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Anaheim Convention Center
December 3-7, 2023

Premier, Inc.  

Charlotte,  NC 
United States
http://www.premierinc.com
  • Booth: 1547

Premier Inc. (NASDAQ: PINC) is a leading healthcare improvement company, uniting an alliance of more than 4,350 U.S. hospitals and health systems and approximately 300,000 other providers and organizations to transform healthcare. With integrated data and analytics, collaboratives, supply chain solutions, and consulting and other services, Premier enables better care and outcomes at a lower cost. Premier 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, NC, Premier is passionate about transforming American healthcare.


  Press Releases

  • CHARLOTTE, N.C., November 14, 2023 – Premier, Inc. (NASDAQ: PINC), a leading technology-enabled healthcare improvement company, announced today it has joined the End Drug Shortages Alliance, a coalition of diverse stakeholders to address drug shortages in the United States. The Alliance provides a forum for key stakeholders to take strategic aim at one of healthcare’s more pressing and enduring issues: drug shortages that disrupt patient care. “Together with our members, Premier is working to create healthier pharmaceutical markets that ensure continuous access and prevent shortages that can compromise patient care,” said Jessica Daley, Premier’s Group Vice President of Strategic Sourcing. “The End Drug Shortages Alliance’s work aligns with that vision and provides us with another forum where we can work across the supply chain to develop solutions designed to remediate a long-standing and pervasive problem in healthcare. The End Drug Shortages Alliance was launched in late 2021 to bring together industry stakeholders, including providers, group purchasing organizations, manufacturers, distributors and other industry thought leaders and champions. Efforts will focus on improving access to medications through greater transparency across market participants, leading to improved quality manufacturing of medications and production of additional supply. For more than two decades, Premier and its members have been leaders in preventing and resolving drug shortages. Through commitment and aggregated demand, Premier’s drug shortage programs give manufacturers proper demand signaling, predictable revenue and the surety needed to ramp up and maintain production. As a result of Premier’s innovations, the company has successfully contributed to the resolution of 15 drug shortages, resulting in their removal from the FDA shortage list. In addition, Premier has focused on incenting greater domestic and diverse manufacturing in the market, making strategic investments in companies such as VGYAAN Pharmaceuticals and Exela Pharma Sciences. Combined, these investments are working to bring new sources of competition for 20 different shortage drugs and counting.   "We are grateful to have Premier, Inc. join the alliance to end drug shortages," said Eric Tichy, division chair of pharmacy supply solutions for Mayo Clinic, who serves as the Chair for the Alliance advisory board. "Collaboration among organizations strengthens our ability to improve the quality of life for patients that rely on these medications. Together, we can make a difference." About End Drug Shortages Alliance The End Drug Shortages Alliance (EDSA) is a collaboration of health systems, supply chain, and industry stakeholders including group purchasing organizations, manufacturers, distributors, and other industry thought leaders dedicated to solving the pharmaceutical supply challenges that disrupt access to essential medications in the United States. EDSA prioritizes initiatives focused on transparency, quality, redundancy, and production of additional supply to achieve undisrupted access to essential medications for health care providers and patients. Learn more at www.EndDrugShortages.com. About Premier, Inc. Premier, Inc. (NASDAQ: PINC) is a leading healthcare improvement company, uniting an alliance of more than 4,350 U.S. hospitals and health systems and approximately 300,000 other providers to transform healthcare. With integrated data and analytics, collaboratives, supply chain solutions, consulting and other services, Premier enables better care and outcomes at a lower cost. Premier 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. Contact: Public_Relations@premierinc.com
  • Company awarded top scores for quality of pay, work/life balance and organizational stability.

    CHARLOTTE, N.C., October 23, 2023 – Premier, Inc. (NASDAQ: PINC), a leading technology-enabled healthcare improvement company, was named One of the Best Companies to Work For in 2023-2024 by U.S. News & World Report, earning highest marks for quality of employee pay, work/life balance and organizational stability.

    “At Premier, our strength is in our people, who are core to the success and growth of our business,” said Michael J. Alkire, President and CEO, Premier. “Our People First culture, mission, vision and values create the framework we use to empower our employees to make a meaningful impact in communities across the nation. Our employees have tremendous passion for their work and give everything they have to ensure our members – the caregivers at the frontlines across the country – are able to deliver high quality care. That we can be recognized for creating a great work environment to accomplish that goal is icing on the cake.”

