Premier's enterprise-wide data warehouse and business intelligence platform to enable the development of next-generation healthcare solutions across emerging technology innovators

CHARLOTTE, N.C. - Baystate Health of Springfield, Mass., has selected Premier, Inc.'s (NASDAQ: PINC) data warehouse and business intelligence platform, PremierConnect® Enterprise, to support the development of innovative solutions within its new Health Informatics & Technology Innovation Center.

Home to Western Massachusetts' largest health insurance company and a flagship academic medical center, Baystate Health received a $5.5 million grant from the state last year to build the Baystate Health Innovation Center. The Innovation Center, which will officially launch this fall, is designed to connect healthcare information technology (HIT) vendors with physicians and other providers of care at Baystate Health to co-develop innovative solutions to the rapidly changing healthcare environment.

Baystate Health has been a member of Premier and its predecessor companies for 30 years, leveraging both its performance and supply chain services. Last fall, the health system deployed PremierConnect Enterprise to quickly and more efficiently access, integrate and interpret its clinical, financial and operational data. Seeing the positive results, the Innovation Center signed a separate, multi-year agreement to use PremierConnect Enterprise to integrate payer, provider and other healthcare data from participating innovators within a structured collaborative environment. By leveraging PremierConnect Enterprise's platform and unique healthcare data model, innovators will easily access and manipulate data for testing and scaling new HIT solutions.

"Our goal is to grow innovative solutions for the very real challenges of healthcare today in collaboration with innovators from around the globe," said Joel Vengco, vice president and chief information officer, Baystate Health. "This long-term partnership with Premier provides us with the infrastructure and capabilities necessary to liberate healthcare data within an open workspace that a broad group of researchers, innovators and providers can access. The platform and data combined will allow us to accelerate new HIT solutions that improve the quality and efficiency of patient care."

The Innovation Center resources will be available for select innovators working on solutions that support new healthcare models, beyond the use of electronic health records (EHRs), to better manage population health, value-based care and the revenue cycle. PremierConnect Enterprise is a cloud-based service managed by Premier. It will support this work through its multifaceted platform that combines data warehousing with the ability to acquire, standardize, transform and integrate big data, produce actionable analytics and garner predictive insights.

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