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January 3, 2022

Supply Chain Resiliency And A Shift To Value Based Care: Why Premier Is Investing In Data And Technology

Published in: Forbes

Through its extensive health system membership, Premier has developed what Alkire describes as “unprecedented access to data,” such as safety data, supply data, and electronic health records (EHR) data.” With this breadth of information, accounting for 40 percent of all U.S. hospital discharges, Alkire notes that Premier has been able to optimize its performance in three areas: margin improvement, clinical intelligence and standardization, and moving health systems to value-based care.

“We have the data, technology, and health system collaborations to help develop standards, report results, and analyze outcomes,” with the goal of better controlling costs, improving quality, and more effective matching in clinical trials recruitment.

In response to Covid specifically, Alkire notes that “Premier very quickly developed a machine learning and artificial intelligence (ML/AI) solution, using its own data and Johns Hopkins’ data to better track and prepare for Covid surges” regarding its distribution approach for personal protective equipment.

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