Cohealo, a sharing economy company in healthcare, entered a group purchasing agreement with Premier. The contract will enable Premier members, at their discretion, to access Cohealo’s sharing platform to reduce equipment needs this capital planning season and unlock savings opportunities.

Premier is a healthcare improvement company, uniting an alliance of approximately 4,100 U.S. hospitals and 200,000 other providers to transform healthcare. With integrated data and analytics, collaboratives, supply chain solutions, advisory and other services, Premier aims to enable better care and outcomes at a lower cost.

“Cohealo saves health systems money by sharing medical equipment between their owned and affiliated facilities, enabling hospitals to fulfill capital requests that might otherwise be unaffordable due to COVID-19 financial challenges,” Todd Rothenhaus, MD, CEO of Cohealo, said. “The Premier team has a long history of collaborating with member health systems to deliver the best possible healthcare at the most affordable price. Cohealo is well aligned with Premier’s mission to deliver meaningful results around cost, quality and access.”

The Cohealo platform reallocates equipment across health networks, taking on logistics, conflict management and communication between lenders and borrowers. Insight into equipment usage drives capital planning that disrupts the clinical equipment replacement cycle, freeing up dollars for more strategic purchases. Cohealo has conducted more than 5,000 shares of more than 100 different equipment types, including microscopes, lasers and surgical robots.

Cohealo is the technology platform for the Dynamic Ventilator Reserve (DVR), a partnership between the White House, the American Hospital Association and leading group purchasing organizations to ease COVID-19-related shortages by sharing ventilators between participating health systems. The DVR is comprised of six of the 10 largest health systems in the U.S. and more than two dozen healthcare networks.