Premier supply chain services, PINC AI technology and Conductiv purchased services capabilities to enhance operational efficiency and financial stability across Pipeline Health’s 7 hospitals
Pipeline Health System, LLC (“Pipeline Health”), an independent network of hospitals across California, Texas and Illinois, has selected Premier Inc. , a leading technology-enabled healthcare improvement company, to drive operational excellence and margin improvement opportunities across its facilities nationwide.
Through this new agreement, which will go into effect in early 2022, Pipeline Health will have access to Premier’s supply chain services, including its group purchasing organization (GPO), supply analytics and PINC AI Margin Improvement technology to aggregate and standardize systemwide spend and utilization data, pinpoint cost savings opportunities, and strengthen and accelerate supply chain innovation enterprise wide.
PINC AI technology capabilities being leveraged include Remitra, a cloud-based procure-to-pay (P2P) platform that seamlessly automates manual payment and invoicing processes to reduce waste and save time for both healthcare providers and suppliers. Pipeline Health will also leverage Conductiv, a consolidated subsidiary of Premier, to support a scalable third-party services optimization program to help drive savings, reduce contract risk and improve internal user satisfaction. Pipeline Health will access Conductiv Contracts, a dedicated GPO for third-party services, and Conductiv’s AI-based analytics, benchmarking and negotiation technology platform with built-in subject matter expert support.
“Today, building healthier communities requires comprehensive and technology-enabled solutions to manage the vital products and resources we need to best serve our patients,” said Robert Allen, Chief Financial Officer at Pipeline Health. “Pipeline Health is committed to providing quality patient care to the communities we are privileged to serve. Our goal with Premier is to partner in ways that will help us optimize performance and drive innovation in the fulfillment of our mission.”
“We are thrilled to welcome Pipeline Health to our membership,” said Andy Brailo, Chief Customer Officer for Premier. “Premier’s comprehensive supply chain services and PINC AI technology suite will help Pipeline Health thrive in today’s and tomorrow’s healthcare environment – enabling them to streamline operations, drive performance improvement and manage supply chain costs all in one place. We are proud of this partnership with Pipeline Health and look forward to helping them achieve superior savings, drive transparency and build resiliency for the future.”
The financial terms of the collaboration were not disclosed. The collaboration is not expected to materially impact Premier’s fiscal year 2022 financial results.