U.S. Markets close in 3 hrs 16 mins

Howard University Hospital Becomes Newest Academic Health System Member of Premier Inc.

CHARLOTTE, N.C.--(BUSINESS WIRE)--

Howard University Hospital (HUH), one of the most comprehensive healthcare facilities in the Washington, D.C. metropolitan area, has chosen Premier Inc. (PINC), a leading healthcare improvement company, to support its total cost management and quality improvement efforts using a suite of supply chain and performance improvement solutions, analytics and consulting services.

HUH is the nation’s only teaching hospital located on the campus of a historically Black university. As a new Premier member, HUH and Howard University will leverage Premier’s group purchasing organization to improve efficiencies and lower operating costs. HUH will use advanced cloud-based analytics in the PremierConnect® performance improvement platform to aggregate, standardize and analyze spend and utilization data, delivering full visibility into system-wide cost savings opportunities.

“We are excited to be working with Premier to further our mission to provide exemplary education, service, and research that promotes patient-centered, collaborative care within the communities we serve,” said James A. Diegel, FACHE, chief executive officer, HUH. “Premier’s ability to create a tailored strategy that meets the specific needs of Howard was a key differentiator. We look forward to a valuable partnership that drives timely, evidence-based decisions that improve the quality and cost-effectiveness of care.”

Additionally, Premier’s industry-leading consultants will work with HUH to drive and sustain efficiencies that streamline operations and optimize supply chain performance across its organization while maintaining or improving quality.

“We are pleased to have Howard University Hospital join our growing academic membership,” said Andy Ziskind, MD, senior vice president of academic health system strategy at Premier. “Howard is a truly unique organization tasked with providing excellent care to vulnerable patient populations, teaching the next generation of health professionals and conducting research. We look forward to helping Howard deliver high-value care to the Washington D.C. community.”

HUH is a member of America’s Essential Hospitals, which represents more than 300 hospitals dedicated to caring for the vulnerable and training the nation’s healthcare workforce. Premier has an exclusive partnership with America’s Essential Hospitals to drive new advances in care quality, costs and population health at essential hospitals.

The financial terms of the enterprise-wide agreement were not disclosed. The partnership is not expected to materially impact Premier’s fiscal 2018 financial results.

About Howard University Hospital
Howard University Hospital (HUH) is one of the most comprehensive healthcare facilities in the Washington Metropolitan area. HUH holds a rich tradition of leadership and service that dates back to 1862. HUH is designated as a DC Level 1 Trauma Center and the nation’s only teaching hospital located on the campus of a historically Black university. HUH physicians are nationally recognized for their commitment to excellence, innovative training and patient care in a multitude of specialty areas. For more information, please visit http://huhealthcare.com.

About Premier Inc.
Premier Inc. (PINC) is a leading healthcare improvement company, uniting an alliance of approximately 3,900 U.S. hospitals and health systems and approximately 150,000 other providers and organizations. With integrated data and analytics, collaboratives, supply chain solutions, and advisory and other services, Premier enables better care and outcomes at a lower cost. Premier, a Malcolm Baldrige National Quality Award recipient, plays a critical role in the rapidly evolving healthcare industry, collaborating with members to co-develop long-term innovations that reinvent and improve the way care is delivered to patients nationwide. Headquartered in Charlotte, N.C., Premier is passionate about transforming American healthcare. Please visit Premier’s news and investor sites on www.premierinc.com; as well as Twitter, Facebook, LinkedIn, YouTube, Instagram and Premier’s blog for more information about the company.

Forward-looking statements
Matters discussed in this release that are not statements of historical or current facts, such as Howard University Hospital’s anticipated use of Premier’s performance and supply chain services at expected levels, as discussed herein, are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of Premier to be materially different from historical results or from any future results or projections expressed or implied by such forward-looking statements. Accordingly, readers should not place undue reliance on any forward-looking statements. In addition to statements that explicitly describe such risks and uncertainties, readers are urged to consider statements in the conditional or future tenses or that include terms such as “believes,” “belief,” “expects,” “estimates,” “intends,” “anticipates” or “plans” to be uncertain and forward-looking. Forward-looking statements may include comments as to Premier’s beliefs and expectations as to future events and trends affecting its business and are necessarily subject to uncertainties, many of which are outside Premier’s control. More information on potential factors that could affect Premier’s financial results is included from time to time in the “Forward-Looking Statements,” “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” sections of Premier’s periodic and current filings with the SEC and available on Premier’s website at investors.premierinc.com. Forward-looking statements speak only as of the date they are made. Premier undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise that occur after that date.

View source version on businesswire.com: https://www.businesswire.com/news/home/20180521005637/en/