Premier Expands Clinical Decision Support Capabilities with Acquisition of IllumiCare

Strategic Insights -

Premier, a technology-driven healthcare performance improvement company, has announced the acquisition of IllumiCare, a healthcare technology firm renowned for its EMR-agnostic platform. This strategic move significantly expands Premier's capabilities in the clinical decision support (CDS) space by integrating IllumiCare's real-time clinical and financial data at the point of care. The acquisition aims to empower providers to make optimal clinical decisions while managing costs, ultimately reducing hospital stays, easing administrative burdens, and improving patient outcomes.

Key Takeaways:

  • Premier has acquired IllumiCare, a healthcare technology firm, to expand its clinical decision support capabilities.
  • IllumiCare's platform provides real-time clinical and financial data at the point of care, allowing providers to make optimal clinical decisions while managing costs.
  • The acquisition will enable Premier to offer a more robust, turnkey solution with a demonstrated return on investment of up to 10 to one.
  • The combined solution will be marketed under Premier's Stanson Health brand and will be officially debuted at Premier's annual Breakthroughs Conference and Exhibition in July.
  • IllumiCare's platform is already utilized by over 82,000 providers, including independent physicians and ambulatory networks, and is compatible with more than 50 EMR systems across the care continuum.
  • The acquisition will enable health systems and clinically integrated networks to close care gaps, improve coding accuracy, support outpatient risk capture, optimize clinical trial recruitment, and succeed in value-based payment models.
  • David Zito, Premier's President of Performance Services, stated that IllumiCare's real-time cost attribution capabilities will be a game changer in the CDS market, differentiating Premier with a smarter, more robust CDS solution.

Statistics:

  • Over 82,000 providers utilize IllumiCare's platform, including independent physicians and ambulatory networks.
  • The combined solution offers a minimum return on investment of up to 10 to one.
  • The illumination platform is compatible with more than 50 EMR systems across the care continuum.
  • The Breakthroughs Conference and Exhibition will be held in National Harbor, MD, on July 15-17.
  • IllumiCare's flagship product identifies inpatient medication and diagnostic use that is unlikely to offer clinical benefit based on established medical standards.

Sources:

  • Premier: "Premier Expands Clinical Decision Support Capabilities with Acquisition of IllumiCare"
  • HIT Consultant: "IllumiCare"
  • HIT Consultant: "Premier Acquires IllumiCare to Enhance Clinical Decision Support Capabilities"
  • IllumiCare: "About Us"
  • Stanson Health: "About Us"