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Premier, Inc.

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Premier, Inc. - Healthcare showcase

Year Founded & Workforce

1967

2,200 Employees

Industry

Healthcare

Services

Health Quality ManagementClinician Performance ManagementQuality Improvement Services
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Premier, Inc. Overview

Company Headquarters: Charlotte, US

Founded: 1967

Workforce: ~ 2,200

Company Working:

Premier, Inc operates majorly in health services. It operates through two segments, namely, supply chain services, and performance services. It is one of the leading healthcare companies that provide services to about 4000 US hospitals and health systems and approximately 165,000 other providers and healthcare organizations. It provides services at lower costs to hospitals and other pharmaceutical industries.

Strategy

Premier, Inc strategizes to market quality healthcare management services to healthcare providers such as health systems and acute care hospitals. It has products that increase patients’ and users’ comfort, make laboratory work more efficient, and thus help to improve healthcare facilities worldwide, in the long term. It also invests in research and development to know the future trends and to determine the needs of its customers.

Company Snapshot

$1,163M

Revenue

2,200

Employees

1967

Founded

Charlotte, US

Headquarters

SWOT Analysis

Strengths

  • High skilled workforce
  • Successful track record of developing new healthcare services

Weaknesses

  • Less investment in R&D

Opportunities

  • Entering new markets
  • Increasing global footprint through mergers and acquisitions

Threats

  • Rising competition
  • Fluctuating exchange rates

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Key Developments

DateApproachDevelopment
June 2019Product LaunchPremier Inc and Pensiamo Inc partnered to launch a pharmaceutical supply chain solution, which is also known as CognitiveRx. This supply chain solution helps to solve challenges related to drug storage, declining reimbursement, and other factors impacting the life sciences supply chain.

Product Offering

  • Premier, Inc.
    • Health Quality Management
    • Clinician Performance Management
    • Quality Improvement Services

Financial Performance

Explore key financial metrics, segmented revenue, balance sheet health, and performance trends.

By Business Segment: Sales rose from USD 1,163 Mn in 2016 to USD 1,661 Mn in 2018.
Premier, Inc. — By Business Segment
Series (USD Mn)201620172018
Sales1,1631,4551,661
R&D Expenditur2.93.11.4

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