Frequently asked questions about Premier, Inc.
Who is Premier?
Premier, Inc. (Nasdaq: PINC) is a healthcare performance improvement alliance of approximately 3,400 U.S. hospitals and 110,000 other providers. Our mission is simple: To improve the health of communities.
As an industry leader, the Premier alliance has created one of the most comprehensive databases of actionable data, best practices and cost reduction strategies.
Our award-winning and revolutionary technologies enable our members to collaborate more easily and efficiently. Our goal is to improve our members’ quality outcomes, while safely reducing costs. By engaging members and revealing new opportunities, we empower the alliance to improve the performance of healthcare organizations.
Named one of the World’s Most Ethical Companies 7 years in a row, we are well-equipped to transform the future of healthcare.
What are Premier's mission, vision, and values?
To improve the health of communities.
Through the collaborative power of the alliance, we will lead the transformation to high-quality, cost-effective healthcare.
- Integrity: integrity of the individual, the enterprise and the alliance
- Passion for performance: a passion for performance and a bias for action, creating real value for all stakeholders and leading the pace
- Innovation: seeking breakthrough opportunities, taking risks and initiating meaningful change
Focus on people: demonstrating respect for all, and mutual commitment to the success of the alliance, our employees, our business partners and the communities we serve.
How does Premier do it?
Through our people, our data and our ability to connect healthcare organizations across the country.
Our people are dedicated to making healthcare better. We are passionate about what we do. We show the utmost integrity in our work. We seek out innovative ideas. And we focus on respect for each other.
Our database is one of the deepest and most comprehensive in the industry, with data on 1 in every 3 US hospital discharges and approximately $41 billion in group purchasing volume.
Our ability to connect is our trademark. It’s how we share best practices. It’s how we solve pressing issues. It’s how and why we build new technologies. Only by working together can we overcome today’s fragmented system and really drive improvement.
What is Premier’s approach to sourcing?
Our contracting process is guided by the industry’s most comprehensive Code of Conduct, which supports healthy competition while encouraging new and innovative suppliers and products to enter the market. Premier’s sourcing process ensures that factors beyond price are given serious and appropriate consideration. Especially important to us and our members is clinical efficacy and improved patient care.
Who decides which suppliers get a contract with Premier?
Premier members, through service line specific sourcing committees, determine which companies and products are awarded a contract. The selection criteria can vary by category, and is designed by members who have subject matter expertise on the product category being reviewed.
What is Premier's code of conduct business practice policy?
Premier is a founding member of the Healthcare Group Purchasing Industry Initiative (HGPII), a voluntary association dedicated to ethical conduct and business practices, and to serving the confidence of the public and government officials. The initiative is based on six core purposes, including creation of and adherence to a written code of business conduct that establishes high ethical values, quality healthcare, cost-effectiveness, an open and competitive purchasing process, sound business practices and public accountability. HGPII supports the inclusion of a strong code of conduct by suppliers and encourages its members to consider whether suppliers have adopted the AdvaMed code of conduct or a similar code.
What about social responsibility at Premier?
We are passionate about improving healthcare across the nation, and also being responsible citizens in our own backyard.
Since our corporate volunteer day was launched in 1998, Premier employees have donated countless hours of their time helping organizations in our communities. We also encourage our staff to give to charitable organizations, with a matching gift program of employee donations to eligible agencies or charitable organizations.
For 12 consecutive years, we’ve received the Practice Greenhealth Champion for Change Award for our environmental leadership in helping hospitals reduce waste and toxicity. Our GreenHealthy® program sets the bar for environmentally preferable purchasing and sustainable healthcare practices.
Our Charlotte headquarters is LEED-certified, and we are environmentally conscious in the acquisition, use, maintenance, reuse, recycling and disposal of products and services used throughout our business operations.
We also encourage our member hospitals and other organizations to do the same. Our Premier Cares Award program recognizes not-for-profit organizations that have made a significant positive impact on the health status of an underserved population.
What is the Premier Foodservice Program?
The Premier Foodservice Program is a proven, 20+-year program which offers an aggressive national distribution through a partnership with US Foods. Participants of the Meals on Wheels America association have access to manufacturer agreements that provide discounts up to 20% in various categories. In addition, participants have access to technology and cost management solutions, member satisfaction/communication and foodservice operational excellence tools to help achieve individual agency goals.
Premier delivers over 270+ active Contracted Manufacturer Agreements (CMAs) driving discounts up to 20% on over 50,000+ products, distributed by our business distribution partner US Foods.
- Dry Grocery
- Frozen Grocery
- Refrigerated Grocery
- Center Of The Plate (COP)
- Beverages – Coffee/Tea
- Fresh Produce
- Dairy, Fluid Milk
- Nutritional Supplements
Premier also has programs that are delivered outside broad line distribution for areas that meet other agency needs. They include agreements like office coffee delivery, office water, bulk and bottle water programs, chemicals, vending and specialty products.