Overview

- It includes Premier’s group purchasing organization program (GPO), specialty pharmacy offerings, and direct sourcing activities. The segment assists the company’s members in managing their non-labor expense categories through a combination of products, services and technologies. - It also provides members access to certain SaaS informatics products related to the supply chain and the opportunity to participate in its ASCEND and SURPASS collaborative. - Key products and solutions include group purchasing, specialty pharmacy, direct sourcing, SaaS informatics products and ASCEND collaborative. - It also offers specialty pharmacy business and provides traditional pharmacy dispensing services. - Premier also provides its members access to PremierConnect Supply Chain and its associated applications. Through its ASCEND Collaborative, members receive information about group purchasing programs, tiers and prices, and benchmarking metrics to assist them in identifying additional supply chain and operations’ cost-saving opportunities and knowledge sharing with other member participants and industry experts. - Its SURPASS Collaborative has been built upon and complements existing ASCEND Collaborative that enables even greater savings for members. It brings clinically led cohorts together to make decisions based on evidence about clinician and physician preference items with the goal of reducing the total cost of care materially. - The segment also has STOCKD, an E-Commerce platform, which is a part of multi-channel supply chain strategy. - The PROVIDEGX program is the company's effort to help facilitate the availability of drugs and other high-quality products to tackle supply challenges. - In FY2022, the segment's capital expenditure stood at US$29.7 million.

Performance

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