Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Nasdaq  >  Premier Inc    PINC

PREMIER INC (PINC)
My previous session
Most popular
  Report  
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsOfficial PublicationsSector newsTweets
OFFRE

Premier Inc. : Announces Inaugural Members in SURPASSTM

share with twitter share with LinkedIn share with facebook
share via e-mail
0
07/12/2018 | 11:52pm CEST

By a News Reporter-Staff News Editor at Information Technology Newsweekly -- Premier Inc. (NASDAQ: PINC), a leading healthcare improvement company, has announced 11 health systems to serve as core members of its SURPASSTM highly committed purchasing program (Synergizing for Unparalleled Results in Procurement and Strategic Sourcing).

SURPASS is a unique collaboration for Premier® member health systems, designed to drive compliance and scale for the purchasing of clinically efficacious products across their systems in order to achieve best-in-market pricing. The 11 core health system members represent $8.4 billion in annual supply chain purchasing, with more than 30,000 acute care beds across 24 states and two U.S. territories.

"To achieve the next level of cost transformation within the supply chain, hospitals and health systems are leaving no stone unturned," said David Hargraves, Senior Vice President of Supply Chain at Premier. "Coupled with a focus on standardization and costs, what differentiates this program from others is that we are approaching discussions with suppliers with a very specific and detailed focus on clinical effectiveness - ensuring the foundation of all purchasing will be centered on supplies and products that demonstrate a difference in boosting outcomes and delivering value."

The SURPASS model seeks suppliers that compete to offer the absolute best price possible, linking them with participating members that commit to scaling purchasing to these high-value, high-commitment contracts. This member-led group will help to drive evidence-based supply chain decision-making, including being active participants in negotiations, clinically vetting the products and supplies, and determining which suppliers are awarded contracts.

"We're excited to be included in this core group of health systems that are actively pursuing smarter healthcare supply chain strategies, helping us secure optimal pricing on products that deliver the most value in terms of improved patient outcomes," said Shaun Clinton, CMRP, Senior Vice President of Supply Chain Management at Texas Health Resources. "Extending our intelligent product decisions into a new, highly committed program - based not just on acquisition cost, but also on total cost of care - help us redeploy funds to invest in the care and the talent we need to meet consumer demands."

Keywords for this news article include: Business, Premier Inc.

Our reports deliver fact-based news of research and discoveries from around the world. Copyright 2018, NewsRx LLC

(c) 2018 NewsRx LLC, source Technology Newsletters

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on PREMIER INC
09/15PREMIER : Issues Statement on FDA Plan to Combat Antibiotic Resistance
AQ
09/13NEOGENOMICS : Awarded Clinical Reference Laboratory Testing Services Agreement w..
AQ
09/05PREMIER : Issues Remarks on FDA's Hearing on Biological Products Marketplace
AQ
08/23PREMIER, INC. : Results of Operations and Financial Condition, Regulation FD Dis..
AQ
08/23PREMIER : Management's Discussion and Analysis of Financial Condition and Result..
AQ
08/22PREMIER : Healthcare Performance Improvement Company Premier Inc. to Present at ..
BU
08/21PREMIER INC. : Reports Fiscal 2018 Fourth-Quarter and Full-Year Results
BU
08/21PREMIER INC : Premier Inc. Class A to Host Earnings Call
AC
08/20PREMIER INC. : to Provide Operational Transformation Consulting and Analytics Se..
BU
08/16PREMIER INC. : Partners with Progknowse, Inc. to Develop Precision Medicine Anal..
AQ
More news
News from SeekingAlpha
09/06Premier (PINC) Presents At Baird's Global Healthcare Conference - Slideshow 
08/22Premier, Inc. 2018 Q4 - Results - Earnings Call Slides 
08/22Premarket analyst action - healthcare 
08/21Technology - Top 5 Gainers / Losers as of 2.55 PM (08/21/2018) 
08/21Premier, Inc. (PINC) CEO Susan DeVore on Q4 2018 Results - Earnings Call Tran.. 
Financials ($)
Sales 2019 1 758 M
EBIT 2019 469 M
Net income 2019 80,3 M
Finance 2019 208 M
Yield 2019 -
P/E ratio 2019 22,54
P/E ratio 2020 21,65
EV / Sales 2019 3,12x
EV / Sales 2020 2,93x
Capitalization 5 701 M
Chart PREMIER INC
Duration : Period :
Premier Inc Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends PREMIER INC
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 18
Average target price 47,4 $
Spread / Average Target 10%
EPS Revisions
Managers
NameTitle
Susan D. DeVore President, Chief Executive Officer & Director
Richard J. Statuto Chairman
Michael J. Alkire Chief Operating Officer
Craig S. McKasson CFO, Principal Accounting Officer & Senior VP
Terry D. Shaw Vice Chairman
Sector and Competitors
1st jan.Capitalization (M$)
PREMIER INC47.07%5 701
FRESENIUS-4.66%40 645
BANGKOK DUSIT MEDICAL SERVICES PCL--.--%12 216
IHH HEALTHCARE BHD--.--%10 306
AIER EYE HOSPITAL GROUP CO LTD--.--%10 066
RAMSAY HEALTH CARE LIMITED-21.89%8 076