Premier Inc. Selected by CMS to Continue Improvements in Patient Safety Last Updated: January 4, 2017
Filed under:
Print Friendly, PDF & Email

Hospital Improvement Innovation Networks to continue patient safety improvement efforts started under the Partnership for Patients initiative

WASHINGTON, D.C.- Premier Inc. (NASDAQ: PINC), a leading healthcare improvement company, is one of 16 organizations selected by the Centers for Medicare & Medicaid Services (CMS) to support the next phase of the Partnership for Patients initiative. Selected as a Hospital Improvement Innovation Network (HIIN), this contract will allow Premier to continue efforts in reducing preventable hospital-acquired conditions and readmissions.

The HIIN contracts awarded build upon the collective momentum of the Hospital Engagement Networks and Quality Improvement Organizations to reduce patient harm and readmissions. This announcement is part of a broader effort to transform our healthcare system into one that works better for the American people and for the Medicare program.

“We are excited to build on our track record of success and continue to advance healthcare improvements that benefit patients and families across the nation,” said Susan DeVore, Premier’s president and CEO. “While many of our member health systems are well down this path, Premier’s HIIN will accelerate improvement efforts through high-tech, high-touch collaboration, advanced data analytics and coaching to support reliable implementation of best practices that achieve the goals of reducing preventable harm and readmissions.”

Through 2019, these HIINs will work to achieve a 20 percent decrease in overall patient harm and a 12 percent reduction in 30-day hospital readmissions as a population-based measure (readmissions per 1,000 people) from the 2014 baseline. Efforts to address health equity for Medicare beneficiaries will be central to the HIIN efforts. CMS will monitor and evaluate the activities of the HIINs to ensure that they are generating results and improving patient safety.

“We have made significant progress in keeping patients safe – an estimated 2.1 million fewer patients harmed, 87,000 lives saved, and nearly $20 billion in cost-savings from 2010 to 2014 – and we are focused on accelerating improvement efforts,” said Patrick Conway, M.D., CMS acting principal deputy administrator and chief medical officer. “The work of the HIINs will allow us to continue to improve healthcare safety across the nation and reduce readmissions at a national scale – keeping people as safe and healthy as possible.”

The Partnership for Patients model is one of the first models established in 2011 to be tested under the authority of section 1115A of the Social Security Act with the goal of reducing program expenditures while preserving or enhancing the quality of care. Since the launch of the Partnership for Patients and the work of Hospital Engagement Networks in collaboration with many other stakeholders, the vast majority of U.S. hospitals have delivered results as demonstrated by the achievement of unprecedented national reductions in harm. CMS believes that the upcoming work of the HIINs, working as part of the Quality Improvement Organization’s work to improve patient safety and the quality of care in the Medicare program, will continue the great strides made in improving care provided to beneficiaries.

In the next phase of the program, Premier’s HIIN will continue working at the regional, state, national and health system levels to develop learning opportunities and a wide array of initiatives to improve patient safety, as well as spread best practices to other providers. Premier will work with health system participants to conduct intensive training programs to teach and support hospitals in making patient care safer, provide one-on-one technical assistance, and offer advanced technology and data analytics to meet the Partnership for Patients’ quality improvement goals.

The HIIN contract begins effective September 2016, and runs through September 2018. The contract is expected to contribute to Premier’s Performance Services fiscal 2017 financial results, and has already been reflected in the company’s guidance range, issued on August 22, 2016.

For more information on the Partnership for Patients and the Hospital Improvement Innovation Networks, please visit: partnershipforpatients.cms.gov.

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.

Forward-looking statements

Matters discussed in this release that are not statements of historical or current facts, such as expected financial contribution and related impact on guidance, 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.

Contacts

Amanda Forster, Premier, Inc.   |   amanda_forster@premierinc.com   |   202.879.8004
Morgan Guthrie, Premier, Inc.   |   morgan_guthrie@premierinc.com   |   704.816.4152