatically integrating Premier’s existing quality benchmarking capabilities with point-of-use and supply-chain datasets. Paired with a physician-driven care transformation model, this helps health systems realize and sustain performance improvement initiatives – critical capabilities in today’s value-based economy.”
Premier recently received five Best in KLAS awards for having the broadest operational and clinical impact on healthcare organizations. Premier data, services and technologies, such as PremierConnect Service Line Analytics, are being showcased this week on February 20-23 at HIMSS in booth #5571. Attendees are invited to demo the solutions and interact with Premier experts to learn more.
About Premier Inc.
Premier Inc. (NASDAQ: PINC) is a leading healthcare improvement company, uniting an alliance of approximately 3,750 U.S. hospitals and more than 130,000 other provider 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.