Academic hospital expands Premier relationship, adding enterprise-wide performance improvement services and physician practice management analytics
CHARLOTTE, N.C. (Aug. 20, 2018) — Premier Inc. (NASDAQ: PINC), a leading healthcare improvement company, has expanded its partnership with the University of Louisville Hospital (UofL Hospital), an academic teaching and research hospital, and the University of Louisville Physicians (ULP), the largest, multi-specialty physician practice in Louisville.
UofL Hospital and ULP have added operational transformation services and physician practice performance management analytics, building on their access to robust clinical and financial data and analytics from the PremierConnect®performance improvement platform.
“This extended work will further empower key decision makers from UofL Hospital and ULP with holistic, trusted data, insights and expertise,” said Leigh Anderson, President of Performance Services at Premier. “We are hyper-focused on helping them advance efficiencies and improve clinical outcomes by optimizing operational and financial performance across the organization. We look forward to continuing to support their efforts to bring cost-effective, cutting-edge care to every patient.”
As part of the agreement, UofL Hospital and ULP will engage Premier’s industry-leading consultants for expertise and tech-enabled insights to improve quality, patient and staff satisfaction, and financial performance in a total clinical and operational transformation effort.
“Each day, we strive to remain focused on our mission of providing high-value care to our community,” said Ken Marshall, Chief Executive Officer at UofL Hospital. “We believe Premier’s next-generation analytics, coupled with its seasoned experts in supply chain, workforce optimization and physician services, will support our strategy to achieve excellence in quality, cost and patient experience.”
The financial terms of the agreement were not disclosed. The partnership is not expected to materially impact Premier’s fiscal 2019 financial results.
About University of Louisville Hospital (UofL Hospital)
UofL Hospital, an academic teaching and research hospital, is at the heart of the Louisville Metro area in downtown Louisville. UofL Hospital offers a second-to-none cancer center, world-renowned trauma team and a uniquely streamlined, nationally accredited stroke center – the latest innovations in a history of world-class care. For more information visit https://uoflhospital.org/.
About University of Louisville Physicians (ULP)
ULP is the largest multi-specialty physician practice in Louisville with more than 78 sub-specialties, 110 locations, 1,200 dedicated staff professionals and more than 900 primary care and specialty physicians. The group's physicians are professors and researchers with the University of Louisville School of Medicine, teaching tomorrow’s physicians and leading research into innovative medical advancements. For more information, go to www.uoflphysicians.com.
Matters discussed in this release that are not statements of historical or current facts, such as UofL Hospital’s and UofL Physicians’s anticipated use of Premier’s performance and supply chain 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.