- Premier acquires Medpricer’s technology solution that enables purchased services savings across a total addressable acute care market of $160 billion. - Cloud-based platform provides purchased services management technology, including pricing benchmarks, RFP templates and other supplier data. - Acquisition enables healthcare providers to better manage third-party contracts to improve financial performance.Premier Inc., a healthcare improvement company, has acquired Medpricer, a
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Betterment Through Automated Benchmarking in the Era of Value-based Care
In the era of value-based care provision, automated benchmarking technology in hospitals enables real-world, reliable data insights for understanding, improving and promoting provider performance.Value-based healthcare is here to stay. Hospitals across the U.S. are on a quest to deliver successful outcomes at the lowest overall cost, improving care delivery and patient wellness. Nationwide, 34 percent of total healthcare payments were tied to alternative payment models in 2017, a steady
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Kaufman Hall Report: U.S. Hospitals Saw Strong Profitability in October
Rather unexpectedly, hospital results for October were quite favorable – with overall increased volume, revenue, and profitability compared with last year, according to the findings of Kaufman Hall’s latest National Flash Report. The latest October report provides a comprehensive look at metrics from more than 600 hospitals reveals profitability metrics rose more than 225 basis points (bps) for both EBITDA and Operating Margin compared to last month, and more than 125 bps compared to 2017.
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OnlyBoth Launches AI-Driven Hospital Benchmarking Engine
OnlyBoth Inc., a Pittsburg, PA-based healthcare performance company has launch an artificial intelligence (AI)-driven benchmarking engine BenchMine.com that provides objective, data-based comparisons of U.S. hospital performance. The Artificial Intelligence (AI)-based technology makes use of 130 consumer-friendly data attributes on 4,797 hospitals from CMS Hospital Compare to help the community evaluate hospitals and compare them to others nearby and nationally.Enhanced with geolocation
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