Premier, Inc.'s Insurance Subsidiary Expands Physician Professional Liability Offerings

Premier Insurance Management Services Partners With Preferred Professional Insurance Company

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| Source: Premier, Inc.

CHARLOTTE, N.C., Jan. 17, 2014 (GLOBE NEWSWIRE) -- Premier Insurance Management Services, Inc. (PIMS), a wholly owned subsidiary of Premier, Inc. (Nasdaq:PINC), has partnered with Preferred Professional Insurance Company® (PPIC®) to expand Premier's insurance offerings in physician professional liability.

The new agreement with PPIC provides Premier PIMS members with:

  • A competitively priced physician professional liability product with risk management and claims-free discounts;
  • Free Continuing Medical Education (CME) credits;
  • Customized practice assessments for physicians and staff members;
  • "Consent to Settle" coverage to ensure rights under the policy are protected; and
  • A quarterly interest free payment plan.

"PPIC's unique professional liability product offers a valuable opportunity for associated Premier physicians to receive expert risk education and services," said Robert Dowdy, president of PIMS.

Ann Wozny, PPIC vice president of business development and agency services, said, "We are excited to partner with PIMS and offer our products and services to their associated physicians. I believe they will quickly find what sets us apart from other carriers is our personal attention and commitment to providing the highest quality product at the most affordable price available."

PPIC is an A-Excellent (A.M. Best) rated financially strong company that is owned by a group of Catholic health systems. PIMS provides contracted insurance management services for hospital and health system members of Premier through agreements with national commercial insurance carriers.

About Premier Insurance Management Services Inc. (PIMS)

Incorporated in 1987, PIMS is an Illinois for-profit corporation wholly owned by Premier, Inc. PIMS provides contracted management services for American Excess Insurance Exchange, Risk Retention Group (AEIX), and is attorney-in-fact for Premier Insurance Exchange, Risk Retention Group (PRx). PIMS also serves as program manager offering enhanced endorsed programs with leading commercial insurers through a comprehensive portfolio of property, casualty and employee benefit products. Other services include providing claims and risk management assessments and education offerings regarding medical professional liability for hospitals and their physicians. For more information, visit www.premierinc.com.

About Premier, Inc.

Premier, Inc. (Nasdaq:PINC) is a leading healthcare improvement company, uniting an alliance of more than 2,900 U.S. hospitals and nearly 100,000 other providers to transform healthcare. With integrated data and analytics, collaboratives, supply chain solutions, and advisory and other services, Premier enables better care and outcomes at a lower cost. Premier, a Malcolm Baldrige National Quality Award recipient, 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. Headquartered in Charlotte, N.C., Premier is passionate about transforming American healthcare. Please visit Premier's news and investor sites on www.premierinc.com; as well as Twitter, Facebook, LinkedIn, YouTube, Instagram, Foursquare and Premier's blog for more information about the company.

Alven Weil, Premier, Inc.;
, 704.816.5797