Over the past four years, 29 hospitals in the Illinois Purchasing Collaborative (IPC), a program of the Illinois Hospital Association, have achieved more than $10 million in supply chain savings with the Premier healthcare alliance.
IPC used national pricing from Premier’s purchasing network and regional contracting in order to achieve the savings, which represent IPC affiliate hospital savings through the Premier portfolio, as well as owner/affiliate savings through IPC direct and Premier enhanced agreements. The average contract savings are 13.7 percent within 110 regional contracts to date.
IPC was established in 2006 to help IHA members reduce healthcare supply chain expenses by way of a creative collaboration among IHA, hospitals and healthcare systems, and Premier. Overall, since 2006, Premier member hospitals based in Illinois and who are participating in the IPC have saved approximately $130 million through clinical, operational and supply chain improvements.