our and businesses. call. Today our going how supply the for chain I'm with in performance Thank joining first you, are services thanks our performance, we Susan, pleased reviewing operational everyone note to of
and we administrative to controls portfolio this our are A work initiative value largely key was ongoing high vital net growth with compliance cost revenue doing the members. fees driver of compliance This high growth our bring to members. reflects
success about excited are and us. profitable expected We to this driving initiative continue the growth for of
effectively our to members, to net health which enabled Medpricer enhanced to our we As to by help always, large like accomplish week marketing, continue services, achieve. are testing environmental third-party us comprehensive will focused vendors elusive and we believe acquisition price services, area and necessary systems are on manage the last staffing value things of of delivery continuing provided and to purchase functions, which and routine, but clinical non-clinical lab services.
of on contracts. up average to According expense national group a U.S. purchase of often scope services hospitals and for to XX% the typical account fall traditional, purchasing outside non-labor research,
our spend helping us we database, acute-care our effectively services enabling purchasing by in $XXX spend billion. that spend accelerates address capabilities comprehensive Medpricer purchase area this approximates major largely more untapped a of with estimate technology market
enable that healthcare and purchase other analyze, services Medpricer hospitals and source provides providers independent of contracts benchmark affiliation. technology to GPO any solutions existing
supply core subscription represents of We services. enhancing it our technology to purchase and enabled of chain the Premier for and helps members, fees and chain our strategy, revenue net penetration for drive key component total the area offering incremental contract portfolio supply our in approach delivering administrative SaaS as value believe Medpricer while expand contract
of and partnership success also problem. announced in this the process with drug identifying we Earlier to solving enabled We the shortage shortages. achieve continue CognitiveRx, ongoing our drug technology the addressing year
have drugs program ProvideGX of supply to directly total shortage shortage to of a led alone, our than more addressed program engage reliably continue with XXXX reliable XX Through XXX. drugs to taking our our strategic number to we in critical – an additional partners efforts the and for
shortage resolving success with the example, EXELA For of cysteine Services Pharma our we've of in recently announced partnership hydrochloride injection. the
We provide also with seven to recently partnered shortage drugs. Amphastar additional
administrative is to program are being we Through initiative market, sources of drive the drug additional in serve identify or revenue fees be for incremental objective drugs for continually shortage this to added supply high-quality a a critical this The and members value Premier. provide of national safe, our the may risk list. to need that net
to we continue a previously impacting in areas, and are regulatory on have provider businesses. where both challenging to market our Turning decision-making consulting services; weighing some and as operate uncertainties in discussed, technology political performance we
adjacent areas continuing value to revenue of are growth we in improve response, and in and cultivate growth. to drive invest new markets In creation
walk me these through of Let initiatives. you some
health of high-value hospitals of the network, XXX our with network progress First, XX than more we're in representing the agreed participants initial be making development providers. to systems have our high-value
To a that productivity Contigo Contigo Health data technology. and payers network we costs. will to including networks, controlling and high-quality member new improving our formed company employee link recently care, The by end, employers, achieve goals which increasing will and be to Health other powered access common systems health
in We expect will and pilot system participants provide partners thereafter next bring address formally These select about employer to week to announce soon national programs health health together and participants. information goals. system two markets major and launch employers Contigo
health care clinical and in and increase improve variation in wellness and two, costs the programs with One, engagement to help unwarranted and reduce employer's order outcomes, lower setting.
growing sciences provider to in our relationships Second, and our leverages subject which generate we our continue strategic make to evidence transformation. applied expertise research real-world best-in-class supports channel our matter data, healthcare that business progress
in the recently to treatment diagnosis requires the to treatment follow-up the Healthcare new same-day GE weeks evaluate cases suspicious with models States. partnership that wait of announced and current For bring and example, the some This patients diagnosis cancer United results exam we've mammogram. to a to breast compares for
fiscal performance in professionals investing to the half as sales growth an additional the consulting and fiscal current account back capabilities, and year into XXXX. we are management for Third, as drive well help services
recruiting We lines. on capabilities further our consultant to various within senior service focusing are additional professionals enhance
announcement touch Finally, to I'd on briefly like stockd. our of recent
alternate which providers, includes classes offices facility, that Our of centers internally initially marketplace select on physician e-commerce developed the and home market, or focus facilities site among others. serving in senior trade living like non-acute imaging will health
to our stockd of healthcare efficient. ongoing supply increased out a natural and our efforts supply chain the extension more is make chain competition Building expertise, foster
platform relationships form We and time-saving leverage significant pricing expect qualified expertise, the to supplier decisions. purchasing to purchasing Premier's this ability and offer in
alternate revenue core we Premier, chain providing contract capability to penetration administrative net supply our enhance members. fees incremental our by helps as stockd further it for drive expect site For
strategies. on chain continuous capabilities our enhancing now well our performance focus technology enabled both forward, in core we enterprise on remain believe Looking further positions developing our developing us and and new while analytics future. supply focused ones improvement the We and
Thank today. time you for your
the and Administrative our Officer. Chief call over let McKasson, turn Craig Now to Financial me
