AllSpire Health Partners Selects Premier, Inc. as its National GPO
Premier, Inc. (NASDAQ: PINC) has been chosen by AllSpire Health GPO, as its primary national GPO, supporting over $3.5 billion in annual GPO purchasing volume. The partnership will cover 54 acute care hospitals with more than 12,200 licensed acute beds. Premier will provide supply chain management services, performance improvement technology, and a procure-to-pay platform to AllSpire members.
The collaboration aims to drive operational efficiency, supply chain innovation, and value for AllSpire members. Premier will leverage its scale and data to evaluate products and services, supporting the development of a best-in-class contract portfolio. The anticipated GPO go-live date is January 2025, with the financial impact undisclosed.
Premier, Inc. (NASDAQ: PINC) è stata scelta da AllSpire Health GPO come suo principale GPO nazionale, supportando oltre 3,5 miliardi di dollari in volume di acquisti annuali GPO. La partnership coprirà 54 ospedali di cura acuta con più di 12.200 letti acuti autorizzati. Premier fornirà servizi di gestione della catena di approvvigionamento, tecnologia per il miglioramento delle prestazioni e una piattaforma procure-to-pay ai membri di AllSpire.
La collaborazione mira a promuovere efficienza operativa, innovazione nella catena di approvvigionamento e valore per i membri di AllSpire. Premier sfrutterà le proprie dimensioni e i dati per valutare prodotti e servizi, supportando lo sviluppo di un portafoglio contrattuale di eccellenza. La data prevista di attivazione del GPO è gennaio 2025, con l'impatto finanziario non divulgato.
Premier, Inc. (NASDAQ: PINC) ha sido elegida por AllSpire Health GPO como su GPO nacional principal, apoyando más de 3,5 mil millones de dólares en volumen de compras anuales de GPO. La asociación cubrirá 54 hospitales de cuidados agudos con más de 12,200 camas agudas licenciadas. Premier proporcionará servicios de gestión de la cadena de suministro, tecnología de mejora del rendimiento y una plataforma procure-to-pay a los miembros de AllSpire.
La colaboración tiene como objetivo impulsar la eficiencia operativa, la innovación en la cadena de suministro y el valor para los miembros de AllSpire. Premier aprovechará su escala y datos para evaluar productos y servicios, apoyando el desarrollo de un portafolio de contratos de primera clase. La fecha de inicio anticipada del GPO es enero de 2025, y el impacto financiero no ha sido revelado.
프리미어 주식회사 (NASDAQ: PINC)가 AllSpire Health GPO에 의해 주요 국가 GPO로 선정되어 연간 35억 달러 이상의 GPO 구매량을 지원합니다. 이 파트너십은 54개의 급성 치료 병원과 12,200개 이상의 허가된 급성 침대를 포함합니다. 프리미어는 AllSpire 회원에게 공급망 관리 서비스, 성과 향상 기술, procur-to-pay 플랫폼을 제공합니다.
이 협업의 목표는 AllSpire 회원을 위한 운영 효율성, 공급망 혁신 및 가치를 촉진하는 것입니다. 프리미어는 자사 규모와 데이터를 활용하여 제품과 서비스를 평가하고, 최고의 계약 포트폴리오 개발을 지원합니다. 예상 GPO 시작일은 2025년 1월이며, 재무 영향은 공개되지 않았습니다.
Premier, Inc. (NASDAQ: PINC) a été choisie par AllSpire Health GPO comme son GPO national principal, soutenant plus de 3,5 milliards de dollars en volume d'achats GPO annuels. Le partenariat couvrira 54 hôpitaux de soins aigus avec plus de 12 200 lits aiguës licenciés. Premier fournira des services de gestion de la chaîne d'approvisionnement, une technologie d'amélioration des performances et une plateforme procure-to-pay aux membres d'AllSpire.
La collaboration vise à favoriser l'efficacité opérationnelle, l'innovation de la chaîne d'approvisionnement et la valeur pour les membres d'AllSpire. Premier s'appuiera sur son échelle et ses données pour évaluer les produits et services, soutenant le développement d'un portefeuille de contrats de premier ordre. La date de mise en œuvre prévue du GPO est janvier 2025, avec des impacts financiers non divulgués.
Premier, Inc. (NASDAQ: PINC) wurde von AllSpire Health GPO als ihr primärer nationaler GPO ausgewählt und unterstützt über 3,5 Milliarden Dollar an jährlichem GPO Einkaufsvolumen. Die Partnerschaft umfasst 54 Akuthospitäler mit mehr als 12.200 lizenzierten Akutbetten. Premier wird den Mitgliedern von AllSpire Dienstleistungen im Bereich Supply Chain Management, Technologie zur Leistungsverbesserung und eine Procure-to-Pay-Plattform anbieten.
Die Zusammenarbeit zielt darauf ab, die Betriebseffizienz, Innovation in der Lieferkette und Wert für die Mitglieder von AllSpire voranzutreiben. Premier wird seine Größe und Daten nutzen, um Produkte und Dienstleistungen zu bewerten und die Entwicklung eines erstklassigen Vertragsportfolios zu unterstützen. Das geplante GPO-Startdatum ist Januar 2025, wobei die finanziellen Auswirkungen nicht bekannt gegeben wurden.
- Selected as primary national GPO for AllSpire Health GPO, supporting $3.5 billion in annual purchasing volume
- Partnership covers 54 acute care hospitals with over 12,200 licensed acute beds
- Expansion of Premier's GPO membership and market presence
- Opportunity to provide additional services such as performance improvement technology and procure-to-pay platform
- None.
