Premier is making a large acquisition to ease hassles that physicians face with clinical decision support systems and prior authorizations.
Charlotte, N.C.-based Premier this week agreed to purchase Stanson Health for $ 51.5 million to offer its tools to a wider audience. Premier offers services to support improved care and outcomes to 3,900 hospitals and delivery systems.
Stanson Health offers decision support tools that integrate into electronic health records workflows to give real-time patient-specific best practices at the point of care.
Stanson Health, which currently serves 300 provider sites, also is building a prior authorization product to give near real-time prior authorization decisions for medical and pharmacy benefits, which could save providers and insurers time and money while improving provider and patient satisfaction.
“As healthcare delivery grows more complex and pushes providers to assume greater risk for total costs and quality, organizations are looking for solutions to help them make the best possible healthcare decisions,” says Scott Weingarten, MD, who co-founded Stanson Health with Cedars-Sinai Medical Center in 2013.
By combining analytics with decision support, Stanson Health can help physicians eliminate unnecessary or inappropriate care, improving the quality of care, he contends.
“Stanson’s clinical decision support tools will be key to realize Premier’s vision of an enterprise analytics and performance improvement platform, allowing us to provide evidence-based recommendations that improve quality and safety, while avoiding treatments that do not add value,” says Susan DeVore, President and CEO at Premier. At the same time, Stanson is developing tools we believe will provide an attractive option to improve the burdensome process of prior authorization, which is incredibly frustrating for both patients and providers.”
The clinical decision support system only fires when a patient meets a specific profile, then offers recommendations directly relevant to a provider’s decision-making process. The decision support and analytics, which include artificial intelligence, integrate with the major EHR platforms such as Cerner, Epic and athenahealth, among others.
Further the vendor supports compliance with the Protecting Access to Medicare Act which, starting in January 2021, will require clinical decision support to justify use of advanced medical imaging services as a requirement to receive Medicare Part B reimbursement.