Welcome to our dedicated page for Premier news (Ticker: PINC), a resource for investors and traders seeking the latest updates and insights on Premier stock.
Premier, Inc. (NASDAQ: PINC) is a leading national healthcare solutions organization based in Charlotte, North Carolina. The company collaborates with healthcare organizations to improve supply chain management, decrease healthcare costs, integrate data, and enhance the health of communities. Premier operates one of the most comprehensive databases of actionable data, best practices, and cost reduction strategies, empowering its members to collaborate efficiently and enhance quality outcomes while reducing costs.
Premier Inc.'s core business is organized into two main segments. The first is Supply Chain Services, which accounts for approximately 70% of the company's fiscal 2019 revenue. This segment provides primary supply chain services to large hospital systems and, more recently, to alternate outpatient locations as part of its expanding footprint. The second segment, Performance Services, contributes around 30% of the revenue and focuses on consulting and technology platforms offered through software-as-a-service-based subscriptions.
Among Premier's recent achievements is its partnership with LANGaware, a leader in digital cognitive and behavioral health diagnostics. This collaboration aims to leverage Premier's PINC AI™ Healthcare Database to develop novel therapeutics for neurodegenerative and behavioral health diseases. Through this partnership, Premier's PINC AI™ Applied Sciences (PAS) will utilize real-world data (RWD) to support early patient identification and evidence-based clinical decisions, ultimately improving patient outcomes and reducing healthcare costs.
Premier Inc.'s PINC AI™ technology and services platform boasts over two decades of comprehensive data, including cost, quality, and operational data from 45% of U.S. hospital discharges, 2.7 billion hospital outpatient and clinic encounters, and 177 million physician office visits. This extensive data repository provides actionable intelligence to improve outcomes, support financial performance, and enable success in new payment models.
Overall, Premier Inc. stands out in the healthcare industry by offering a combination of supply chain management, consulting services, and data-driven performance solutions that drive innovation and efficiency. The company's continued strategic partnerships and technological advancements position it as a significant player in the sector, committed to transforming patient care and improving healthcare delivery.
Premier, Inc. (NASDAQ: PINC) will report its financial results for the fiscal 2023 third quarter on May 2 at 6:30 a.m. EST. A conference call to discuss these results will follow at 8:00 a.m. EST.
Investors can access the live webcast and replay from the Investor Relations section of the company’s website. For those without internet access, the conference call can be joined via the toll-free number (833) 953-2438 for domestic participants or (412) 317-5767 for international participants.
Premier, Inc. is a leader in healthcare improvement, serving over 4,400 U.S. hospitals and around 250,000 providers.
Premier, a technology-driven healthcare improvement company listed under NASDAQ symbol PINC, will partake in a fireside chat at the Barclays Global Healthcare Conference. This event is scheduled for March 14, 2023, at 11:15 a.m. ET. Premier aims to enhance healthcare for over 4,400 U.S. hospitals and about 250,000 providers through data analytics, supply chain solutions, and consulting services. The company emphasizes innovation and collaboration within the healthcare industry to improve patient care and operational efficiency. A live audio webcast and a replay will be available on their official website.
MedSource Labs has secured a group purchasing agreement for Peripheral Intravenous Catheters (PIVC) Solutions with Premier's AscenDrive™ program. This partnership enables Premier members to access pre-negotiated pricing and terms for ClearSafe® and TrueSafe® products. The AscenDrive™ program aims to enhance purchasing efficiency and standardization among over 4,400 Premier member hospitals. The PIVC market in the U.S. is estimated to exceed $5 billion annually, with a significant percentage of acute care patients requiring peripheral IV catheters. This agreement positions MedSource Labs as a key player in improving safety and quality in this essential healthcare segment.
Premier Inc. (NASDAQ: PINC) has acquired the 100 Top Hospitals program from Merative, enhancing its PINC AI™ analytics and consulting services. This integration aims to recognize high-performing hospitals for quality and service, thereby expanding PINC AI™'s market reach. The program, which originated in 1993, will provide scorecards based on nationally recognized metrics, helping healthcare leaders improve performance and patient outcomes. Premier expects this acquisition to strengthen its brand and cement its position as a leader in healthcare quality improvement.
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