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Premier, Inc. is an American healthcare company, based in Charlotte, North Carolina. The company is listed on New York Stock Exchange ( Nasdaq : PINC ) Class A. In the early 2000s, Premier was a hospital buying group, pooling healthcare purchases to reduce prices.
A healthcare group purchasing organization (GPO) assists in promoting quality healthcare relief and assists diverse providers in effectively managing expenses. A GPO aggregates the purchasing volume of its members for various goods and services and develops contracts with suppliers through which members may buy at group price and terms if they ...
In July 2021 US Department of Justice announce another settlement with Prime Health Care and its CEO Prem Reddy concerning kickbacks, overcharging for medical implants, and billing for a non-eligible provider by using another provider's billing identity. Dr. Reddy paid $1,775,000; and Prime paid $33,725,000. [43]
An accountable care organization (ACO) is a healthcare organization that ties provider reimbursements to quality metrics and reductions in the cost of care. ACOs in the United States are formed from a group of coordinated health-care practitioners. They use alternative payment models, normally, capitation. The organization is accountable to ...
My knowledge is mostly in healthcare GPOs as well. I had some information I would like to add to the healthcare GPO section but I agree with you, there would be an overabundance of healthcare topics. Maybe we could edit the page to have major sections for all industries (e.g., healthcare GPO, industrial supplies GPO, etc.).
In U.S. health insurance, a preferred provider organization (PPO), sometimes referred to as a participating provider organization or preferred provider option, is a managed care organization of medical doctors, hospitals, and other health care providers who have agreed with an insurer or a third-party administrator to provide health care at ...