THR and Premier Inc. Form Joint Supply Chain Venture

Texas Health Resources and Premier Inc have partnered to form a supply chain organization called Texas Health Supply Chain Services in an attempt to manage costs. THR’s 26 hospitals and numerous other facilities have worked with healthcare services company Premier for more than 20 years, but they will be more intertwined with the new joint venture.

Premier connects more than 4,000 hospitals and health systems in the U.S. and about 165,999 other providers and organizations to provide analytics, supply chain solutions, consulting and other services.

The two companies hope to reduce costs and inefficiencies with the partnership. “As we focus on the future of healthcare in North Texas, we must continue to innovate across every aspect of care,” said Shaun Clinton, Senior Vice President of Supply Chain Management at Texas Health via release. “This new regional organization will build on our two organizations’ powerful scale, successful business models and industry insights to create a technology-enabled, supply chain partnership that allows us to more effectively source certain products and services at the local level.”

THR and its affiliates will unite with Premier in the joint venture under the new structure to receive better deals on local products and will be able to leverage Premier’s national contracts to scale ip purchasing of supplies needed for their facilities.

“We are thrilled to be partnering with Texas Health to bring more value to their health system and other providers in their region,” said David A. Hargraves, Senior Vice President of Supply Chain at Premier via release. “Working side by side with our members on local purchasing efforts provides more opportunity to eliminate inefficiencies and duplication, while supporting their overall strategic objectives.”