Boston Children’s Hospital Forms Strategic Partnership with Premier Inc.

Boston Children’s Hospital, one of the largest pediatric medical centers in the U.S., has partnered with Premier Inc. (NASDAQ: PINC), a leading healthcare improvement company, to foster optimal management of its supply chain portfolio.

Ranked the #1 children’s hospital in the nation by U.S. News & World Report, Boston Children’s is the primary pediatric teaching affiliate of Harvard Medical School. The hospital signed a multi-year agreement with Premier for access to its industry-leading supply chain services, including Premier’s group purchasing organization (GPO) and PremierConnect® supply chain analytics.

“Today’s healthcare environment calls for a business model that is focused on building healthier communities and better outcomes,” said Andrew Singer, Senior Director of Supply Chain Management at Boston Children’s. “We believe that Premier has the expertise and insights to help us evaluate and redefine our supply spend. We anticipate that the depth and breadth of Premier’s contract portfolio will greatly enhance our opportunities for savings. Savings achieved will allow us to reinvest in our communities to further our mission of enhancing the lives of children and their families. We look forward to seeing what we can accomplish with Premier as our trusted partner.”

Premier’s vast database and knowledge of supply chain best practices enables data-driven, evidence-based purchasing. With $60 billion in purchasing power and insights on 45 percent of U.S. hospital discharges, Premier member healthcare providers can attain best pricing while maintaining high-quality care.

“Premier and its more than 50 pediatric hospital members gladly welcome Boston Children’s to the alliance as our strategic partner in children’s healthcare improvement and innovation,” said David A. Hargraves, Senior Vice President of Supply Chain at Premier. “Premier’s insights, purchasing power, expertise and peer network are helping pediatric health systems create differentiated value for their patients. We look forward to working with Boston Children’s to design and implement a high-value supply chain system and vastly efficient care delivery model that complements the superior care they provide to their most precious patients each and every day.”

The financial impact of the agreement was not disclosed.