Premier, Inc. named 2015/2016 Best in KLAS for Value-based Care Advisory Services

CHARLOTTE, N.C., Jan. 28, 2016 -- Premier, Inc. (NASDAQ:PINC), a leading healthcare improvement company, has earned the 2015/2016 Best in KLAS title for Value-based Care Advisory Services from KLAS, a leading research firm.

The 2015/2016 Best in KLAS: Software & Services report, published today, ranks healthcare vendors and their solutions by the professionals who use them – healthcare providers. Best in KLAS recognizes Premier’s outstanding efforts to help healthcare professionals deliver better patient care and improve population health management. Value-based Care Advisory Services is a new Best in KLAS category and Premier is the only organization to hold the annual title for leading the segment by having the broadest operational and clinical impact on healthcare organizations.

“We’re proud to be recognized as the leader in filling the emerging need for value-based care services,” said Wes Champion, senior vice president of Premier Performance Partners, Premier. “We have been working with providers for years to prepare them for the new care delivery models we see today. This recognition demonstrates that our members value our leadership, while the shared savings and quality gains they are achieving prove it’s working. There is no higher praise than being recognized by the people you serve. We thank them for trusting Premier to support them on their population health journey.”

Premier provides population health data management claims analytics, benchmarking, performance improvement solutions and dedicated experts to support the development of effective value-based care and alternative payment model capabilities.

For the past two years, KLAS has recognized Premier as having the best overall performance in providing value-based care consulting services to support population health management. Premier scores high marks for its technology-enabled assessment and strategy work, targeted guidance, customer service and expertise in helping providers succeed in a value-based care environment.

Premier has extensive experience in implementing government value-based programs and has a 100 percent success rate in helping providers apply for the Centers for Medicare & Medicaid Services (CMS) Medicare Shared Savings (MSSP) and Next Generation Accountable Care Organization (ACO) programs. Premier has also received praise for its positive relationship with CMS, evidenced through its recent announcement to create and implement a learning system for CMS’s Next Generation ACO Model.

“To operate high-functioning value-based care and risk-bearing models, healthcare providers need the right support and analytics to assess their current state, identify gaps, analyze opportunities, gain physician alignment and create clinically integrated networks,” said Joe Damore, FACHE, vice president of population health management, who leads Premier’s team of value-based care advisors. “Premier’s dedicated experts have extensive knowledge of and experience in the clinical, financial, operational and strategic components required to develop and implement effective value-based care models. We’re honored that our members have provided such positive feedback for these services.”

Premier’s value-based care experts assess reimbursement scenarios, assist organizations in making financial transformations, and build financial models based on individual market dynamics, readiness, speed of transition and new value-based payment arrangements.

In addition, Premier’s Population Health Management (PHM) (formerly PACT) Collaborative includes more than 400 hospitals and thousands of clinicians working together to enhance quality and patient engagement, lower costs, increase physician alignment, design and implement value-based care and alternative payment models, and manage population health. Each area of focus is designed to support new payment programs, including the MSSP, the Bundled Payments for Care Improvement initiative (BPCI), patient-centered medical homes (PCMHs) and clinically integrated networks. In fact, nearly half of the CMS MSSP and Pioneer ACOs in Premier’s PHM Collaborative qualified for shared savings in performance year 2014, nearly double the rate of non-Premier participants. 

About Premier, Inc.

Premier, Inc. (NASDAQ:PINC) is a leading healthcare improvement company, uniting an alliance of approximately 3,600 U.S. hospitals and 120,000 other providers to transform healthcare. 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, Foursquare and Premier’s blog for more information about the company.

CONTACT: Morgan Guthrie, Premier, Inc.; [email protected]; 704.816.4152