November 9, 2016
 

-To date, 26 PHV hospitals have been introduced to Spend Analytics, the tool available from Premier to analyze their purchasing data.  This project has taken off very quickly and the response from the members has been overwhelming positive.  How does it work?  A hospital’s spend data is analyzed for contract pricing, conversion opportunities, volume mix changes, etc.  The information is shared with our members and they take the appropriate action.  There are many ways the data can analyzed, and we look forward to finding further savings via this process.  With additional hospitals submitting their spend data, more accurate analysis can be examined, and Prairie Health Ventures can pursue better regional contracting opportunities in the future.  We’re excited to offer this as another benefit of being a member of Prairie Health Ventures and look forward to working with the hospitals on this new project.