Healthcare / Pharmaceutical

Software applications relating to the healthcare supply chain which promote the effective management of supply chain resources.

Adventist Health Engages Premier Inc. in Strategic Supply Chain Innovation Initiative

Adventist Health Engages Premier Inc. in Strategic Supply Chain Innovation Initiative
Adventist Health, a faith-based, non-profit integrated health system serving communities on the West Coast and Hawaii, is leveraging Premier Inc.’s (NASDAQ: PINC) technology and services to undertake a major strategic supply chain optimization initiative aligned with its value-based care delivery goals.

A member of Premier for nearly 25 years, Adventist has engaged Premier’s team of industry-leading consultants to foster more effective management of its supply portfolio and reduce non-labor expenses, as well as accelerate the development of an innovative, world-class supply chain model. As part of the effort, Adventist will also be implementing service line analytics capabilities via the PremierConnect® performance improvement platform to pinpoint and prioritize opportunity areas. These new services build on and complement Adventist’s ongoing relationship with Premier in the areas of group purchasing; performance improvement collaboratives; and financial, operational and quality analytics in PremierConnect.

“Premier has been an exceptional supply chain partner as we have worked to reduce costs and drive out waste across our system,” said Bill Wing, President at Adventist Health. “We are transforming Adventist Health from the traditional fee-for-service model of care to a value-based approach. That approach creates a business model for us to invest in building healthier communities and healthier people instead of just more healthcare. To succeed in that vision, we are looking for every opportunity to reduce the cost of providing care, without compromising quality. Premier has been an integral part of helping us develop one of the top performing supply chains in the nation. We believe their expertise can help us take the necessary steps to evaluate and refine our purchased service spend. Every dollar we can save on operations creates an opportunity for us to reinvest in our mission and our communities. We look forward to seeing what we can accomplish together.”

Premier’s unique service line analytics automate the integration of supply chain and pharmaceutical spend, utilization trends and clinical outcomes information to target operational improvement opportunities with the largest return on investment while maintaining or improving quality. Coupled with Premier’s expert consulting services and years of industry experience, Adventist now has the capabilities to build a best-in-class supply chain with a decision-making infrastructure that supports its comprehensive care delivery and operational redesign strategy.

“Today’s high-value healthcare landscape demands that providers adopt a holistic approach to their financial, operational and care delivery models,” said Leigh Anderson, President of Performance Services at Premier. “Adventist has excelled in this new healthcare environment as a top performer, continuously adapting to deliver high-quality, low-cost care to its communities. We are thrilled to support them in this endeavor as they create a supply chain system that compliments their care delivery model and thrives in a value-based market.”

The financial impact of the agreement was not disclosed.