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Verity Health System and healthcare improvement company, Premier, have extended and expanded their relationship.
Verity Health System is formerly known as the Daughters of Charity Health System, which worked with Premier for more than fifteen years engaging in group purchasing and performance improvement services.
In December 2015, the health system recapitalized its operations and transitioned its leadership to the new Verity Health System.
In addition to extending its existing relationship, Premier performance services will support Verity Health System’s transformation to total population health and cost management.
“Our goal is to revitalize our hospitals to serve their communities for generations to come,” said Stephen Forney, chief financial officer of Verity Health.
“One of our strategies involves a transformation of our healthcare practices in cost and quality management. We plan to work with Premier to improve quality, enhance physician alignment and better control costs.”
Premier will provide advisory services to support Verity Health System’s cost imperative with a focus on improving sourcing, pharmacy, physician preference item and purchasing practices, Businesswire’s press release said. This engagement is expected to unify system-wide purchasing, eliminate variation, improve resource utilization and support the health system’s strategic transition to alternative payment models, such as bundled payment.
“We look forward to working with Verity Health System to build a modern and more efficient environment for its hospitals to better serve their communities,” said Susan DeVore, president and chief executive officer of Premier.
“We’re thrilled to support them in this effort to positively impact both patient outcomes and costs.”
Verity Health System, US, Premier, Healthcare, Technology, IT, Risk management, M&A