NEWS RELEASE
Novation National Group Buys Saved Members More Than 23 Percent In Nine Product Categories
IRVING, TX; January 21, 2010 – Reinforcing Novation’s commitment to securing the best price for the health care providers it serves, the final savings figures for the group buy which ended in September reveal that participating members of VHA Inc., University HealthSystem Consortium (UHC) and Provista, LLC saved more than 23 percent. Novation’s group buys program combines member purchasing volume to maximize savings opportunities.
Each of the nine categories in the group buys was validated by MD Buyline using an independent, objective review to ensure that members receive market-best value. A five-point scale was used to validate market best value: price, service, terms and conditions, appropriate technology, and special concessions offered.
The group buys included the following categories and suppliers:
| Validated Group Buy Category |
Supplier |
Cardiovascular/Interventional Imaging Equipment |
Siemens |
MRI |
Siemens |
CT Scanners |
Siemens |
Endoscopic Equipment |
Stryker |
Immunochemistry Equipment |
Siemens |
Nonpowered Dynamic Air Mattresses |
KCI |
Office Equipment |
Xerox |
Patient Monitors |
Spacelabs |
PET/Nuclear Medicine Equipment |
Siemens |
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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 nearly 15,000 members of Provista, LLC. Novation offers its customers contract development and management, supply chain data and measurement, and industry knowledge and advocacy. Based in Irving, Texas, Novation develops and manages competitive contracts with more than 500 suppliers. VHA, UHC and Provista members used Novation contracts to purchased nearly $35.7 billion in 2008.
Media Contact
Kathryn Goldstein
Director, Public Relations
Novation
(972) 581-5529
kgoldste@novationco.com
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