According to both companies, the platform will provide the healthcare industry with its first data-sharing model for hospitals, doctors, and outpatient clinics to support accountable care and performance improvements.
Premier's clinical, financial, and operational comparative database is the nation's largest compilation of inpatient data, containing nearly 40% of all U.S. hospital discharges, both companies said in a joint statement. Other non-hospital data that reside at physician practices and other ambulatory settings, as well as health plan data, will also be incorporated.
This includes clinical data regarding how care was delivered and related outcomes; supply chain data that incorporates clinical outcomes with costs; and operational data regarding labor efficiency and overall operating costs.
"IBM wanted to partner with a market leader on the project so Premier was the logical choice," Ed Macko, IBM's healthcare CTO, told InformationWeek. "Due to its size, Premier was the ideal partner to truly drive this type of transformation across the entire healthcare ecosystem. Jointly we can help set the standards of the healthcare industry."
Macko explained that IBM has spent many years building analytics platforms for some of the nation's largest hospital systems, something that is expensive, time-consuming, and complex. He also said every hospital needs an analytics platform to aggregate data across its multiple disparate IT systems and that IBM is pushing ahead with its business strategy to provide analytics platforms to hospitals as they move from paper-based systems to digitized medical records.