Premier, Inc. (NASDAQ:PINC), a healthcare improvement company, acquired InflowHealth LLC, a SaaS-based software developer that specializes in improving the operational and financial performance of physician practices, for $6.0m in cash.
Founded in 2013 and led by President David Olson, InflowHealth provides an analytics solution that aggregates financial and operational data from thousands of physicians in medical groups across the United States to perform calculations that pinpoint exactly where improvements can be made.
Using this information, physicians can gain insights into their performance on a range of benchmarked indicators, and conduct deep drill downs into practice capacity, patient volumes, productivity and staffing ratios, revenue cycle performance, patient demographics, referral patterns, and overall compensation.
Following the close of the deal, the business and its employees will become part of Premier’s Performance Service segment.
Headquartered in Charlotte, N.C., Premier provides approximately 3,600 U.S. hospitals and 120,000 other providers with integrated data and analytics, collaboratives, supply chain solutions, and advisory and other services.