Premier investing $86M to predict health reform's impact on hospitals

Predicting how reform will impact hospitals nationwide is, if nothing else, a daunting task. Charlotte, N.C.-based Premier Inc., a quality improvement and group purchasing organization, believes it has the tools and experience to pull it off, and is ponying up $86 million of its own money between now and 2013 to back up that assertion.

Premier, which currently analyzes discharge information from 600 nonprofit hospitals, will expand its patient level data collection activities to gather more data. Keith Figoli, Premier's SVP of Healthcare Informatics notes that "using our data and collaborative capabilities, hospitals can compare their performance in specific areas, find opportunities for improvement and track the results of their efforts."

Figoli also expects the new data initiative will help providers to see the relationships between measures like safety, productivity, utilization, supply chain efficiency and reimbursement.

This new strategic plan goes beyond just collaboration and analytics as ways to measure and control costs, quality and safety, says  Susan DeVore, Premier president and CEO. In her opinion, the company is "making this investment in infrastructure and business intelligence on [Premier member's] behalf to ensure they can survive and thrive under healthcare reform."

But will it actually pay off (both for Premier and its member hospitals)? Only time will tell.

To learn more:
- read this Premier release
- check out this synopsis in Health Data Management

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