Premier Inc. Acquires 100 Top Hospitals Program
Premier Inc. (NASDAQ: PINC) acquired the 100 Top Hospitals program from Merative (formerly IBM Watson Health). The program will be integrated within PINC AI, Premier’s technology and services brand.
Launched in 1993 by Truven Health Analytics, the primary purpose of the 100 Top Hospitals program is to inspire hospital and health system leaders to pursue higher performance and deliver added value to their patients and communities. The program develops and provides scorecards derived from nationally recognized metrics and is published annually by Fortune as the 100 Top Hospitals, 15 Top Health Systems and 50 Top Cardiovascular Hospitals.
“For years, the 100 Top Hospitals program has set the standards for care quality and outcomes,” said Michael J. Alkire, President and Chief Executive Officer of Premier. “Consumers view the annual rankings to help determine providers of choice, while payers use the data to select health system partners for value-based care and direct-to-employer contracting. Because objective measures of performance are so critical, we believe this acquisition will cement PINC AI as a trusted one-stop-shop for healthcare cost and quality improvement. We believe we can build on the program’s strong legacy as an honest, objective evaluator of performance, while leveraging our expertise to enhance and expand non-biased measurements to make a bigger impact across a broader swath of health systems.”
In addition to the rankings, the 100 Top Hospitals program also provides organizational leaders with access to custom reports, technology to accelerate improvement and expert-led engagements to optimize performance.
“The acquisition of the 100 Top Hospitals program tightly aligns with the PINC AI technology suite, consulting expertise and performance improvement collaboratives, all of which will work synergistically to enable health systems nationwide to deliver better outcomes and lower costs,” said Leigh Anderson, Premier’s President of Performance Services and the leader of PINC AI. “Because of the tight alignment with our mission to improve the health of communities, we anticipate that we will be able to rapidly integrate the 100 Top Hospitals within the PINC AI platform. In addition, we believe the program’s broad reach and strong brand recognition will enable us to build relationships with non-member health systems.”