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:6/24/2016)... OAKLAND, N.J. , June 24, 2016 /PRNewswire/ ... in the design, development and manufacturing of collagen ... and regeneration announced today that Bill Messer ... Sales and Marketing to further leverage the growing ... surgery medical devices. Bill joins the ...
(Date:6/24/2016)... , June 24, 2016 The Academy ... of recommendations that would allow biopharmaceutical companies ... with entities that make formulary and coverage decisions, a ... "value" of new medicines. The recommendations address ... not appear on the drug label, a prohibition that ...
(Date:6/24/2016)... , June 24, 2016   Pulmatrix, Inc ... company developing innovative inhaled drugs, announced today that it ... Russell Investments reconstituted its comprehensive set of U.S. ... "This is an important milestone for Pulmatrix," said ... increase shareholder awareness of our progress in developing drugs ...
Breaking Medicine Technology:
(Date:6/24/2016)... ... 24, 2016 , ... A recent article published June 14 on ... article goes on to state that individuals are now more comfortable seeking to undergo ... such as calf and cheek reduction. The Los Angeles area medical group, Beverly Hills ...
(Date:6/24/2016)... ... ... was in a crisis. Her son James, eight, was out of control. Prone to extreme ... “When something upset him, he couldn’t control his emotions,” remembers Marcy. “If there was ... other children and say he was going to kill them. If we were driving ...
(Date:6/24/2016)... San Francisco, CA (PRWEB) , ... June 24, ... ... at CitiDent, is now offering micro-osteoperforation for accelerated orthodontic treatment. Dr. Cheng has ... , self-ligating Damon brackets , AcceleDent, and accelerated osteogenic orthodontics. , ...
(Date:6/24/2016)... (PRWEB) , ... June 24, 2016 , ... People across ... in Genome magazine’s Code Talker Award, an essay contest in which patients and their ... award to be presented at the 2016 National Society of Genetic Counselors (NSGC) Annual ...
(Date:6/24/2016)... Nevada (PRWEB) , ... June 24, 2016 , ... ... Vegas client, The Grove Investment Group (TGIG), has initiated cultivation and processing operations ... in Las Vegas and Pahrump, Nevada. , Puradigm is the manufacturer of a ...
Breaking Medicine News(10 mins):