Premier Inc.

Michael J. Alkire, President and CEO of Premier, has been named Executive of the Year at the?2024 BIG Awards for Business. Presented by the Business Intelligence Group, the BIG Awards recognize visionary leaders and groundbreaking organizations that are redefining their fields and driving global progress. As a leader committed to innovation, Mike has steered Premier toward integrating clinical, financial and supply chain solutions to improve healthcare delivery nationwide. Read more: https://lnkd.in/dargc4cd

Working toward a zero-failure rate in healthcare is a necessity in today’s environment. Part of becoming a zero-failure organization requires eliminating errors, system failures and ultimately, harms that can have devastating effects on patients and their families, create long-term reputational risk and contribute to added costs. In this roadmap, Premier assessed decades of lessons learned from performance improvement collaboratives, published data and programmatic evaluations to present a framework for continuous performance improvement in healthcare, with a goal of achieving a zero-failure rate. Download our e-book to discover how your organization can accelerate your journey toward zero failures: https://lnkd.in/eiuS8UBG

Our nation’s healthcare is at a tipping point, with ever-increasing paths to the peak of optimal performance.? Premier exists to help our industry leverage these new paths forward to effectively deliver higher-quality care, improve patient outcomes and reduce both time and costs.? ? We do this by uniting providers, suppliers, payers and policymakers behind a singular mission: to make community healthcare better with national scale, smarter with actionable intelligence and faster with novel technologies. See how we're enabling our members to make healthcare better, smarter and faster: https://lnkd.in/eYaMXRPS #OnePremier #TechEnabledSupplyChain

"Premier's consulting team was instrumental in helping us have a deeper insight into our data and then really developing our governance around our data to improve our strategic initiatives and how we interact with that data." -?Charlie Sonday, Associate Chief Medical Information Officer,?St. Luke's University Health Network Hear more?about how?St. Luke's University Network's?partnership with Premier has helped the organization leverage data to improve various quality metrics, including sepsis and mortality rates, and click here to learn more about how we're transforming healthcare performance:?https://lnkd.in/e8M3JNs3

Patient access is a key driver of patient acquisition, satisfaction and retention – all of which deeply influence care quality and provider revenue. Today, patients seeking convenient and timely care options gravitate toward providers who offer optimal access, whether that means shorter wait times, flexible scheduling or easy connections to specialty services. However, patient access challenges persist: ? New Premier data shows, on average, a 53 percent increase in lead times across all specialties with larger spikes in some areas since 2020. ? Virtual visits have dropped nearly 50 percent since 2020 across all specialties. By leveraging innovative data and technology platforms to address strategic and operational challenges, providers can make care more accessible and grow revenue. Read more:?https://lnkd.in/eU46pbdP Daniel DeBehnke MD, MBA, James York, MBA

?? Procure-to-pay (P2P) automation holds?the promise of a future filled with advancements in increased streams?of revenue, better working capital and increased cash flow. Organizations can take automation to the next level by implementing Premier’s Remitra? solutions to help reduce human error and costs and generate revenue while?refocusing resources on more value-added, strategic opportunities. Our new e-book?shares?five ways we see automation impacting healthcare P2P?processes; the top tools being leveraged to solve for pressing challenges;?and insights on how providers and manufacturers can benefit. Click here to access:?https://lnkd.in/epF6bZft

We're attending ASHP Midyear Clinical Meeting & Exhibition, Dec. 8-12 in New Orleans, LA! Make sure to stop by Premier booth #431 to meet and learn more about the following: ?? Innovative Technology: Discover how we're proactively addressing shortages, monitoring drug utilization and enhancing safety. ?? ?Purpose-Built Advisory Services: See how we can address your most complex challenges from 340B, contract and purchasing, formulary, retail pharmacy, Rx strategies and operations and infusion services. ??? 2024 Public Health and Clinical Data Exchange: Understand how to satisfy these requirements and avoid financial penalties through Antimicrobial Use and Resistance (AUR) data reporting. ??? And NEW this year - we're excited to offer a Give Back opportunity at our booth. For every visitor who takes a photo, signs their name or creates an Avatar, we will make a donation on their behalf to Healthcare Ready. All participants will be added to a virtual video wall at the booth showcasing our collective dedication to making a positive impact. Hope to see you there!

At Premier, we leverage over 100 billion data points to offer actionable insights, benchmarking and AI-driven technology that fuels care transformation, workforce management and corporate shared services. With the support of Premier’s Advisory Services, you can accelerate your performance improvement journey toward excellence and gain access to a network of like-minded hospitals and system leaders in our collaboratives - because we believe that collaboration drives better outcomes. Premier Advisors are your trusted partners in making healthcare better, smarter and faster - learn more: https://lnkd.in/ex5HdzHB

Premier has renewed its partnership with Carilion Clinic, a not-for-profit health system providing care for nearly 1 million Virginians. The collaboration has achieved over $10 million in savings since May 2024 and is poised to enable continued efficiencies and performance improvement across the system. The partnership will focus on driving supply chain optimization through people, processes and technology for operational excellence and long-term value, including Carilion’s involvement in Premier’s highly committed AscenDrive? program and engagement with Premier’s Pharmacy services. With the renewal, Premier will continue to support Carilion by enhancing its sourcing/contracting strategies, data management and supply chain operations. Carillion will also continue leveraging Premier’s advanced technologies like the High-Value Implant Dashboard, Service Line Analytics and Purchased Services platform for spend insights, benchmarking and AI-driven contract analysis.

Premier’s Population Health Management Collaborative (PHMC) members achieved record Medicare Shared Savings Program savings in 2023, outperforming the national average for all ACOs and earning over $302 million in performance payments. Succeeding within VBC models can be challenging, but PHMC member results show that a shared mission, effective collaboration, peer-to-peer benchmarking and data-driven performance improvement can help some make the transition faster, with higher-quality outcomes. Read our new blog to learn more about keys to success in accelerating the transition to value and how Premier supports ACOs in their journey:?https://lnkd.in/eaiVcN5d