Founded in 1998, Novation is a health care services company for the more than 100,000 members and affiliates of VHA Inc. and UHC, two national health care alliances; Children's Hospital Association, an alliance of the nation's leading pediatric facilities; and Provista, LLC.
In April 2015, VHA and UHC officially became one company, and Novation is a wholly owned subsidiary. Our new organization offers superior access to leading practices, networking and knowledge sharing for our members, which includes the majority of this country’s preeminent academic medical centers and community based health systems. From our front-line employees to our distinguished Board of Directors, our new company brings together the best and brightest in health care – with a singular dedication to the success of our members.
Novation, a VHA and UHC company, drives the success of alliance members by combining aggressive supply cost management, deep industry expertise and world-class intelligence. The members that Novation serves use the company’s unique programs, cost management expertise and extensive analytical tools, workflow capability and data to make better decisions and thrive in a new era of health care.
Reducing Costs and Increasing Quality – Helping the Members We Serve
Based in Irving, Texas, Novation develops and manages competitive contracts with more than 700 suppliers. By representing a large number of hospitals and health care providers, we negotiate significantly lower prices for all types of medical devices, goods and services. The value we create for our alliance partners and their respective health care organizations goes beyond contracting, which helps lower health care costs and increase quality:
- $56.9 billion in products and services purchased in 2014 by members of VHA, UHC, Children’s Hospital Association and Provista
- More than $1.7 billion of savings in contract price improvements over the past five years
- $1.4 billion in savings through analytics tools since 2010
We Place the Highest Value on Ethics
We have implemented best practice standards and a leadership culture that promotes ethical practices.
Novation has earned the coveted Ethics Inside® certification from Ethishpere, a leading think-tank on ethics in business. This designation is only given to a small number of companies that demonstrate a superior employee and leadership culture that promotes ethical business.For the last four years, Novation is the only company in the health care industry to have earned both the Ethics Inside Certification and recognition by Ethisphere as among the World’s Most Ethical Companies.