Premiere Inc., a major U.S. healthcare supplier, is extending reach. This company announced that it now has an increased capital borrowing limit, as well. Premiere Inc. secured $750.0 million in funds that the company plans to use to help further expand its business.The organization, which reaches 3,000 U.S. hospitals and up to 110,000 other healthcare providers, recently created a digital platform. In addition, the company recently invited top innovators to its annual conference.
The app is good news for healthcare providers. According to a report by the Wall Street Journal, “[the app] PremierConnect Price Lookup contains data for approximately 6.75 million items from over 1,000 suppliers. […] Healthcare providers can search by product description, part number or manufacturer name to quickly find product pricing and key contract information such as specifics on price tiers, contract numbers and associated opportunities to reduce supply chain costs.”
Premiere will provide the service to its member providers, as well as contracted suppliers. The app will also provide detailed analytics on patient care and other clinical transactions. Currently, the company accounts for $40 billion in all U.S. hospital supply purchases.
The apps will further support the company’s eye for innovations.
Premiere’s CEO Mike Alkire told Forbes, “We wanted a way to leverage our scale and get disruptive innovations out into the market as quickly as possible. At the conference, clinicians can walk up and touch the things; most have clinical research backgrounds.”
Premier, Inc. 2014 Breakthroughs Conference and Exhibition backs the company’s vision for innovators and allows Premiere to stand on the front lines of healthcare product development.
One of its more groundbreaking adopted technologies is the 3D mammography and 3D-guided breast biopsy products, made by Hologic, Inc., which just debuted at this year’s conference in June. The device offers low doses of radiation compared to other market machines.