The University of Texas System Chooses Premier Healthcare Alliance to Help Align Purchasing Processes, Collectively Enhance Care
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The University of Texas (UT) System, one of the nation’s largest systems of public higher education, has selected the to help enhance its existing supply chain infrastructure, which is designed to reduce costs, improve service and prepare for the future.
UT System’s six health institutions and nine academic universities will have the opportunity to access the scale of Premier’s network, which generates nearly $5 billion in savings each year by aligning supply chain management with quality improvement.
Working with Premier over the past five years, UT MD Anderson Cancer Center and UT Southwestern Medical Center have saved more than $90 million. And UT Medical Branch at Galveston immediately saved $1.2 million by joining Premier as an owner this year.
The 15 institutions that comprise UT System are served by the UT System Supply Chain Alliance, which facilitates group purchasing to leverage the institutions' collective size and strength. Premier and the UT System Supply Chain Alliance plan to work together to further drive supply chain savings in support of the institutions' core missions of education, patient care and research.
Premier Chief Operating Officer Mike Alkire said, “Today providers face structural challenges related to misaligned relationships, lack of information sharing and waste. The UT System is taking a unique approach to transforming healthcare amidst these challenges. They are a key addition to Premier as we work together to improve quality and outcomes, and control costs.”
Additional UT System institutions are:
With 2,800 – or nearly half – of the country’s acute care hospitals and 93,000 non-acute care sites, Premier focuses the power of collaboration at a national scale. Premier members make up the most prevalent aggregation of , uniting providers to deliver the highest quality and most cost-effective care to patients.
The scope of intelligence within Premier enables data-driven, evidence-based decisions that save lives, remove waste and help coordinate care delivery. Complementing its purchasing efforts, UT System institutions that join Premier can use ™ to examine spend data, identify savings opportunities and disseminate best practices. PremierConnect is an integrated technology platform and social networking community with the nation’s largest outcomes database. It contains information on 1 in 4 U.S. hospital discharges, from 2.5 million real-time clinical transactions daily and more than $40 billion in annual purchases.
Premier is the nation’s largest performance improvement alliance of more than 2,800 U.S. hospitals and 90,000 other sites using the power of collaboration and technology to lead the transformation to coordinated, high-quality, cost-effective care. Owned by healthcare providers, Premier operates a leading purchasing network with nearly $5 billion in annual savings. Premier also maintains clinical, financial and outcomes databases based on 1 in every 4 patient discharges. A world leader in measurably improving patient care, Premier has the largest performance improvement collaboratives in America, including one in partnership with the Centers for Medicare & Medicaid Services. Headquartered in Charlotte, N.C., Premier also has an office in Washington. . Stay connected with Premier on , and .