Navigation Links
Allina Hospitals & Clinics to Save on Commodity Supply Purchases Through Novation's New Committed Portfolio
Date:5/17/2011

IRVING, Texas, May 17, 2011 /PRNewswire/ -- Allina Hospitals & Clinics, which serves patients throughout Minnesota and western Wisconsin, has simplified its commodity supply management strategies with the help of VHA Inc, the national health care network and Novation, VHA's supply contracting company.  

Novation launched its new committed portfolio in January of 2011.  This portfolio offers savings on a variety of high-spend commodity categories, including medical/surgical products, laboratory distribution and others.

"Novation's new committed portfolio provides us many benefits.  Beyond the obvious price savings, this portfolio allows our staff to concentrate their contracting efforts on more complex product categories," said Cheryl Harelstad, vice president supply chain management at Allina.  "We have confidence that pricing is being monitored on a constant basis and that we are saving both time and money."

Novation provides continuous price monitoring through comprehensive analytics tools to ensure that contract pricing remains advantageous for those participating in the committed portfolio.  Initial analysis shows savings ranging from 2 to 8 percent for participating members.    

"The members of VHA, UHC and Provista have expressed great interest in the new committed portfolio.  Because of the diverse membership we serve, we are constantly looking for new and innovative approaches to provide greater savings and efficiencies for all members," said John Thompson, vice president, strategic programs at Novation.

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 more than 30,000 sites. Novation provides alliance members sourcing and information and data 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 purchase nearly $40 billion in 2010.


'/>"/>
SOURCE Novation
Copyright©2010 PR Newswire.
All rights reserved

Related medicine technology :

1. Allina Hospitals & Clinics Makes Long Term Commitment to IOD
2. Greenways PrimeSUITE Endorsed by Allina Hospitals & Clinics
3. CVS Caremarks MinuteClinic and Allina Hospitals & Clinics Form Strategic Partnership
4. University Hospitals Seidman Cancer Center Announces $30 Million Proton Therapy Center
5. Premier Member Hospitals Can Now Save 60% on Their Medical Waste Disposal Costs Through a New Agreement for On Site Waste Treatment
6. Leading Hospitals Committed to Healthcares Adoption of GS1 Standards Use Omnicell Solutions for Supply Chain Management
7. MetroSouth Medical Center One of First Hospitals in Chicago to Offer New Pacemaker that is MRI-Safe
8. Patient Satisfaction and Patient Education Increase When Hospitals Offer Interactive Technology
9. New Report from Childrens Hospitals and Clinics Shows Vaccination Rates Declining among Minnesota Children
10. DMC Harper-Hutzel Hospitals Unveil Most Advanced Smart Rooms!
11. SuccessEHS Announces its Enterprise Ambulatory EHR Solution for Hospitals
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:5/6/2016)... , May 6, 2016  Hill-Rom Holdings, Inc. (NYSE: ... of Directors declared a fiscal year 2016 third quarter ... percent increase over the amount paid a year ago. ... record as of the close of business on June 10, ...    Hill-Rom is a leading global medical technology ...
(Date:5/5/2016)... Ltd. today reported initial promising results in animal trials of its Zika vaccine candidates. ... ... ... ... Pubmed. The analysis identified the highest gene Replikin Counts in Zika history back to ...
(Date:5/5/2016)... , First quarter 2016 adjusted diluted earnings per share ... , First quarter reported diluted (GAAP) loss per share ... revises 2016 financial guidance; now expects 2016 revenues to range ... non-GAAP earnings per share to range from $4.50 to $4.80 ... and manufacturing facility restructuring , Company expands ...
Breaking Medicine Technology:
(Date:5/6/2016)... ... May 06, 2016 , ... The National Association of Chain ... in Puerto Rico. Radio messages set to debut on Monday, May 9, and ... about ways to protect themselves and their unborn children from the effects of ...
(Date:5/6/2016)... ... May 06, 2016 , ... DrugDev President and CEO Ibraheem ... pharmaceutical industry conducts clinical trials. This month Ibs was named No. 20 on The ... he was honored as a Tech Disruptor by the Philadelphia Business Journal. , Stephanie ...
(Date:5/6/2016)... (PRWEB) , ... May 06, 2016 , ... ... Bluvault's Integration Service, their latest implementation service offering for global clients of Coupa ... Appterra ). , Bluvault’s Integration Service is a key component in the ...
(Date:5/6/2016)... ... 06, 2016 , ... From May 4 to 6, EarQ and ... opportunity to learn more about Signia’s technology and the successful business and marketing techniques ... priority to see practices succeed in this highly competitive industry,” said Ed Keller, president ...
(Date:5/6/2016)... ... May 06, 2016 , ... Multiple award winning plumbing ... operated for over 35 years. Maintaining core values of exceptional customer service, quality work ... made them a leading name in San Diego plumbing, and other services including heating ...
Breaking Medicine News(10 mins):