Illinois-based health system partners with Premier to build next-generation supply chain capabilities that support higher-value care, as well as better outcomes and patient experiences
FOR IMMEDIATE RELEASE: CHARLOTTE, N.C. — OSF HealthCare, an integrated health system of Peoria, Illinois, has partnered with Premier, Inc. (NASDAQ: PINC), a leading healthcare improvement company, to build a next-generation supply chain that accelerates the integration of health services system-wide, supporting its transition to population health management.
Owned and operated by The Sisters of the Third Order of St. Francis, OSF HealthCare is an 11-hospital system with nearly 700 primary care and specialist physicians, and nearly 300 advanced practice providers supporting 100 physician office sites, two colleges of nursing and a robust network of affiliates. A recognized leader in population health management, OSF has been named one of the nation’s Most Wired health systems for the past four years. The health system provides state-of-the-art care to nearly three million people across Illinois and Michigan.
By selecting Premier, OSF HealthCare will provide integrated and technology-enabled supply chain solutions across its facilities and affiliates to further drive cost and quality efficiencies, and advances in population health.
“OSF HealthCare is committed to transitioning into a fully-integrated, connected and coordinated network of care where our hospitals, outpatient and home care providers, physicians, affiliates and post-acute care partners work collaboratively to improve the health and well-being of the people we serve,” said Kevin Schoeplein, CEO, OSF Healthcare System. “We believe Premier is strategically and culturally aligned with our Mission and Vision, and offers integrated insights and solutions that will help us best serve and care for our communities.”
Specifically, OSF HealthCare signed a five-year agreement with Premier to access its supply chain and performance services, including Premier’s group purchasing organization, which aggregates data, purchasing and best practices to improve efficiency and reduce costs. OSF will also join Premier’s ASCEND® supply chain collaborative to further leverage the benefits of group purchasing, as well as benchmarking and best practice sharing with peers.
“Our transformation to population health demands an advanced, data-driven and clinically integrated supply chain that extends well beyond the four walls of a hospital,” said John Horne, senior vice president, chief supply chain officer, OSF HealthCare. “During an extensive due diligence process, Premier clearly demonstrated its innovative supply chain offerings and the collaborative power of its alliance, including the co-development of solutions with peers. With Premier as our partner, we believe OSF HealthCare and our strong network of affiliated providers will be better equipped to deliver higher-value care, as well as better outcomes and patient experiences.”
In addition, OSF HealthCare will implement PremierConnect® Supply Chain, an integrated, cloud-based procure-to-pay analytics suite, to easily measure supply chain and operational performance, including purchased services and capital spend, across its entire delivery system. The solution will synchronize data from hospitals, alternate sites and affiliates to lower cost, augment operations and improve operational efficiencies across OSF HealthCare’s clinically integrated network. OSF HealthCare providers and its network of affiliates will also have access to PremierConnect private communities for real-time information and knowledge sharing within the OSF HealthCare network, as well as the entire Premier alliance.
“OSF HealthCare is a leading innovator and operates a very successful Pioneer Accountable Care Organization,” said Susan DeVore, president and CEO, Premier. “In today’s environment integrated health systems need a complete view into all practices and the ability to easily communicate across their physicians and alternate care sites. We are thrilled to welcome OSF HealthCare to Premier’s alliance and become their partner in further advancing care quality and efficiency.”
This is OSF HealthCare’s first major engagement with Premier. The financial terms of the agreement were not disclosed.
About Premier Inc.Premier Inc. (NASDAQ: PINC) is a leading healthcare improvement company, uniting an alliance of approximately 3,750 U.S. hospitals and more than 130,000 other provider organizations. 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.
Matters discussed in this release that are not statements of historical or current facts, such as OSF HealthCare’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.