NEWS RELEASE
Novation Honors 151 Member Hospitals for Achievements through Standardization
Annual Participation Leader and Executive Savings Awards Recipients Announced
IRVING, TX; September 10, 2009 — Novation, the leading health care contracting services company of VHA Inc., University HealthSystem Consortium (UHC) and Provista, LLC, announced the winners of its annual Standardization Program Awards . The award program has two categories, The Participation Leader Award and The Executive Savings Award. Each award category recognizes a specific achievement through Novation’s Standardization Program. This year, Novation honored 151 member hospitals for their participation in the Novation Standardization Program. In 2008, 130 member hospitals were honored.
“The increase in award winners this year is another proof point on how hard the hospitals are working to reduce costs where they can. Standardizing is not always the easiest thing to accomplish, but the benefits are evident by the substantial savings these winners achieved,” said Kathy Harlan, senior director Novation standardization programs.
The Participation Leader Award recognizes those participating institutions that have successfully implemented all 9 of Novation’s Standardization Program offerings. There were 81 members who received the award.
The Executive Savings Award recognizes those members who have cumulatively saved over a $250,000 in rebates. By maximizing standardization opportunities, members increase the amount of rebates they receive through the Novation Standardization Program. There were 65 members that were recognized with the Executive Savings Award.
The winners each received a commemorative award for display.
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About Novation
Founded in 1998, Novation is the leading health care supply contracting company for more than 25,000 members of VHA Inc. and the University HealthSystem Consortium (UHC), two national health care alliances, and 5,500 members of Provista, LLC, representing 28,000 sites. Novation provides alliance members contract and price management and spend management services. Based in Irving, Texas, Novation develops and manages competitive contracts with more than 600 suppliers. VHA, UHC and Provista members used Novation contracts to purchased nearly $37.8 billion in 2009.
Media Contact
Kathryn Goldstein
Director, Public Relations
Novation
(972) 581-5529
kgoldste@novationco.com
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