    Guided by a panel of experts, U.S. News & World Report editors conducted an in-depth, multi-source analysis of the Russell 3000 companies on six factors that are important to employee wellbeing: quality of pay and benefits; work/life balance and flexibility; job and company stability; physical and psychological comfort; belongingness and esteem; and career opportunities and professional development. The editors compared each company to its peers in one of 20 broad industry groups, awarding “Best” status only to the top 20 percent. For more information, visit Best Places to Work For.

    About Premier, Inc.

    Premier, Inc. (NASDAQ: PINC) is a leading healthcare improvement company, uniting an alliance of more than 4,350 U.S. hospitals and health systems and approximately 300,000 other providers to transform healthcare. With integrated data and analytics, collaboratives, supply chain solutions, consulting and other services, Premier enables better care and outcomes at a lower cost. Premier 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.

  • Charlotte, NC (September 21, 2023) ─ PINC AI, the technology and services brand of Premier, Inc. (NASDAQ: PINC), today announced the nation’s 100 top hospitals. The full list of recognized hospitals was published in an exclusive online article by Fortune.

    Based on the data analyzed, it is estimated that if all hospitals performed at the same level of this year’s winners, more than 227,000 additional lives could have been saved, more than 432,000 additional patients could have been complication-free and more than $15.7 billion in inpatient costs could have been saved for the 2022 study year.

    The Performance of Facilities on the 100 Top Hospitals® Program List

    To create the list, an objective, quantitative analysis of publicly available data was conducted to identify the top hospitals in the United States. The primary purpose of the PINC AI 100 Top Hospitals® program is to inspire hospital and health system leaders to pursue higher performance and deliver added value to patients and communities. The program leverages transparent, non-biased data to help inform strategies for sustained performance. Organizations do not apply to participate in the study, and award winners do not pay to market their honor.

    This year, based on comparisons between the study winners and a peer group of similar hospitals that were not winners, the analysis found that the winners of the 100 Top Hospitals® program delivered better outcomes while operating more efficiently and at a lower cost. Compared to non-winning hospitals, this year’s winners had:

    • 31percent fewer deaths than non-winning hospitals.
    • 9 percent fewer patients with complications.
    • 39 percent fewer healthcare associated infections (HAIs).
    • Nearly 20 percent lower inpatient expenses per discharge.
    • 0.5-day shorter average length of stay.
    • Better reported patient experience scores, with a top-box Hospital Consumer Assessment of Healthcare Providers and Systems (HCAHPS) score of 77 percent versus 70 percent for non-winning hospitals.

    “As hospitals continue to share the nation’s focus on changing healthcare for the better, hospitals and health systems are recognizing the importance of identifying areas within their walls for quality improvement,” said Leigh Anderson, Premier’s Chief Operating Officer and leader of PINC AI. “The transparent and nonbiased measures this study provides help leaders make informed decisions for change. In addition, the PINC AI 100 Top Hospitals® program helps to set a performance standard for hospitals across the country, creating an aspirational goal as they work to improve outcomes, advance equity and impact communities.”

    Everest Award winners

    In addition to the top hospital winners, 29 facilities received the Everest Award for setting national benchmarks for both fastest rate of improvement and highest current year performance on the 100 Top Hospitals® balanced scorecard. This award recognizes the boards, executives and medical staff leaders who developed and executed the strategies that helped drive the highest rates of improvement, resulting in the highest performance in the U.S. at the end of five years.

    “We’re very proud of the hospitals that achieved the Everest Award designation,” said Anderson. “It’s truly a testament to their leaderships’ commitment to raising the bar in quality, patient and clinician experiences and financial and operational efficiency.”

    Rankings Methodology

    The PINC AI™ 100 Top Hospitals® program focuses on short-term, acute care, non-federal U.S. hospitals that treat a broad spectrum of patients. Premier conducted the PINC AI™ 100 Top Hospitals® program study in August 2023. Researchers evaluated 2,644 short-term, acute care, non-federal U.S. hospitals and health systems. All research was based on the following public data sets: Medicare cost reports, Medicare Provider Analysis and Review (MEDPAR) data, and data from the Centers for Medicare & Medicaid Services (CMS) Care Compare website. For complete methodology details, please review the Methodology section on page 36 of the complete study here.

    Eligible hospitals are ranked for performance across 10 measurement grouping areas.

