The Journal of Healthcare Contracting: Mike Alkire: One of the main ways that the evaluation has evolved is through improved access to clinical outcomes data. Premier has access to clinical, financial and operations data on approximately 40 percent of all U.S. discharges, giving us a more holistic look at total costs. Using this information, we can do more than just negotiate a lower price per unit; we can evaluate which products perform the best in terms of patient outcomes, and help our members use the product correctly, thereby eliminating inefficiencies. As we like to say at Premier, the best price is to pay no price – to not use any supply or conduct any procedure that isn’t proven to improve outcomes and reduce total costs.
Top 10 Steps Toward Physician Practice Optimization
Physicians who once operated sustainable private practices are losing up to $200,000 or more per year as em...
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Premier’s Roadmap for a Healthier Drug Market
Our nation's healthcare system has experienced an alarming increase in drug prices for a range of products vital to patient care.
High-Value Implant Advisory Services Helps Edward-Elmhurst Health Save $506K in Six Months
Cost reduction efforts at Edward-Elmhurst Health became critical when leaders found they needed to address the spiraling costs of PPI spending.
SPOTLIGHT: Margin of Excellence – Blood Utilization
A new Premier benchmarking report finds hospitals are making significant strides to optimize blood use.
Repeal and Replace: Managing the Uncertainty
The replacement of the Affordable Care Act (ACA) began last week with Republican lawmakers releasing their first proposal for a reconciliation package – the American Health Care Act.
Data in the Clouds: Enterprise Resource Planning
Many providers are looking to enterprise resource planning solutions to both improve efficiencies and reduce costs in this new era of healthcare.
Value Analysis Process: Why Each Step Counts
In today’s value-based healthcare landscape, transparency, managing and evaluating patient outcomes, financial performance and operational efficiency is becoming more and more important. But...
9 Ways to Prepare Clinicians for MIPS in 2017
CMS estimates that more than 90 percent of eligible clinicians will be in the Merit-based Incentive Payment System in 2017. Eligible clinicians can use this roadmap to navigate MACRA.
MACRA and the Giant Move into Value-Based Payment
Hospitals and physicians need to take immediate steps to prepare for the QPP’s 2017 launch to ensure the best possible payment scenario. But it’s also important to understand the big-picture impact.
KLAS Finds Premier Has Highest Overall Performance in Healthcare Management Consulting
KLAS, an independent healthcare research firm, published a December 2016 report on the market for healthcare management consulting where they found Premier has highest overall performance.
Healthcare Has Been Changing Fast. Here's Where It's Likely To Go Under Trump
Health care in the United States has gone through major changes during the Obama administration. President-elect Donald Trump and Republicans in Congress will soon have the power to flip all that.
Some Health Reforms Are Here to Stay – But Which Ones?
The move to higher value care may help hospitals offset Medicare cuts.
3 Action Items to Thrive in Value-Based Care
While we wait for the dust to settle from the presidential election, there is much uncertainty. However, we believe the movement away from pay-for-volume to pay-for-value will continue. Read more.
Will Value-Based Payment Initiatives Continue Under Trump?
President-elect Donald Trump's promise to dismantle the Affordable Care Act is unlikely to also undo widespread efforts to nudge the U.S. healthcare system toward value-based payment. Read more.
Top 10 Steps Toward Physician Practice Optimization
Physicians who once operated sustainable private practices are losing up to $200,000 or more per year as employed health system providers in the same community. What has changed for these providers?
Five Things You Should Know About MACRA
MACRA, MIPS, APMs, QPP…it certainly can be an alphabet soup! You have probably heard some of these acronyms before, but do you know what they mean for the future of healthcare?
Merged Systems Struggle to Integrate Back-End Software
As merged providers integrate employees, facilities and technology, experts say many are neglecting the need to align crucial back-end software that manages finances, supply chain and human resources.
9 Ways to Improve Healthcare Policy for Better Cost Reduction, Innovation
While alternative payment models have made significant progress, challenges remain, particularly with exits from ACOs, and several key recommendations could help leaders improve care policy.
Advisor Live: Proposed Episode Payment Models for AMI, CABG, and Hip and Femur Fractures
On July 25, 2016, CMS released a proposed rule to establish three new bundled payment policies for AMI, CABG and SHFFT. Collectively, the models are referred to as Episode Payment Models (EPMs).
Three Tips for How to Turn Accountability Into Action for Improvement
How can you cut costs while improving quality? That’s a common challenge for today’s health system finance departments. And now with declining reimbursements, evolving payment and care delivery...
Growing Hospital Systems Stretch Supply Chains