The University of Virginia Health System (UVA) has signed a multi-year agreement with Premier Inc. (NASDAQ: PINC), a leading healthcare improvement company, to access total cost and quality management services, and integrated data and analytics to improve performance across its organization.
“UVA is a world-class academic healthcare institution whose mission aligns with Premier’s goals of improving care and reducing costs,” said Susan DeVore, president and CEO of Premier. “As a leading provider of technologically-advanced, groundbreaking care, we aim to support and enhance UVA’s status as a leading healthcare provider of choice.”
Ranked among the nation’s top hospitals, UVA has partnered with Premier to use a bundled enterprise-wide performance improvement and supply chain service offering, which includes group purchasing services, as well as robust data and analytics from the PremierConnect® performance improvement platform. PremierConnect integrates clinical, financial and outcomes information, enabling providers to view care delivery utilization and variation, compare effectiveness, prioritize areas of improvement, and project performance on value-based payment models across the continuum. UVA will also engage Premier’s industry-leading consultants to improve quality, reduce care delivery costs, and drive and sustain efficiencies across its organization.
“Our work with Premier will strengthen our mission of providing excellent, innovative and superlative quality care to our patients,” said Richard P. Shannon, MD, executive vice president of health affairs at UVA.
UVA 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.
Andrew Ziskind, MD, senior vice president of academic health system strategy at Premier, said, “Academic health systems are grounded in their commitment to research, teaching, clinical care and service to their communities. As these institutions undergo a transformation to excel in value-based care and population health management, they need the right data, analytics and solutions. Premier’s extensive experience, robust work with healthcare stakeholders, integrated technology assets and reputation are unmatched in helping academic health systems improve quality, reduce care delivery costs and succeed in alternative payment models.”
The financial terms of the enterprise-wide agreement were not disclosed. The partnership is not expected to materially impact Premier’s fiscal 2018 financial results.
