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TO BUSINESS, AND MEDICAL EDITORS:
New Novation Capital Group Buys Help Hospitals Achieve Savings of Up
to 82 Percent
IRVING, Texas, April 8, 2014 /PRNewswire/ -- Novation, the leading
health care supply chain expertise, analytics and contracting company,
announced the availability of new National Group Buys for the second
quarter that enable health care organizations to save up to 82 percent
on capital equipment purchases.
Novation, which serves the more than 100,000 members and affiliates of
VHA Inc., UHC, Children's Hospital Association, and Provista, LLC, has
helped hospitals save over $720 million on more than 45 major
categories of equipment through its Group Buys program, which offers
significant savings on key products and services on quarterly basis.
In addition, since its inception in 2005, more than 3,500
organizations have purchased $3.3 billion of capital products through
the program.
The current Group Buy agreements, effective through June 30, 2014,
offer savings to members on a wide variety of products across 29
different categories including blood gas and reagents, C-Arms,
chemistry/immunochemistry, coagulation, cold storage, cribs, CT
scanners, CV suites, exam room equipment, furniture, hematology,
general radiography, hemodynamic and electrophysiology monitors,
lasers, mammography, meal delivery systems, micro ID sensitivity, MRI,
MRI peripherals, nuclear medicine, O.R. lights and accessories, O.R.
tables and accessories, patient beds, patient monitors, PET/CT,
radiology fluoroscopy equipment, televisions, ventilators and
ultrasound.
In addition, agreements for products were awarded to several suppliers
including Philips Healthcare, Cardinal Healthcare, Dinex, Herman
Miller, Invivo, Linet America, Lumenis, MDM Commercial Enterprises,
Midmark Corp., NK Medical, Siemens Healthcare Diagnostics, and
Skytron.
"Our suppliers consistently bring additional value to the broad range
of members we serve. This quarter is no exception," said Mike Clemens,
Vice President, Sourcing Operations, Capital, Construction and
Imaging, Novation. "For example, we are now offering group buys on
highly distributed capital. For the first time in the program, this
quarter features an offer from Midmark, enabling members to receive a
cash rebate after purchase on barrier-free exam tables."
About Quarterly Group Buys The National Group Buys program aggregates
member purchasing volume on a quarterly basis to maximize savings
opportunities. The promotions typically provide members with
double-digit cost saving opportunities on a wide range of product
categories. The program also includes several value-added benefits
offered by suppliers to health care organizations including
incremental payment terms, reduced or free shipping, extended delivery
terms, multimodality discounts, financing options and service
discounts.
The quarterly Group Buys are one of several innovative programs from
Novation designed to help members achieve even greater savings,
including Standardization, NOVAPLUS, Pharmacy and the Committed
Portfolio.
About Novation, Winner of the Ethics Inside@ Certification Founded in
1998, Novation is the leading health care supply chain expertise,
analytics and contracting company for the more than 100,000 members
and affiliates of VHA Inc. and UHC, two national health care
alliances, Children's Hospital Association, an alliance of the
nation's leading pediatric facilities, and Provista, LLC. Novation
provides alliance members with sourcing services, as well as
information and data services. Based in Irving, Texas, Novation
develops and manages competitive contracts with more than 800
suppliers. Members of VHA, UHC, Children's Hospital Association and
Provista used Novation contracts to purchase approximately $49 billion
in 2013. Novation has earned the coveted Ethics Inside@ Certification
from Ethisphere Institute, a leading international think tank
dedicated to the research and promotion of best practices in corporate
ethics and compliance. Novation was also named on Ethisphere's World's
Most Ethical Companies list and is the only company in the health care
industry to earn both distinctions for three consecutive years. To
learn more about Novation, please visit http://www.novationco.com and
follow @NovationNews.
SOURCE Novation
-0- 04/08/2014
/CONTACT: Michael Berman, Novation, 972.581.5763, mberman@novationco.com
/Web Site: http://www.novationco.com
CO: Novation
ST: Texas
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SU: PDT
PRN
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0000 04/08/2014 12:00:00 EDT http://www.prnewswire.com
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