NEWS RELEASE
Novation Signs New Technology Agreement with Edwards Lifesciences
IRVING, TX; March 9, 2006 Novation, the health care contracting services company of VHA Inc., and the University HealthSystem Consortium (UHC), has signed a single-source, new technology agreement with Edwards Lifesciences for central venous oximetry catheters, which includes the Edwards PreSep catheters.
The agreement began on Feb.1, 2006 and will run through Jan. 31, 2009. The agreement was awarded through Novation’s new-technology evaluation, which accelerates the review process so new and improved technologies do not have to wait for a scheduled competitive bid. The process allows VHA and UHC members speedier access to savings on the latest FDA approved medical technology.
The Edwards PreSep catheters provide central venous oxygen saturation monitoring via a central venous catheter platform allowing for real-time monitoring of a patient’s condition and assesses the patient’s clinical response to intervention.
“This is our 50th agreement through Novation’s innovative technology program and it represents our ongoing commitment to ensuring that member health care organizations have the latest and emerging health care technologies on contract, thereby improving health care delivery and ultimately patient outcomes,” said Cathy Denning, senior director, contract and program services at Novation.
###
About Novation
Founded in 1998, Irving, Texas-based, Novation is the leading health care contracting services company, delivering unmatched savings and value to nearly 2,500 members of VHA Inc. and the University HealthSystem Consortium (UHC), two national health care alliances and nearly 12,000 members of Provista, LLC. Through its competitive contracting process, Novation develops and manages contracts with more than 500 suppliers. Novation offers the most extensive range of advanced contracting services, including: contract development, contract and supplier management, custom contracting, enhanced savings programs, online contract management and analytical tools, order management and online supplier connectivity. VHA, UHC and Provista members used Novation contracts to purchase more than $33.1 billion in 2007.
Media Contact
Kathryn Goldstein
Director, Public Relations
Novation
(972) 581-5529
kgoldste@novationco.com
|