NEWS RELEASE
Novation Signs New Technology Agreement with Abbott Diagnostics
IRVING, TX; April 21, 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 Abbott Diagnostics for the OraQuick® Rapid HIV Test Kit.
The agreement began on April 1, 2006 and will run through March 31, 2009. The agreement was not competitively bid, it was awarded through Novation’s new-technology evaluation process, 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 OraQuick Rapid HIV Test is a single-use device intended to provide qualitative results for human immunodeficiency virus type 1 (HIV-1) and type 2 (HIV-2) using oral fluid, finger stick, whole blood and plasma specimens. The product is deemed a moderately complex, CLIA waived test, which means it can be used in a physician’s office setting as well as in the clinical laboratory. Other tests on the market do not have CLIA-waived status.
“As a market leader, we want to ensure that our members have visibility to the latest innovations in medical technology,” said Cathy Denning, senior director, contract and program services at Novation. “We believe that the OraQuick Rapid HIV Test Kit truly represents the next generation of HIV antibody tests and will offer our members incremental benefits in the areas of safety and efficiency.”
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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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