Premier’s supply chain solutions Premier’s Medical-Surgical Inflationary Calculator A resource for proactively managing medical-surgical supply spend The Medical-Surgical Inflationary Calculator is a quick and easy-to-use resource designed to help members estimate Premier medicalsurgical supply spend. The calculator: > Compares Premier’s contractual price protection and suppliers’ price inflation estimates to deliver a detailed estimate of projected supply costs; > Prepopulates the spend profile from one SpendAdvisor® report and enables users to manually adjust for anticipated spend; > Compensates for off-contract spend with an optional SpendAdvisor report; > Alerts members to contract categories that will be renegotiated in the current year; > Provides aggregate inflation estimates by line of business; and > Analyzes spend by individual facility or IDN. The calculator can be found on Premier’s Economic Outlook website (premierinc.com/economicoutlook). For more information about the MedicalSurgical Inflationary Calculator, please contact the Premier Solution Center at solutioncenter@premierinc.com.
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Premier’s Drug Budget Tool A resource for proactive drug expense management The Drug Budget Tool prepopulates profiles for analysis and enables users to evaluate their drug purchases. The tool: > Analyzes 92 percent of annual drug purchases; > Examines entire systems as well as multiple hospitals in a single SpendAdvisor report; and > Automatically fills in all of the application’s analytic cells. To learn more about the Drug Budget Tool, please contact Jerry Frazier, director of Premier’s Center for Evidence-based Pharmacy Practice, at jerry_frazier@premierinc.com.
Premier’s Supply Mix Index™ A methodology for calculating supply cost indexes for each Medicare Severity - DiagnosisRelated Group (MS-DRG). The Supply Mix Index methodology, which combines clinical and supply cost data from more than 370 hospitals, is designed to:
> Enable the calculation of a hospital’s Supply Mix Index based on their unique mix of services provided to patients. The Supply Mix Index can also be calculated across systems, within service lines, and at other levels within a system. > Be statistically sound. The MS-DRG Supply Mix Index weights are calculated using more than 4.4 million patient-level records from Premier’s QualityAdvisor™ database. > Demonstrate a more direct correlation to supply expense-per-patient case than does the Case Mix Index (CMI). Premier’s Supply Mix Index focuses on the supply cost within a case, while the Case Mix Index incorporates other significant, non-supply-related expenses. > Allow for cross-hospital comparisons of supply efficiency and intensity. Premier’s new methodology will initially be used in the executive-level reporting application of SupplyFocus®, used by acute care facilities. SupplyFocus is also included with OperationsAdvisor®, Premier’s labor productivity and benchmarking product. To learn more about Premier’s Supply Mix Index, please contact Mark Hiller, vice president of innovative solutions, at mark_hiller@premierinc.com or Richard Westbay, program manager, SupplyFocus, at richard_westbay@premierinc.com.