Premier, Inc. Enhances Clinical Decision Support with Acquisition of IllumiCare
A leading technology-driven healthcare performance improvement company, today announced the acquisition of IllumiCare, a healthcare technology firm known for its EMR-agnostic platform. The platform marries clinical and financial data at the point of care to help providers make the best possible clinical decisions at the best possible cost.
The acquisition significantly expands Premier’s reach in the clinical decision support (CDS) space. Already used by over 82,000 providers, including independent physicians and ambulatory networks, the IllumiCare platform is compatible with more than 50 EMR systems used across the care continuum.
Headquartered in Birmingham, AL, IllumiCare has developed a strong reputation for enabling better clinical decisions by surfacing real-time data on treatment costs. IllumiCare’s flagship product defines inpatient medication and diagnostic use that is unlikely to have clinical benefit based on established medical standards. It then attributes the provider’s actual supply cost to the ordering provider. By defining low-value care and making real costs transparent, IllumiCare facilitates upstream interventions in formulary and order sets while hyper-targeting “nudges” to clinicians at the point of care.
“Hospitals are battling rising costs and shrinking margins,” said David Zito, Premier’s President of Performance Services. “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.”
IllumiCare’s capabilities complement Premier’s existing CDS technology, expanding the company’s ability to help health systems and clinically integrated networks close care gaps, improve coding accuracy, support outpatient risk capture, optimize clinical trial recruitment and succeed in value-based payment models.
Premier will begin marketing the acquired solution under Premier’s Stanson Health brand this summer. The company will debut the acquired capabilities of the combined solution at its annual Breakthroughs Conference and Exhibition, held July 15-17 in National Harbor, MD.
“This is about more than technology — it’s about delivering real value to clinicians,” said G.T. LaBorde, Chief Executive Officer, IllumiCare. “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 10 to one.”
Financial terms of the transaction were not disclosed.
