CHARLOTTE, N.C.--(BUSINESS WIRE)--HealthPartners, an integrated healthcare organization of Bloomington, Minn., has selected Premier, Inc. (NASDAQ: PINC), a leading healthcare improvement company, for its supply chain analytics and services. The five-year agreement includes Premier’s group purchasing services and integrated supply chain analytics powered by the PremierConnect® performance improvement platform.
HealthPartners, the largest consumer governed non-profit healthcare organization in the nation, provides healthcare services, health insurance, and health and well-being programs. Its care system serves more than 1.5 million medical and dental health plan members nationwide. HealthPartners includes more than 1,700 physicians, seven hospitals, 55 primary care clinics, 23 urgent care locations and numerous specialty practices in Minnesota and western Wisconsin. Park Nicollet, a Premier supply chain services member for more than 20 years, combined with HealthPartners in 2013.
HealthPartners chose Premier to support its holistic cost management strategy through technology-enabled supply chain and performance improvement data management services.
“Premier’s flexibility to work with the entire HealthPartners network on integrating our supply chain strategy was key to our decision to partner,” said Vini Manchanda, vice president of HealthPartners supply chain services. “In today’s accountable care environment, enterprise-wide solutions that reveal every cost driver and improvement opportunity are imperative. We look forward to applying Premier’s integrated supply chain services across all of our facilities to further improve the health of our patients in every step of the care continuum.”
HealthPartners will leverage Premier’s data-driven group purchasing services and best practices to lower supply chain costs and drive value across its organization. The health system will also access PremierConnect Supply Chain, which has been nationally recognized for its mature and intuitive cloud-based analytics. PremierConnect Supply Chain is a procure-to-pay analytics as a service suite that allows users to integrate, monitor, plan and manage supply chain and financial work streams, enabling smart enterprise-wide procurement decisions across hospitals and growing health systems.
“A leader in health improvement and clinical excellence, HealthPartners chose Premier for greater visibility into cost and spend patterns across its entire care system,” said Michael J. Alkire, COO, Premier. “We are excited to work in partnership with HealthPartners to drive down costs and improve the health of the populations they serve.”
This is HealthPartners’s first major engagement with Premier. Financial terms of the agreement were not disclosed.
About HealthPartners
Founded in 1957, HealthPartners is the largest consumer-governed, non-profit health care organization in the nation. HealthPartners serves more than 1.4 million medical and dental health plan members nationwide. The care system includes more than 1,700 physicians, seven hospitals, 55 primary care clinics, 23 urgent care locations and numerous specialty practices in Minnesota and western Wisconsin. HealthPartners Clinic, Park Nicollet Clinic, Stillwater Medical Group, Physicians Neck & Back Center and virtuwell.com are all part of HealthPartners. In addition, HealthPartners Dental Group has more than 70 dentists and 22 dental clinics. HealthPartners also provides medical education and conducts research through the HealthPartners Institute. For more information, visit healthpartners.com.
About Premier, Inc.
Premier, Inc. (NASDAQ: PINC) is a leading healthcare improvement company, uniting an alliance of approximately 3,600 U.S. hospitals and 120,000 other providers to transform healthcare. 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.
Forward-looking statements
Matters discussed in this release that are not statements of historical or current facts, such as HealthPartners’s anticipated use of Premier’s supply chain and performance services at expected levels, as discussed herein, are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of Premier to be materially different from historical results or from any future results or projections expressed or implied by such forward-looking statements. Accordingly, readers should not place undue reliance on any forward looking statements. In addition to statements that explicitly describe such risks and uncertainties, readers are urged to consider statements in the conditional or future tenses or that include terms such as “believes,” “belief,” “expects,” “estimates,” “intends,” “anticipates” or “plans” to be uncertain and forward-looking. Forward-looking statements may include comments as to Premier’s beliefs and expectations as to future events and trends affecting its business and are necessarily subject to uncertainties, many of which are outside Premier’s control. More information on potential factors that could affect Premier’s financial results is included from time to time in the “Forward Looking Statements,” “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” sections of Premier’s periodic and current filings with the SEC and available on Premier’s website at investors.premierinc.com. Forward looking statements speak only as of the date they are made. Premier undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise that occur after that date.
