S/T Health Group Chosen as Contract Price Integrity Consultant for Premier Members.Industry leaders in hospital pharmacy A hospital pharmacy is concerned with pharmacy service to all types of hospital and differs considerably from a community pharmacy. Some pharmacists in hospital pharmacies may have more complex clinical medication management issues whereas pharmacists in community cost-containment to offer discounted services to alliance members. HOUSTON -- S/T S/T Such That S/T Self-Titled (also seen as ST) S/T Short Ton(s) Health Group - a pioneer in the fast-growing hospital pharmacy cost-containment industry - has signed an agreement to provide discounted invoice price Invoice price The price that the buyer of a futures contract must pay the seller when a Treasury bond is delivered. verification and recovery services for Premier Purchasing Partners members. Premier is the nation's largest healthcare alliance in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , with 1,500 hospitals and more than 47,000 other healthcare sites as members. The 36-month agreement, effective Sept. 1, designates S/T Health Group as a preferred provider of invoice price verification services for Premier members. Since 1998, S/T Health Group has helped hospitals and healthcare networks across the U.S. reduce pharmacy pharmacy, art of compounding and dispensing drugs and medication. The term is also applied to an establishment used for such purposes. Until modern times medication was prepared and dispensed by the physician himself. In the 18th cent. costs through its technology-driven data analysis, real-world pharmacy experience and hands-on consultative approach. "The value we bring to the market lies in our understanding of the unique working relationship between pharma manufacturers, wholesalers and the hospitals and healthcare networks themselves," says Richard Tulio, president of S/T Health Group. "Analysis of purchasing, billing and utilization data is critical, but you also need to interpret and understand what the numbers are telling you. Our extensive pharma experience enables us to see disconnects others can't - and deliver maximum cost savings to our clients." S/T Health Group was the first consulting group of its kind to focus on contract price integrity in healthcare. By combining the knowledge and expertise of professionals with experience in group purchasing, pharmacy management, wholesale distribution operations, healthcare purchasing management, managed care contracting and software development, S/T Health Group provides data-centered cost-containment solutions for hospital and healthcare operations. "We're proud to be providing services to Premier Purchasing Partners' many members throughout the U.S.," said Tulio. "We're confident we can make a difference in their pharma costs and help improve their bottom lines." About S/T Health Group S/T Health Group is a privately held consulting company Noun 1. consulting company - a firm of experts providing professional advice to an organization for a fee consulting firm business firm, firm, house - the members of a business organization that owns or operates one or more establishments; "he worked for a based in Houston, focusing on pharmaceutical cost-containment services for health care providers. S/T Health Group provides data analysis services that help hospitals contain or avoid costs in the pharmaceutical supply chain through price verification, contract compliance measurement and analysis of purchasing and utilization trends. For more information, please visit the company web site: http://www.sthealthgroup.com. About Premier, 2006 Malcolm Baldrige National Quality Award The Malcolm Baldrige National Quality Award is given by the United States National Institute of Standards and Technology. Through the actions of the National Productivity Advisory Committee chaired by Jack Grayson, it was established by the Malcolm Baldrige National Quality recipient Serving 1,500 hospitals and more than 47,000 other healthcare sites, Premier Inc. is the largest healthcare alliance in the United States dedicated to improving patient outcomes while safely reducing the cost of care. Owned by not-for-profit hospitals, Premier operates the nation's largest healthcare purchasing network, the most comprehensive repository (1) A database of information about applications software that includes author, data elements, inputs, processes, outputs and interrelationships. A repository is used in a CASE or application development system in order to identify objects and business rules for reuse. of hospital clinical and financial information and one of the largest policy-holder owned, hospital professional liability risk-retention groups in healthcare. Headquartered in San Diego San Diego (săn dēā`gō), city (1990 pop. 1,110,549), seat of San Diego co., S Calif., on San Diego Bay; inc. 1850. San Diego includes the unincorporated communities of La Jolla and Spring Valley. Coronado is across the bay. , Premier has offices in Charlotte, N.C., Philadelphia and Washington. For more information, visit www.premierinc.com. |
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