Introducing a New Name, Powered by the Same Unmatched Data
The life sciences industry is fueled by research and innovation, with a focus on developing, teaching, testing and researching care delivery practices and real-world interventions to improve quality, lower total cost of care and measure patient outcomes. Across the care continuum, life sciences organizations are trying to answer three critical questions — “what is happening,” “why is it happening” and “how do we intervene and change.” To meet rising healthcare needs, there is increased pressures to produce timely evidence, outpace commercial timelines and deliver improved patient outcomes under increasing budget constraints.
Changing reimbursement models from fee-for-service to value-based care is requiring dramatic shifts in care and spend—impacting life sciences. Retrospective and prospective evidence is essential for the creation and measurement of value-based contracts. In addition, an area that is quickly emerging is the use of real-world evidence for expanded indications and updated FDA approvals.
Access to comprehensive data is essential as healthcare data’s impact on the patient and healthcare professionals experience is moving at lightning speed. Growing trends in artificial intelligence (AI) and digital health technology have only accelerated in the wake of COVID-19, but the promise and power of healthcare data and evidence haven’t been realized yet.
To reflect these growing trends in the industry, our name needed a transformation to align with the company’s planned development and expansion of AI and other cutting-edge technologies across the platform.
The name PINC AI was selected to honor the brand’s roots within Premier while reflecting a commitment to provide comprehensive solutions, leveraging innovative technologies and embedded services to drive better, smarter healthcare. With the combined human intelligence of the experts in Applied Sciences and the commitment to artificial intelligence, you get PINC AI™ Applied Sciences.
Evidence is considered to be one of the driving forces behind improvements in healthcare and, when you look at the rate of change and recent innovations, evidence is impacting many aspects of our lives as breakthroughs in data collection, research and treatments enable medical providers to identify the patients and precisely align care to the latest evidence.
PINC AI™ Applied Sciences Healthcare Data utilizes more than 1,160 contributing hospitals/healthcare systems to provide a unique opportunity for using real-world data to conduct evidence-based and population-based analyses of drugs, devices, other treatments, disease states, epidemiology, resource utilization, healthcare economics and clinical outcomes.
From digitization to the rise of savvy and connected consumers, healthcare is on the horizon of significant breakthroughs that will open up many more avenues of exploration and research, allowing experts to make healthcare more personalized and effective than it has ever been. Life sciences can depend on PINC AI™ Applied Sciences technology and experts to extract real-world insights from data to improve research studies and clinical trials, discover new treatments and accelerate drug development with the ultimate goal to improve the future of healthcare.