VCU Health System and Premier Inc. collaboration

Nov. 5, 2019

The VCU Health System Level 1 trauma center for adult, pediatric and trauma care is collaborating with Premier Inc. healthcare improvement company to support efforts to preserve, sustain and advance VCU Health’s mission.

As a new member of Premier, VCU Health joins an alliance of health systems and will receive access to resources and solutions that enable operational excellence and organizational effectiveness. Premier will also work with VCU Health to design and implement an innovative financial strategy and roadmap focused on advancing cost management, savings and investment opportunities.

"VCU Health is committed to preserving and restoring the health of our communities through innovation in patient care, research and education,” said Stephen Kates, MD, Chairman of the Department of Orthopaedic Surgery at VCU Health. “We plan to work closely with Premier to implement supply chain and operational improvement strategies to focus our efforts on developing cost-effective services and experiences that meet the needs of our patients, providers and communities.”

VCU Health will access Premier’s supply chain services, including its group purchasing organization and advanced analytics. The health system will use PremierConnect, Premier’s cloud-based performance improvement platform, to aggregate, standardize and analyze spend and utilization data for full visibility into systemwide cost savings opportunities. VCU Health will also implement Premier’s service line analytics, which provide unique insights on pharmaceutical spend and clinical utilization trends to reduce high-cost drug utilization and improve outcomes.

“We are thrilled to have VCU Health join our growing academic membership,” said Michael J. Alkire, President of Premier. “They are a powerful melding of industry-leading experts engaged in academic excellence and service with a strong passion for quality, safety, education, research and advanced medical care. We look forward to partnering with VCU Health to further strengthen their approach to consistently attaining top level performance.”

The financial impact of the agreement was not disclosed.

Premier has the release.