University of Louisville expands pact with Premier for analytics support
The University of Louisville Hospital in Kentucky is expanding an existing relationship with Premier to improve financial and clinical operations and help empower decision makers and physicians with actionable information, supported via analytics from the PremierConnect performance improvement platform.
In the past, the university has received help from Premier in benchmarking staff performance and supply chains, and executives say that if additional benchmarking is needed, it likely will use Premier to do it.
But the hospital expects to use its internal resources for conducting queries with Premier’s analytics platform, to strengthen the concept of a university-wide program and get more buy-in from stakeholders.
The hospital has agreed to an 18-month engagement to use the platform to analyze group purchasing and cost savings, which are the top priorities. However, other issues will get analyzed as well, including quality, patient and staff satisfaction, supply chain, workforce optimization and physician services.
The hospital and the 900-member University of Louisville Physicians multi-specialty practice will work with Premier consultants to improve quality, patient and staff satisfaction and financial performance.
“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,” says Ken Marshall, CEO at the University of Louisville Hospital.
The hospital engaged Premier’s group purchasing organization earlier this year as it sought to optimize its cost structures across the enterprise, Marshall notes. The facility now is transitioning from its legacy electronic records system, and the transition is about 75 percent complete to the Cerner platform. However, it’s not yet clear whether group practice physicians—currently using the ambulatory Allscripts EHR—also will adopt Cerner.
Financial terms of the program between the university, its physicians and Premier were not disclosed.