    Final rank is determined based on performance for all individual measures. Hospitals are ranked within five separate peer groups: major teaching hospitals (15 winning facilities), teaching hospitals (25 winning facilities), large community hospitals (20 winning facilities), medium community hospitals (20 winning facilities), and small community hospitals (20 winning facilities).

    Methodology for Selecting Everest Award Winners

    The methodology for Everest Award winner selections can be summarized in three main steps:

    • Selecting the annual 100 Top Hospitals® award winners using our objective methodology based on publicly available data and a balanced scorecard of performance measures using the most current data available (2021 at the time of this study).
    • Using our five-year (2017 -2021) trending methodology to select the 100 hospitals that have shown the fastest, most consistent improvement rates on the same balanced scorecard of performance measures.
    • Identifying those hospitals that ranked in the top 100 on both lists.

    Combining these methodologies yields a select group of Everest Award winners. The number of winners will vary every year, based solely on performance.

    About the PINC AI™ Platform

    PINC AI is the technology and services platform of Premier, Inc. (NASDAQ: PINC). With more than 20 years’ worth of cost, quality and operational data gleaned from 45 percent of U.S. hospital discharges, 2.7 billion hospital outpatient and clinic encounters and 177 million physician office visits, the PINC AI platform provides actionable intelligence to help improve outcomes, support improved financial performance and enable success in new, alternative payment models. PINC AI incorporates the 100 Top Hospitals ® Program that inspires hospital and health system leaders to pursue higher performance and deliver added value to their patients and communities. PINC AI offerings rely on advanced analytics to identify improvement opportunities; support award-winning Strategic Collaboratives for value-based care, maternal and infant health, workforce innovation, and health equity; and consulting services for clinical and operational design, and workflow solutions to hardwire sustainable change. The PINC AI platform is also the data engine powering Premier’s newest brands – Remitra® and Contigo Health®. With a leading network of provider organizations, the PINC AI platform accelerates ingenuity and serves as a large-scale innovation catalyst in healthcare. PINC AI offerings and capabilities can be followed on Twitter and LinkedIn.

  • Key takeaways:

    • Adverse drug events (ADEs) are a serious issue in nursing homes, with statistics showing that they lead to significant harm and cost.
    • Current medication review practices in long-term care (LTC) facilities have limitations, such as delays in conducting reviews and inconsistency in high-risk cases.
    • The integration of technology, like PINC AI™ Clinical Surveillance powered by TheraDoc®, can significantly reduce ADEs, as shown in a University of Pittsburgh study where it led to a 92 percent decrease in ADEs, highlighting its potential to improve patient safety in LTC facilities.

    Most nursing home residents use at least one or more prescription drugs, many of which increase their risk for adverse drug events (ADEs) that can result in complications or even death. Statistics show that the average nursing home containing 105 beds has up to 135 ADEs each year. That’s about 2 million annual events nationwide.[1]

    ADEs include bleeding, hypoglycemia, mental status changes and acute kidney failure. The cost of these events is an estimated 93,000 lives lost and more than $4 billion wasted each year. However, multiple studies have shown that 66 percent of these ADEs are preventable. [2]

    Existing Regulations

    To combat this problem, a multifaceted approach is needed, involving additional research and fundamental changes in health policy and education. Government agencies and individual long-term care (LTC) facilities have taken steps to reduce ADEs in nursing homes. For instance, regulations now mandate consultant pharmacists (CPs) to perform a medication regimen review (MRR) for each resident every month as part of their standard care.

    However, standard care has many limitations, including:

    • MRRs typically happen only after a resident has been in the home for several weeks already, thereby losing the opportunity for prevention.
    • Pharmacists are usually not involved with residents at admission, so they can’t perform a reconciliation at the transition of care.
    • For residents who stay less than 30 days, the MRR often doesn’t occur until after discharge.

    Advancements in technology, such as PINC AI™ Clinical Surveillance tools, accelerate the MRR process and offer promising ways to enhance resident safety.

    The Role of Clinical Surveillance Technology

    The PINC AI™ Clinical Surveillance solution, powered by TheraDoc, notifies CPs about resident admissions or readmissions, summarizes medication and clinical profiles, conducts ongoing monitoring to prevent and detect ADEs, and documents pharmacist interventions. This monitoring involves pre-developed and customizable clinical surveillance alerts delivered to CPs in real time. These alerts are actionable, indicating the resident is still present in the nursing home and the medication is associated with the alert.

