NEWS RELEASE
Novation Launches 2006 Group Buys for Capital Equipment
Hospitals Saved $41 Million Through Novation’s Group Buy Program in 2005
IRVING, TX; March 14, 2006 — Novation, the health care contracting services company of VHA Inc. and University HealthSystem Consortium (UHC), launched its 2006 national group buy strategy to provide additional savings to VHA, UHC and Healthcare Purchasing Partners International (HPPI) members.
Novation launched its national group buy program in early 2005, and since then, 677 VHA, UHC and HPPI members have saved $41million through the initiative.
“Novation offers VHA, UHC and HPPI members the opportunity to save a significant amount of money on the products they spend the most money on,” said Denise Rubin, senior director of capital equipment at Novation. “The high member participation in the group buy program shows that health care organizations find value in group buy purchasing.”
Several group buys are in progress, and they include:
Product Category |
Manufacturer(s) |
Timeframe |
Imaging Equipment
- MRIs and CT Scanners
- Ultrasound
|
GE
Siemens |
2/1/06 – 4/30/06 |
Patient Beds |
Hill Rom |
2/1/06 – 4/28/06 |
Laboratory Equipment
- Coagulation Equipment
- Hematology Equipment
|
Dade Behring
Bayer
Sysmex |
3/1/06 – 3/31/06 |
Novation’s group buys are developed based on in-depth member interviews and analyses of members’ capital budgets.
Novation has seven group buy periods which include several diagnostic imaging and non-imaging equipment categories scheduled for 2006. A new round begins April 1, giving members access to additional savings opportunities on costly medical technologies.
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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
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