Academic health system builds on Premier® partnership to rapidly drive efficiencies across its teaching hospital and network of outpatient healthcare centers
CHARLOTTE, N.C. — Premier Inc. (NASDAQ: PINC), a leading healthcare improvement company, is implementing its enterprise resource planning (ERP) solution, as well as its cost accounting/patient analytics and budgeting/forecasting offerings at University Health System in San Antonio, Texas.
A nationally-recognized teaching hospital and network of outpatient healthcare centers, University Health System is expanding its engagement with Premier due to its unique ability to quickly automate and standardize financial and operational processes, and improve performance. Premier’s ERP system is designed specifically for healthcare providers and combines industry-leading supply chain and financial capabilities with robust analytics and data.
“We are always looking for ways to improve our excellent patient care,” said Reed Hurley, Executive Vice President and Chief Financial Officer at University Health System. “Premier’s focus on cost and quality, accelerated implementation as well as its expertise will allow us to streamline workflows, identify opportunities for greater efficiencies and take immediate action. We look forward to continuing our work with Premier.”
Premier’s ERP solution is accessed through PremierConnect®, allowing University Health System to access a robust data and analytics platform to better support their integration and standardization goals. The cloud-based solution is designed for healthcare’s unique processes, data and direct impact on patient care so that health systems are able to realize value quickly.
“We have been working with University Health System to improve quality and costs across its system and are excited to take our relationship to the next level,” said Leigh Anderson, President of Performance Services at Premier. “ERP technologies that digitize and automate internal processes have been around for decades. However, next-generation technologies like Premier’s provide a holistic, intuitive and intelligent experience that empowers providers to more proactively and precisely control costs.”
University Health System is a member of America’s Essential Hospitals, which represents more than 300 hospitals dedicated to caring for the vulnerable and training the nation’s healthcare workforce. Premier has an exclusive partnership with America’s Essential Hospitals to drive new advances in care quality, costs and population health at essential hospitals.
The financial terms of the agreement were not disclosed.
Matters discussed in this release that are not statements of historical or current facts, such as University Health System’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.
About University Health System
University Health System is a nationally recognized teaching hospital and comprehensive network of outpatient healthcare centers throughout San Antonio, Texas. University Health System, marking more than 100 years of service, is proudly owned by the people of Bexar County and partnered with UT Health San Antonio. As South Texas’ only academic medical center, University Health System patients benefit from the latest technologies and advanced treatment options for even the most complex illnesses and injuries. Learn more at UniversityHealthSystem.com.