Insights
This partnership between Premier and AllSpire Health GPO represents a significant business development for Premier (NASDAQ: PINC). With AllSpire's
While specific financial details weren't disclosed, the partnership's scale implies a positive impact on Premier's future earnings. Investors should monitor Premier's upcoming financial reports for potential revenue growth and margin improvements. The agreement also strengthens Premier's competitive position in the GPO market, potentially leading to increased shareholder value over time.
Premier's selection by AllSpire highlights the growing importance of technology-driven solutions in healthcare supply chain management. The partnership leverages Premier's AI-enabled technology suite, including performance improvement and procure-to-pay (P2P) platforms. These tools are important for operational efficiency and cost reduction in healthcare systems.
The focus on data-driven insights and automation indicates a shift towards more sophisticated supply chain management in healthcare. This trend could drive further innovation and investment in healthcare technology companies. Investors should consider the long-term growth potential of firms developing AI and automation solutions for healthcare operations, as this sector is likely to see increased demand and adoption.
This partnership reflects the ongoing consolidation and collaboration trends in the healthcare industry. AllSpire, representing 54 acute care hospitals with over 12,200 licensed acute beds, gains access to Premier's national contract portfolio and expertise. This move aims to enhance purchasing power and operational efficiency, which is important in the face of rising healthcare costs and regulatory pressures.
The deal also underscores the importance of regional customization in healthcare supply chains, as Premier will support AllSpire's regional contract portfolio. This hybrid approach of national scale with regional flexibility could become a model for future GPO partnerships. Investors should watch for similar collaborations in the healthcare sector, as they can significantly impact market dynamics and company performances.
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Partnership to support more than
$3.5 billion - Premier supply chain services and performance improvement technology to enable operational efficiency, supply chain innovation and value for AllSpire members.
Premier will leverage its scale and actionable data to evaluate products and services – and support the continued development of a best-in-class contract portfolio to drive efficiencies, economic success and high-quality patient care for AllSpire Health GPO members, their patients and the communities they serve.
Under terms of the agreement, AllSpire Health GPO members that comprise 54 acute care hospitals with more than 12,200 licensed acute beds will be Premier GPO members and fully utilize Premier's national contract portfolio. Premier will further support the development of AllSpire’s regional contract portfolio for categories where local market dynamics drive optimal value and service.
“AllSpire’s mission is to enable each member system to thrive in a dynamic environment and continuously enhance the quality, efficiency and scope of care we deliver to our patients and communities,” said Brian Gragnolati, Chair of the AllSpire Health Partners Executive Committee, and President and CEO of Atlantic Health System. “Premier’s combination of market leading, competitive contracts, automation technologies and data-driven insights make them an ideal strategic partner for supporting supply chain excellence and delivering optimal value to our members and our communities.”
In addition to Premier’s supply chain management services, AllSpire members will have access to Premier’s performance improvement technology to aggregate and standardize member spend and utilization data, as well as Premier’s procure-to-pay (P2P) platform that seamlessly automates manual payment and invoicing processes to reduce waste and save time for both healthcare providers and suppliers. In addition, AllSpire members will leverage dedicated Premier sourcing and contracting experts to pinpoint cost savings opportunities and accelerate supply chain innovation across their organizations.
“We are thrilled to welcome AllSpire Health GPO and its members to the Premier GPO membership,” said Andy Brailo, Chief Commercial Officer of Premier. “Premier’s comprehensive supply chain management services and AI-enabled technology suite will help AllSpire members thrive in today’s and tomorrow’s healthcare environment – enabling them to streamline operations, drive performance improvement and manage supply chain costs all in one place. Premier prides itself on our ability to co-innovate with members and this partnership speaks volumes of the confidence we’ve built and the real-world results we can deliver.”
The anticipated GPO go-live date for the Premier-AllSpire partnership is January 2025. The financial impact of the agreement was not disclosed.
Forward-Looking Statements
Statements made in this release that are not statements of historical or current facts, including but not limited to those related to Premier’s ability to advance its long-term strategies and develop innovations for, transform, and improve healthcare, and the intended or expected performance or utility of Premier’s and PINC AI’s products and services, 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 actual results, performance or achievements to be materially different from historical results or from any future performance or achievements expressed or implied by such forward-looking statements. Accordingly, readers should not place undue reliance on any forward-looking statements. 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 risks and uncertainties, many of which are outside Premier’s control. More information on risks and uncertainties relating to Premier and its products and services is included from time to time in the “Cautionary Note Regarding 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, which are also made available on Premier’s website at investors.premierinc.com. Forward-looking statements speak only as of the date they are made, and Premier undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information or future events that occur after that date, or otherwise.
About AllSpire Health GPO
Founded in 2016, AllSpire Health GPO, LLC is a collaborative, regional group purchasing organization utilizing innovative analytics, as well as product and purchased service standardization, as a platform to escalate the improvement of clinical outcomes, enable greater access to affordable healthcare, ensure economic sustainability, and enhance patient, physician, and clinician satisfaction among its members. AllSpire Health GPO delivers value via the development and execution of clinical and service line improvement initiatives across the care continuum. For additional information visit www.allspiregpo.org or follow us on LinkedIn.
About Premier, Inc.
Premier, Inc. (NASDAQ: PINC) is a leading healthcare improvement company, uniting an alliance of more than 4,350
View source version on businesswire.com: https://www.businesswire.com/news/home/20240819433053/en/
Premier Media Contact:
Noah Zachary, Senior Director, Public Relations
m: 917.848.2694
e: noah_zachary@premierinc.com
AllSpire Health Media Contact:
Gwen Swift
m: 484.532.5832
e: gwen.swift@allspire.org
Source: Premier, Inc.
FAQ
What is the value of the annual GPO purchasing volume Premier will support for AllSpire?
How many hospitals and beds are included in the Premier-AllSpire partnership?
When is the anticipated GPO go-live date for the Premier-AllSpire partnership?
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