• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to secondary sidebar
  • Skip to footer

  • Opinion
  • Health IT
    • Behavioral Health
    • Care Coordination
    • EMR/EHR
    • Interoperability
    • Patient Engagement
    • Population Health Management
    • Revenue Cycle Management
    • Social Determinants of Health
  • Digital Health
    • AI
    • Blockchain
    • Precision Medicine
    • Telehealth
    • Wearables
  • Startups
  • M&A
  • Value-based Care
    • Accountable Care (ACOs)
    • Medicare Advantage
  • Life Sciences
  • Research

Premier Launches Physician Enterprise Collaborative to Identify Margin Improvements for Medical Groups

by Fred Pennic 06/01/2018 Leave a Comment

  • LinkedIn
  • Twitter
  • Facebook
  • Email
  • Print

Premier’s Physician Enterprise Collaborative

Premier Inc., a healthcare improvement company, is launching a new performance improvement collaborative to help health systems navigate the integration and alignment of employed and affiliated medical groups while optimizing overall practice performance. The Physician Enterprise Collaborative seeks to help medical groups identify margin improvements equivalent to 5 to 7 percent of professional net patient revenue (cash collections of billing activity).

Officially beginning in June 2018, Premier’s Physician Enterprise Collaborative builds on the legacy of its proven methodology for performance improvement, enabling providers to learn from top performers, share data and outcomes, and accelerate and sustain quality, efficiency, cost and safety innovations across their organizations. Premier operates more than 10 performance improvement collaboratives, ranging from bundled payments to quality improvement.

As they manage cost and quality imperatives, health systems are employing or becoming affiliated with greater numbers of physicians. However, health systems often find the transition difficult, as integration with physicians requires training, cultural adoption of new management structures and pacing to ensure clinicians do not feel burned out by the transition. All of these investments add up and can often result in losses for the health system. Recent figures from the American Medical Group Association suggest integrated health systems saw their median loss per physician increase from $211,000 in 2016 to $243,000 in 2017 and studies have shown that more than 54 percent of physicians experience at least one sign of burnout.

Designed by more than 20 health systems, Premier’s Physician Enterprise Collaborative will bring health system and clinical leaders together to challenge perceptions and practices related to medical group performance. Leveraging the power of peer-to-peer learning, data-enabled decision making and innovation, participants will develop, pilot and evaluate new cost, quality and service-related improvement solutions. Cohorts within the Collaborative will address the unique needs of academic, community and large national systems. Premier collaboratives have consistently performed substantially better than matched cohorts of other organizations.

With the transition to value-based care, physician organizations are focusing more on network strategy, and therefore, the size of the medical group is increasing as we see more practice and system acquisitions occurring,” said Chris Smedley, vice president of physician enterprise solutions at Premier. “The current challenges are being compounded by this growth as medical group leaders must address new market competitors, evolving organizational and governance models, quality and pay-for-performance measures, compensation plan redesign, increasing complexities in the regulatory environment, declining reimbursement, limited resources and new operational challenges as we begin to change the way that we deliver care in a value-based payment environment.”

“Our differentiation is not just our proven collaborative methodology, it is also our business intelligence platform that will enable data-driven decision making. Since most clinical and administrative leaders utilize our software to manage their day-to-day operations, it is far more accurate than surveyed data when conducting benchmarking and comparative analyses,” said Smedley. “Our physician practice performance management solution is built on timely scheduling, billing, payroll and general ledger data, making it one of the industry’s most reliable data sets for practice management.”

  • LinkedIn
  • Twitter
  • Facebook
  • Email
  • Print

Tagged With: medical groups, Premier

Tap Native

Get in-depth healthcare technology analysis and commentary delivered straight to your email weekly

Reader Interactions

Primary Sidebar

Subscribe to HIT Consultant

Latest insightful articles delivered straight to your inbox weekly.

Submit a Tip or Pitch

Featured Insights

 Selecting the Right EMR: A Practical Guide to Streamlining Your Practice and Enhancing Patient Care

Selecting the Right EMR: A Practical Guide to Streamlining Your Practice and Enhancing Patient Care

Featured Interview

Virta Health CEO: GLP-1s Didn’t Kill Weight Watchers, Its Broken Model Did

Most-Read

White House Event Unveils CMS Health Tech Ecosystem Initiative

White House Event Unveils CMS Health Tech Ecosystem Initiative

Digital Health Faces Q2'25 Pullback: Funding Falls to 5-Year Low, But AI Dominates and $1B+ IPOs Emerge

Healthcare Investment Shifts in 1H 2025: AI Remains a Bright Spot Amidst Fundraising Decline

Digital Health Faces Q2'25 Pullback: Funding Falls to 5-Year Low

Digital Health Faces Q2’25 Pullback: Funding Falls to 5-Year Low

Beyond the Hype: Building AI Systems in Healthcare Where Hallucinations Are Not an Option

Beyond the Hype: Building AI Systems in Healthcare Where Hallucinations Are Not an Option

Health IT Sector Navigates Policy Turbulence with Resilient M&A

Health IT’s New Chapter: IPOs Return, Resilient M&A, Valuations Rise in 1H 2025

PwC Report: US Medical Cost Trend to Remain Elevated at 8.5% in 2026

PwC Report: US Medical Cost Trend to Remain Elevated at 8.5% in 2026

Philips Launches ECG AI Marketplace, Partnering with Anumana to Enhance Cardiac Care with AI-Powered Diagnostics

Philips Launches ECG AI Marketplace, Partnering with Anumana to Enhance Cardiac Care with AI-Powered Diagnostics

WeightWatchers Emerges from Bankruptcy, Launches New Menopause Program

WeightWatchers Emerges from Bankruptcy, Launches New Menopause Program

CMS Finalizes New Interoperability and Prior Authorization Rule

CMS Proposes 2026 Physician Fee Schedule Rule: Boosting Primary Care, Cutting Waste, and Modernizing Payments

Beyond SaaS: How Agent as a Service is Transforming Healthcare Automation

Beyond SaaS: How Agent as a Service is Transforming Healthcare Automation

Secondary Sidebar

Footer

Company

  • About Us
  • Advertise with Us
  • Reprints and Permissions
  • Submit An Op-Ed
  • Contact
  • Subscribe

Editorial Coverage

  • Opinion
  • Health IT
    • Care Coordination
    • EMR/EHR
    • Interoperability
    • Population Health Management
    • Revenue Cycle Management
  • Digital Health
    • Artificial Intelligence
    • Blockchain Tech
    • Precision Medicine
    • Telehealth
    • Wearables
  • Startups
  • Value-Based Care
    • Accountable Care
    • Medicare Advantage

Connect

Subscribe to HIT Consultant Media

Latest insightful articles delivered straight to your inbox weekly

Copyright © 2025. HIT Consultant Media. All Rights Reserved. Privacy Policy |