Premier acquires healthcare technology firm IllumiCare

Premier has expanded its clinical decision support (CDS) capabilities with the acquisition of healthcare technology company IllumiCare, known for its electronic medical record (EMR)-agnostic platform.
This platform integrates clinical and financial data to aid providers in making cost-effective clinical decisions.
The financial details of the transaction have not been disclosed.
IllumiCare is based in the US and helps improve clinical decisions by providing real-time data on treatment expenses.
Its flagship product identifies inpatient medication and diagnostic use that may not benefit patients, based on medical standards, and reveals the actual supply costs to the ordering provider.
This approach encourages interventions in formulary and order sets and delivers targeted 'nudges' to clinicians at the point of care.
Premier Performance Services president David Zito said: “IllumiCare’s real-time cost attribution capabilities will be a game changer, differentiating Premier in a competitive CDS market with a smarter, more robust CDS solution.
“Together, we can help create financial efficiencies for virtually any provider, in any clinical setting, while helping them deliver care that is better and safer for patients.”
The acquisition is set to enhance Premier's existing CDS technology, further enabling health systems and clinically integrated networks to reduce care gaps, enhance coding accuracy, optimise clinical trial recruitment, support outpatient risk capture, and succeed using value-based payment models.
Starting this summer, Premier plans to market the acquired solution under its Stanson Health brand.
IllumiCare CEO G T LaBorde said: “We want providers focused on the patient while technology works behind the scenes to point out the ancillary effects of choices when they are directly relevant. Our combined solution will offer providers a more robust, turnkey solution, with a demonstrated return on investment of up to ten to one.”
"Premier acquires healthcare technology firm IllumiCare" was originally created and published by Hospital Management, a GlobalData owned brand.
The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.

This acquisition by Premier Inc. of the healthcare technology firm IllumiCare underscores their commitment to advancing innovation in medical care, timed just as industry experts predict a surge in demand for remote and data-driven monitoring solutions.

The acquisition of healthcare technology firm IllumiCare by Premier underscores their commitment to innovating in the field, leveraging digital solutions and AI-driven strategies for enhancing patient care.

With the acquisition of healthcare technology firm IllumiCare by Premier, Inc., we anticipate a significant leap forward in providing innovative solutions geared towards enhancing patient care outcomes and driving operational efficiencies within health systems.

The acquisition of IllumiCare by Premier Inc. underscores the health care industry's drive towards integrating advanced technology solutions to optimize patient outcomes and lower costs.

The acquisition of healthcare technology firm IllumiCare by Premier represents a strategic move to optimize patient care and enhance operational efficiency in the industry's digital transformation, demonstrating their commitment to advancing quality health services through innovative solutions.

With the acquisition of IllumiCare, Premier Inc. solidifies its position as a leading player in integrating innovative healthcare technology solutions aimed at enhancing patient care outcomes.

With the acquisition of healthcare technology leader IllumiCare by Premier, Inc., it signals a major move towards advancing digital transformation and enhancing patient care outcomes within health systems worldwide.

The acquisition of IllumiCare by Premier represents a strategic move into the healthcare technology sphere, solidifying Premier's position as an innovative force in providing efficient and cost-effective care solutions.