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) has announced a cash dividend of
Premier, Inc. (NASDAQ: PINC) has launched INsights, a self-service healthcare analytics platform that simplifies data preparation and improves clinical insights. This vendor-agnostic solution leverages PINC AI’s standardized data from over 45% of U.S. hospital discharges. Hosted on Microsoft Azure Synapse Analytics, INsights offers customizable analytics and a collaborative community for users. It aims to enhance operational efficiency without impacting the company's fiscal 2022 financial guidance. The platform is designed to be accessible for various healthcare organizations, from large systems to smaller practices.
Premier Inc. (NASDAQ: PINC) announced a partnership with OhioHealthy Plans, LLC to add approximately 43,000 health plan members to Contigo Health's BPO platform. This collaboration is aimed at providing OhioHealthy members with access to affordable healthcare through comprehensive administrative and clinical support services. Contigo Health will manage back-office claims operations and utilize its care management platform to enhance collaboration. The financial terms were undisclosed and are not expected to materially affect Premier's fiscal results for 2022.
GRAIL announced a collaboration with Premier, Inc.'s PINC AI to enhance patient access to Galleri, a multi-cancer early detection blood test. This partnership aims to integrate AI-based alerts for clinicians to identify patients at elevated cancer risk. Community Health Network will pilot these alerts. The Galleri test can detect over 50 cancer types through a single blood draw, improving early detection and treatment outcomes. GRAIL emphasizes the importance of early cancer detection to increase survival rates, as many cancers are diagnosed late when treatment options are limited.
Premier, Inc. (NASDAQ: PINC) announced participation in the 40th Annual J.P. Morgan Healthcare Conference on January 11, 2022, with a formal presentation at 4:30 p.m. EDT. The company will release its fiscal 2022 second-quarter financial results on February 1, 2022, at approximately 6:30 a.m. EDT, followed by a conference call at 8:00 a.m. EDT. Investors can access the live webcast of both events via the company’s website. Premier, Inc. focuses on healthcare improvement, connecting over 4,400 U.S. hospitals and health systems to enhance care and reduce costs.
Premier, Inc. (NASDAQ: PINC) reported its fiscal 2022 first-quarter results ending September 30, 2021. Total net revenue rose by 5% to $365.1 million compared to $346.9 million last year. The Supply Chain Services segment grew by 9%, while Performance Services revenue fell by 5%. GAAP net income decreased 23% to $121.3 million, and diluted earnings per share dropped 18% to $0.97. Adjusted EBITDA increased by 10% to $121.7 million. The company generated $55.2 million in cash flow from operations and repurchased 1.1 million shares for $42.6 million. A quarterly dividend of $0.20 per share was declared.
Premier, a technology-driven healthcare improvement company, will host its 2021 Virtual Investor Day on November 17, 2021, from 9 a.m. to 11 a.m. ET. The event will include presentations from top executives, including CEO Michael J. Alkire and other key leaders. Attendees can access the live webcast via the company’s website, starting 10 minutes before the event. A replay will be available after the broadcast. Premier connects over 4,400 hospitals in the U.S., utilizing integrated data and analytics to improve healthcare delivery and outcomes at lower costs.
Premier (NASDAQ: PINC) has partnered with Pipeline Health to enhance operational efficiency across its seven hospitals. The collaboration, effective early 2022, will utilize Premier's supply chain services and technologies, including its PINC AI™ technology, to optimize performance and identify cost savings. Pipeline Health aims to improve patient care through this partnership, with expected benefits in supply chain innovation and contract risk reduction. Financial terms were undisclosed, and this agreement is not anticipated to materially impact Premier's fiscal year 2022 results.
Premier, a technology-driven healthcare improvement company, announced a cash dividend of $0.20 per share for its Class A common stock. This dividend is payable on December 15, 2021, to shareholders who are on record by the close of business on December 1, 2021.
With over 4,400 U.S. hospitals and 225,000 healthcare providers in its alliance, Premier focuses on improving healthcare outcomes through data analytics, supply chain solutions, and consulting services.
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