Tufts Medical Center Selects Premier Healthcare Alliance GPO To Reduce Its Non-Labor Expenses
CHARLOTTE, N.C.--(BUSINESS WIRE)--Tufts Medical Center in Boston has chosen the Premier healthcare alliance as its group purchasing performance partner to help realize its vision of delivering excellent medical care, advancing knowledge through research and training future generations of medical leaders.
The new partnership will employ Premier's resources – including purchasing services, Premier's field force, technology, tools, consulting and insurance – to help the academic medical center reduce non-labor expenses.
Tufts Medical Center is among five major academic and teaching health systems to join Premier recently along with two others who recommitted to the alliance.
As part of the new partnership, Tufts Medical Center also joined Yankee Alliance and will have access to the more than $1 billion Yankee Alliance/Premier portfolio when participation in regional aggregation is advantageous. Yankee Alliance is a regional alliance of more than 50 acute care hospitals and thousands of other healthcare facilities, such as surgery centers and imaging centers, mostly in New England, that enjoy significant cost savings through collaboration in purchasing, sharing best practices and knowledge transfer.
Premier Purchasing Partners President Mike Alkire said, "Tufts Medical Center is a totally motivated and engaged partner. We want to help them achieve their goals and structured our value proposition to put the full value of Premier at their disposal, including a two-year engagement with Premier Consulting Solutions."
Premier has assigned a full-time consulting project manager for two years as well as clinical subject matter experts and other resources, such as Premier Insurance Management Services, to help Tufts Medical Center significantly reduce its non-labor expenses.
About Tufts Medical Center
Tufts Medical Center is a world-class, not-for-profit, academic medical center based in Boston. The 451-bed medical center is home to two full-service hospitals – one serving adults and Floating Hospital for Children, dedicated exclusively to all levels of pediatric care. It is the principal teaching hospital for Tufts University School of Medicine, which ranks in the top 5 percent of institutions nationwide receiving National Institutes of Health research funding, and pioneers groundbreaking research, including numerous clinical trials available exclusively at the medical center. The oldest permanent medical facility in New England and one of the first in the nation, it offers compassionate, patient-centered care, where a team approach ensures both complete and thorough consideration of treatment options.
About Premier Inc., 2006 Malcolm Baldrige National Quality Award recipient
Serving more than 2,000 U.S. hospitals and 53,000-plus other healthcare sites, the Premier healthcare alliance and its members are transforming healthcare together. Owned by not-for-profit hospitals, Premier operates one of the leading healthcare purchasing networks and the nation's most comprehensive repository of hospital clinical and financial information. A subsidiary operates one of the nation's largest policy-holder owned, hospital professional liability risk-retention groups. A world leader in helping healthcare providers deliver dramatic improvements in care, Premier is working with the United Kingdom's National Health Service North West and the Centers for Medicare & Medicaid Services to improve hospital performance. Headquartered in San Diego, Premier has offices in Charlotte, N.C., Philadelphia and Washington. For more information, visit www.premierinc.com.
About Yankee Alliance Yankee Alliance is a shared services/group purchasing organization whose mission is to meet their members' common goals of financial, clinical and operational effectiveness and produce uncommon results through collaborative thinking, combined resources and shared strength. Founded in 1983 as a 501(c)(3) corporation and headquartered in Andover, Mass., Yankee Alliance provides services to 55 acute care facilities in the Northeast region and over 1,000 long-term care/assisted living facilities as well as surgery centers, imaging centers, home health agencies and physician offices. For more information, visit www.yankeealliance.com.
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