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Premier Inc 's Comment on Competitors and Industry Peers
The markets for our products and services in both our Supply Chain Services segment and Performance Services segment are fragmented, intensely competitive and characterized by rapidly evolving technology and product standards, user needs and the frequent introduction of new products and services. We have experienced and expect to continue to experience intense competition from a number of companies.
The primary competitors to our Supply Chain Services segment are other large GPOs such as HealthTrust Purchasing Group (a subsidiary of HCA Holdings, Inc.), Managed Health Care Associates, Inc. and Vizient, Inc. In addition, we compete against certain healthcare provider-owned GPOs and on-line retailers in this segment. Our direct sourcing activities compete primarily with private label offerings/programs, product manufacturers, and distributors, such as Cardinal Health, Inc., McKesson Corporation, Medline Industries, Inc. and Owens & Minor, Inc.
The competitors in our Performance Services segment range from smaller niche companies to large, well-financed and technologically sophisticated entities. Our primary competitors in this segment include (i) information technology providers such as Allscripts Healthcare Solutions, Inc., Cerner Corporation, Change Healthcare, Epic Systems Corporation, Health Catalyst, Inc., IBM Corporation, Infor, Inc. and Oracle Corporation, and (ii) consulting and outsourcing firms such as Deloitte & Touche LLP, Evolent Health, Inc., Healthagen, LLC (a subsidiary of Aetna, Inc.), Huron Consulting, Inc., Guidehouse Consulting, Inc., Optum, Inc. (a subsidiary of UnitedHealth Group, Inc.) and Vizient, Inc. The primary competitors for our Contigo Health business include AmeriBen, Meritan Health, UMR, WebTPA and Benefit and Risk Management Services for our third party administrative services product, and Carrum Health, Bridge Health, Edison Healthcare, AccessHope and MSK Direct for our Centers of Excellence product.
With respect to our products and services across both segments, we compete on the basis of several factors, including breadth, depth and quality of product and service offerings, ability to deliver clinical, financial and operational performance improvements through the use of products and services, quality and reliability of services, ease of use and convenience, brand recognition and the ability to integrate services with existing technology. With respect to our products and services across both of our business segments, we also compete on the basis of price.
Overall company Market Share Q3 2022 |
*Market share is calculated based on total revenue.
PINC's vs. Competition, Data
(Revenue and Income for Trailing 12 Months, in Millions of $, except Employees)
| COMPANY NAME |
MARKET CAP
(in millions of $) |
REVENUES
(in millions of $) |
INCOME
(in millions of $) |
EMPLOYEES |
| Premier inc |
PINC |
3,999.50 |
1,382.00 |
190.00 |
2,600 |
| Health Catalyst Inc |
HCAT |
790 |
271.79 |
4.49 |
1,200 |
| International Business Machines Corporation |
IBM |
123,807 |
60,539.00 |
1,262.00 |
381,100 |
| Cerner Corporation |
CERN |
28,128 |
5,806.85 |
589.47 |
27,400 |
| Domo Inc |
DOMO |
578 |
251.23 |
-101.52 |
917 |
| Bentley Systems Incorporated |
BSY |
13,456 |
1,083.76 |
190.43 |
4,500 |
| Computer Programs And Systems Inc |
CPSI |
429 |
317.42 |
31.18 |
2,000 |
| Teradata Corporation |
TDC |
3,717 |
1,848.00 |
286.00 |
10,800 |
| Willdan Group inc |
WLDN |
282 |
408.10 |
-8.91 |
637 |
| Kallo Inc. |
KALO |
0 |
0.00 |
-0.71 |
4 |
| Carecloud Inc |
MTBC |
39 |
143.75 |
8.46 |
1,700 |
| Allscripts Healthcare Solutions Inc |
MDRX |
14 |
837.19 |
60.63 |
8,900 |
| Optimizerx Corp |
OPRX |
341 |
63.11 |
-10.49 |
23 |
| Change Healthcare Inc. |
CHNG |
8,977 |
3,497.43 |
-76.95 |
0 |
| Infosys Limited |
INFY |
81,333 |
16,311.00 |
2,968.00 |
259,612 |
| Oracle Corporation |
ORCL |
246,097 |
87,769.00 |
8,796.00 |
135,000 |
| Evolent Health Inc |
EVH |
2,742 |
931.52 |
-45.76 |
3,500 |
| SUBTOTAL |
514,730.63 |
181,460.79 |
14,142.29 |
839,893 |
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