Healthcare organizations in Louisville extend collaboration with Premier
The University of Louisville Hospital – a teaching and research hospital – as well as physician practice University of Louisville Physicians have extended their relationship with healthcare sector consultancy Premier Inc. The pair will add operational transformation and analytics services from the leading US healthcare consulting firm.
University of Louisville (UofL) Hospital is a teaching and research hospital in downtown Louisville, KY that boasts a world-class cancer center, trauma team, and stroke center. The University of Louisville Physicians (ULP) is the largest multi-specialty physician practice in the city, with over 100 locations and 900 primary care and specialty physicians. The group’s physicians are professors and researchers the UofL School of Medicine.
The two UofL-linked healthcare organizations have now expanded their relationship with Premier – a healthcare improvement firm that unites an alliance of 4,000 US hospitals with a comprehensive database of actionable data, clinical best practices, and efficiency improvement strategies. The publicly-traded firm completed its IPO in 2013, and is currently based in Charlotte, NC.
In terms of consulting services, the firm provides healthcare clients with strategy, operational transformation, and technology services, among others. Premier was named the 2017 Best in KLAS Overall Healthcare Management Consulting Firm, as well as the top provider in value-based care consulting, financial improvement consulting and strategy, and growth and consolidation consulting.
The expanded partnership will see UofL Hospital and ULP add Premier’s operational transformation services, as well as their physician practice performance management analytics. With the operational transformation offering, Premier will support the two organizations in revamping their operations through custom multi-year roadmaps to ensure a successful and well-integrated business. Premier’s physician alignment services will further achieve successful operational and financial outcomes through a superior database to collect relevant and accurate information.
“This extended work will further empower key decision makers from UofL Hospital and ULP with holistic, trusted data, insights and expertise,” commented Leigh Anderson, President of Performance Services at Premier. “We are hyper-focused on helping them advance efficiencies and improve clinical outcomes by optimizing operational and financial performance across the organization. We look forward to continuing to support their efforts to bring cost-effective, cutting-edge care to every patient.”
Premier’s consultants will leverage their expertise and technological insights to improve healthcare quality, patient and staff satisfaction, and financial performance as part of a complete operational transformation engagement.
“Each day, we strive to remain focused on our mission of providing high-value care to our community,” remarked Ken Marshall, Chief Executive Officer at UofL Hospital. “We believe Premier’s next-generation analytics, coupled with its seasoned experts in supply chain, workforce optimization and physician services, will support our strategy to achieve excellence in quality, cost and patient experience.”
Financial details for the consulting engagement were not disclosed.