    PINC AI™ Clinical Surveillance in Action

    A recent study [3] by the University of Pittsburgh research team examined the impact of pharmacist-led telemedicine services, supported by the PINC AI™ Clinical Surveillance technology, on LTC facility residents. The study involved 2,127 residents across four nursing homes, with some receiving proactive medication reviews and telemedicine interventions, while others received standard care.

    Pharmacists utilized PINC AI™ Clinical Surveillance to monitor medication and clinical profiles, resulting in a significant 92 percent reduction in ADEs specific to alerts in the intervention group compared to standard care. This study showcases the success of integrating PINC AI™ Clinical Surveillance technology in LTC, enabling early ADE detection and improved patient safety.

    Final Thoughts

    Despite the heightened risk of ADEs in LTC residents, this study demonstrates that improvement is attainable. LTC facilities should consider adopting PINC AI™ Clinical Surveillance technology to address pharmaceutical challenges in high-risk patients and significantly reduce ADEs, ultimately saving lives and reducing healthcare costs.

    For more on this topic:

    • Learn more about PINC AITM Clinical Surveillance solution and services.

    Citations:

    [1] Gurwtiz JH t al. J Am Geriatri Soc. 2008;56:2225; Handler SM et al. Am J Geriatr Pharmacother. 2006;4:264

    [2] National Action Plan for ADE Prevention | Health.gov. (n.d.). https://health.gov/about-odphp/previous-initiatives/national-ade-action-plan

    [3] Kane‐Gill, S. L., Wong, A., Culley, C. M., Perera, S., Reynolds, M., Handler, S. M., Kellum, J. A., Aspinall, M. B., Pellett, M. E., Long, K., Nace, D. A., & Boyce, R. D. (2020). Transforming the medication regimen review process using telemedicine to prevent adverse events. Journal of the American Geriatrics Society69(2), 530–538. https://doi.org/10.1111/jgs.16...


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  • Together with our valued members and stakeholders across the supply chain, Premier has been a long-time leader in addressing supply chain challenges and drug shortages.

    Recently, the Premier team, member health systems, and government and community leaders had the opportunity to see first-hand our innovative strategies in action.

    The group visited  Exela® Pharma Sciences’ Lenoir, NC headquarters and state-of-the-art manufacturing facility that’s helping to support domestic production, prevent and alleviate drug shortages, and enhance supply chain resiliency for critical pharmaceuticals – while boosting economic development and creating jobs on U.S. soil.

    Through an innovative model, Premier and our members’ investment in Exela (and other domestic producers) and provide up-front capital, aggregated demand and buying commitments vital for manufacturers to increase drug supply, invest in redundancies, enter or re-enter markets and explore new therapeutic categories for innovation.

    The Exela investment:

    • Gives providers access to 20+high-quality, U.S.-made pharmaceutical products and safety stock.
    • Includes several generic injectables that frequently appear on the U.S. Food and Drug Administration (FDA) drug shortage list, as well as 503B pharmaceutical products made by Exela.
    • Gave Exela much-needed capital to  invest in domestic production and  drive innovations to bolster supply.
    • Creates a partnership where providers have a seat at the table to share insights into the drugs needed most to care for patients.

    The Exela initiative builds on Premier’s commitment to provide the industry with concrete solutions that help create healthier pharmaceutical markets and provide greater access to life-saving products.

    • Since 2020, Premier programs have successfully resolved  15 drug shortages, resulting in their official delisting from the FDA shortage list at this time.
    • We’ve also contracted with an additional 29 suppliers for generic injectables — suppliers that were not in the injectables market in 2012, adding much-needed competition to these therapeutic categories.
    • Premier’s  own distribution channel dynamically allocates products based on clinical need, rather than by purchase history, as other distributors traditionally do.
    • Leveraging artificial intelligence (AI) and machine learning to mine robust data, Premier provides early communication to both our members and government stakeholders on potential or impending product shortages.
    • And Premier continues to offer Congress, the FDA and other government stakeholders policy recommendations and solutions to eliminate drug shortages.

    With added diversity, domestic investments and capacity, greater supply chain visibility and a collaborative approach – we can take steps now to ensure greater preparedness, protect patients and healthcare workers and insulate us from drug shortages in the future.

    Learn more about our investments in the domestic production of pharmaceuticalsface masksglovesgowns and incontinence products.