NEWS RELEASE
Novation Signs Four Contracts through New Technology Evaluation Process
IRVING, TX; July 25, 2006 — Novation, the health care contracting services company of VHA Inc., and the University HealthSystem Consortium (UHC), has signed new technology agreements with four suppliers — Arrow International Inc., ForHealth Technologies, Iris Diagnostics and Sizewise Rentals, LLC.
These agreements were 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.
“Novation helps VHA and UHC members improve and advance patient care by contracting for new and emerging health care technologies,” noted Cathy Denning, senior director, contract and program services. “Since the inception of the new technology evaluation process, Novation has awarded 52 contracts for innovative products.”
Below are the four latest medical technologies available to VHA and UHC member hospitals through Novation:
| Supplier |
Product & Description |
Agreement Date |
Arrow International |
StimuCath® Stimulating Catheters
Arrow’s StimuCath® enables nerve stimulation through both the needle and the catheter, ensuring precise placement for continuous plexus and peripheral nerve block. |
6/1/06 - 5/31/09 |
ForHealth Technologies |
IntelliFill
A robot used to prepare small volume IV medications for patient administration. The robot prepares the syringes in an aseptic environment and utilizes weights and bar coding to ensure accuracy. The final product is labeled and ready for delivery to nursing units. |
7/1/06 - 6/20/09 |
Iris Diagnostics |
iQ® Body Fluids Module
The addition of the body fluids on Iris Diagnostic’s cell analyzer is FDA-approved to examine and count the red blood cells and nucleated cells in cerebrospinal fluid and serous fluids. |
5/15/06 - 5/14/07 |
Sizewise Rentals, LLC |
Big Turn™ Bariatric Rotational Mattress
The Big Turn bariatric, rotational, low-air-loss therapy mattress is the only product on the market that provides full lateral rotation for the bariatric patient weighing up to 1000 pounds. The Big Turn limits caregiver injury risks and has two rotational modes. |
7/1/06 - 6/30/09 |
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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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