Premier Inc. acquires Medpricer to optimize savings in purchased services

Premier Inc, recently acquired Medpricer, a provider of technology solutions that enable hospitals and other organizations to analyze, benchmark and source purchased services contracts independent of any existing group purchasing organization affiliation.  

Editor's Note: This article originally appeared on Premier's website.  

  • Medpricer technology enables purchased services savings across a total addressable acute care market of $160 billion
  • Cloud-based platform provides purchased services management technology, including pricing benchmarks, RFP templates and other supplier data
  • Acquisition enables healthcare providers to better manage third-party contracts to improve financial performance

CHARLOTTE, N.C. -- Premier Inc. (NASDAQ: PINC), a leading healthcare improvement company, has acquired Medpricer, one of the nation’s leading technology-based solutions, to optimize healthcare provider savings across purchased services contracts.

Medpricer is a software-as-a-service (SaaS) provider of technology solutions that enable hospitals and other organizations to analyze, benchmark and source purchased services contracts independent of any existing group purchasing organization (GPO) affiliation. Medpricer’s spend management platform uses machine learning to validate, compare and onboard purchased services suppliers; track and measure spend by category, supplier and facility; benchmark contracts terms to ensure competitive rates; set and manage specific savings targets; and manage contract compliance.

“In even the best run organizations, purchased services are often managed in disparate departments lacking centralized data or oversight, making them difficult to aggregate for volume-based discounts,” said Susan DeVore, Chief Executive Officer of Premier. “Getting at this largely untapped source of savings is vitally important, yet most healthcare providers are managing these contracts using home-grown solutions with a limited view across all of their contracts. Medpricer gives us a scalable technology platform and data-driven evidence designed to gain control over purchased services spend – regardless of GPO affiliation. Combined with Premier’s market-leading, categorized purchased services spend data and our sophisticated performance improvement technology suite, we believe we will be uniquely situated to become the one-stop-shop for healthcare margin improvement.” Continue Reading >> 

 

 

News from our Partner 

© Copyright ASC COMMUNICATIONS 2019. Interested in LINKING to or REPRINTING this content? View our policies by clicking here.

 

Top 40 Articles from the Past 6 Months