About Innovatix

Best-in-class purchasing programs for providers in the continuum of care.

Company Overview

Innovatix was founded on one core principle: to meet the ever-evolving needs of our members. As a group purchasing organization (GPO), we ensure that our members have the right products and services ― at the right price. To keep pace with our members and their markets, Innovatix offers more than 3,300 contracts from 1,400 industry-leading suppliers. But Innovatix also provides solutions to support member operational, technological, and regulatory challenges.

Owned and powered by Premier, Innovatix has been serving continuum of care providers – including pharmacies, infusion providers, senior living and long-term care facilities, physicians, surgery centers, and more – since 1993. As our name suggests, we are always innovating, extending the deep discounts and member-focused service model we created for the markets we originally served to over 300,000 providers representing the entire continuum of care.

Membership with Innovatix requires no membership fees or mandatory purchasing minimums. Innovatix members have the flexibility to order as much or as little as they need, enjoying bulk-purchase savings with each purchase.

Innovatix is wholly-owned by Premier, Inc. (NASDAQ: PINC). Premier is a leading healthcare improvement company, uniting an alliance of more than 4,350 U.S. hospitals and health systems and approximately 300,000 providers in the Continuum of Care to transform healthcare. With integrated data and analytics, collaboratives, supply chain solutions, consulting and other services, Premier enables better care and outcomes at a lower cost. Premier plays a critical role in the rapidly evolving healthcare industry, collaborating with members to co-develop long-term innovations that reinvent and improve the way care is delivered to patients nationwide. Premier is passionate about transforming American healthcare.

Timeline of Innovation

Throughout our journey, Innovatix has consistently embraced innovation. With roots deeply embedded in healthcare, particularly in pharmacy services, we initially established ourselves as a leading group purchasing organization catering primarily to pharmacies. Over time, our reach expanded to include independent physician practices and long-term care providers. Today, as part of Premier, we have broadened our horizons, extending Innovatix services to encompass a wider spectrum of healthcare providers.

1993

Greater New York Hospital Association (GNYHA) Alternate Care Purchasing Corporation is formed.

1998

GNYHA Alternate Care Purchasing Corporation becomes Innovatix.

2002

Ownership of Innovatix becomes 50 percent GNYHA Ventures and 50 percent Premier.

2008

Premier PSAO™ is launched to help long-term care (LTC), infusion and specialty pharmacies navigate the newly introduced Medicare Part D drug benefit.

2015

Introduction of Scriptmax™, a pharmacy claims analytics service that empowers pharmacies with actionable claims review data during every step of adjudication.

2016

Premier assumes full ownership of Innovatix and Essensa.

2019

Launch of stockd® – a digital solution designed exclusively for GPO members to access and purchase limited-time deals on contracted products and products sourced exclusively for Premier that offer extensive savings.

2021

Innovatix is fully integrated into Premier’s Continuum of Care business unit and becomes the member-facing brand for Premier’s direct CoC GPO members.

2023

Launch of Premier SmartPO® – a digital supply chain procurement and inventory management technology designed specifically for continuum of care (CoC) providers.