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UBS has lowered its price target on Premier, Inc. to $21 from $23 while maintaining a neutral rating. Premier, a healthcare improvement company, connects over 4,350 U.S. hospitals and health systems, offering services through its Supply Chain and Performance Services segments, which include technology platforms and consulting services.
The Centers for Medicare and Medicaid Services has finalized a 2.8% payment cut for physicians in the 2025 Medicare Physician Fee Schedule, prompting swift protests from medical groups. They argue that this cut, alongside rising costs, threatens patient care and physician practices, calling for immediate legislative action to avert the reduction. A bipartisan bill aims to eliminate the cut and provide a 4.7% payment update, but time is running out for Congress to act before the cuts take effect on January 1, 2025.
The Centers for Medicare and Medicaid Services (CMS) has finalized a 2.9% Medicare pay increase for outpatient facilities and ambulatory surgical centers for 2025, alongside new maternal health mandates aimed at improving care standards. The rule introduces the first-ever maternal health and safety standards for hospitals, requiring enhanced staffing and equipment protocols, while also addressing health disparities and expanding access to behavioral health services. However, the American Hospital Association criticized the payment increases as inadequate, warning that they could hinder patient access to care, particularly in rural areas.
The E-Commerce Healthcare Group Buying Market report provides a comprehensive analysis of the industry's current state and future growth prospects from 2024 to 2031. It highlights key players, market segments, and competitive dynamics, offering insights into growth drivers, challenges, and investment opportunities. The report also includes regional assessments and strategic recommendations for stakeholders to enhance their market position.
Suki, a leader in AI technology for healthcare, has secured $70 million in Series D funding to enhance its AI solutions, including Suki Assistant, which streamlines clinical documentation. The company partners with major health systems and EHR providers, achieving a 72% faster note completion rate and a 9X ROI in the first year. With this investment, Suki aims to accelerate product development and expand its capabilities, further solidifying its position in the healthcare technology landscape.
Suki has secured $70 million in funding to enhance its AI assistant technology for healthcare, expanding partnerships with health systems like MedStar Health. The Suki Assistant, which streamlines clinical documentation and improves workflow efficiency, will be rolled out to thousands of MedStar clinicians in phases. With a 70% adoption rate among users, Suki aims to grow its platform business significantly, projecting it will account for over 50% of revenue by 2026.
Premier, Inc.
Companies
| Symbol | PINC |
| Name | Premier, Inc. |
| Currency | USD |
| Sector | Health Care |
| IndustryGroup | Health Care Equipment & Services |
| Industry | Health Care Providers & Services |
| Market | NASDAQ Global Select |
| Country | United States |
| State | NC |
| City | Charlotte |
| Zipcode | 28277 |
| Website | http://www.premierinc.com |
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
ubs lowers price target on premier while maintaining neutral rating
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