Data Can Help Identify True Innovation

October 28, 2016 Courtney Tobe

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.

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