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Premier, Inc. (NASDAQ:PINC), a leading technology-enabled performance improvement company, today announced a renewed partnership with Tufts Medicine, a leading integrated health system bringing together the best of academic and community medicine to deliver exceptional, connected and accessible care experiences to consumers across Massachusetts and beyond.
Tufts Medicine and Premier are undertaking a 10-year strategic partnership to expand and extend their shared supply chain goals and capabilities. As part of this relationship, Tufts Medicine will leverage Premier's Nexera supply chain consulting arm to co-manage the people, processes and technologies needed to drive efficiency and total cost management.
"Premier is an ideal strategic partner in the market for supply chain services, and we believe they are uniquely positioned to manage our operations and employees with the winning combination of market leading, price-competitive contracts, automation technologies and data-driven insights," said Susan Green, Chief Financial Officer at Tufts Medicine. "Together with Premier, we will drive operational excellence across our integrated health system, enabling us to stay relentlessly focused on achieving our vision to create the most equitable and frictionless healthcare experience in the world."
Beyond Nexera's supply chain management services, Tufts Medicine will have expanded access to PINC AI™ performance improvement technologies to aggregate and standardize systemwide spend and utilization data, as well as Remitra®, Premier's 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. In addition, Tufts Medicine will leverage PINC AI™ consulting services to pinpoint cost savings opportunities and accelerate supply chain innovation across the organization.
"Tufts Medicine joins hundreds of other large, integrated health systems that rely on Premier for our differentiated ability to achieve superior savings, performance excellence and resiliency for the future," said Andy Brailo, Chief Commercial Officer of Premier. "Premier prides itself on our ability to co-innovate with members and this partnership speaks volumes of the confidence we've built and the real-world results we can deliver."
The financial terms of the partnership were not disclosed.
Posted In: PINC
