Navigation Links
New Novation CV Watch Shows Recent Technology Innovations Could Drive Cardiovascular Product Costs Up by as Much as 35 Percent
Date:7/24/2014

IRVING, Texas, July 24, 2014 /PRNewswire/ -- To help health care organizations better understand trends in the cardiovascular market that could impact patient care and the bottom line, Novation released its Spring 2014 CV Watch, "Innovations in Cardiovascular Devices." 

The semi-annual Novation report provides hospitals with guidance and details on promising new technologies that can help them better serve patient needs and understand how these options impact the supply chain.   According to the latest report, projected price increases for cardiovascular products are being driven by new devices such as percutaneous aortic valves, magnetic resonance imaging conditional pacemakers, leadless pacemakers and left atrial appendage closure systems.  While average selling prices for cardiac implants are anticipated to drop 2 to 6 percent this year, it appears hospital cardiovascular departments may see their overall costs increase by as much as 35 percent in the next several years due to product innovations.

"Our latest CV Watch provides the valued hospital members that we serve with vital insights to help them care for their patients and thrive in an increasingly competitive, cost-centric health care environment," said David Richman, Vice President, Sourcing Operations, Physician Preference, Novation.

The Novation CV Watch compiles the potential economic impact, reimbursement guidelines and clinical studies for each procedure and device to help hospitals make informed purchasing decisions. In the latest issue, Novation focuses on several categories:

  • Transcatheter heart valves
  • Left atrial appendage closure
  • Cardiac assist devices
  • Other emerging cardiovascular products and systems

Novation regularly attends cardiovascular industry meetings to gain insight to help hospitals better understand new techniques and devices, most of which are not yet approved for use in the U.S.

According to the CDC, heart disease is the leading cause of death for both men and women.  In addition, coronary heart disease alone costs the United States $108.9 billion each year which includes the cost of health care services, medications, and lost productivity. 

Members of VHA, Inc., UHC, Children's Hospital Association and Provista purchased about $3 billion through the Novation cardiovascular contract portfolio in 2013. 

For more information about Novation's Physician Preference Item Program, please visit https://www.novationco.com/programs/physician_preferred.asp.

About Novation, Winner of the Ethics Inside® Certification
Founded in 1998, Novation is the leading health care supply chain expertise, analytics and contracting 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. Novation provides alliance members with sourcing services, as well as information and data services. Based in Irving, Texas, Novation develops and manages competitive contracts with more than 800 suppliers. Members of VHA, UHC, Children's Hospital Association and Provista used Novation contracts to purchase approximately $49 billion in 2013. Novation has earned the coveted Ethics Inside® Certification from Ethisphere Institute, a leading international think tank dedicated to the research and promotion of best practices in corporate ethics and compliance. Novation was also named on Ethisphere's World's Most Ethical Companies list and is the only company in the health care industry to earn both distinctions for three consecutive years. To learn more about Novation, please visit http://www.novationco.com and follow @NovationNews.


'/>"/>
SOURCE Novation
Copyright©2014 PR Newswire.
All rights reserved

Related medicine technology :

1. Austen BioInnovation Institute in Akron Attracts Nationally Known Speakers For Conference on Value-driven Engineering, April 23-24
2. Netsmarts Focus on Innovation to Help Health and Human Service Providers Span the Spectrum of Care in the Healthcare 3.0 Environment
3. Young Innovations, Inc. Announces Record Sales and EPS for the Quarter Ended March 31, 2012
4. Senate HELP Committee OKs Food and Drug Administration Safety And Innovation Act
5. Richard Wolf Medical Instruments Corporation: 40 Years of Innovation
6. Hanger clinicians honored with 2012 Tribeca Disruptive Innovation Award
7. Novation Inks Supplier Contract Category Agreement for Masimo SET® pulse oximetry and rainbow® SET Pulse CO-Oximetry™
8. Nonin Medical Awarded Novation Contract for Clinically Proven Pulse Oximeters
9. Bacterin International Signs Its Third National GPO Contract with Novation
10. Young Innovations, Inc. Board Of Directors Declares Quarterly Dividend
11. Frost & Sullivan Recognizes Labcyte for its Commitment to Innovation and Addressing Unmet Needs in the Liquid Handling Market
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:6/24/2016)... , June 24, 2016  Collagen Matrix, Inc., ... development and manufacturing of collagen and mineral based ... today that Bill Messer has joined ... to further leverage the growing portfolio of oral ... Bill joins the Collagen Matrix executive ...
(Date:6/24/2016)... -- Research and Markets has announced ... Applications, Technologies, Forecasts" report to their offering. ... Smart Skin, Structural Health Monitoring, Composite Smart Structures, ... involves electronic and/or electrical components and circuits that ... such as vehicle bodies or conformally placed upon ...
(Date:6/24/2016)... Research and Markets has announced the addition of ... report to their offering. ... The World Market for Companion Diagnostics covers the world market ... the report includes the following: , World ... Region (N. America, EU, ROW), 2015-2020 , World IVD ...
Breaking Medicine Technology:
(Date:6/24/2016)... ... ... Those who have experienced traumatic events may suffer from a complex set of ... or alcohol abuse, as a coping mechanism. To avoid this pain and suffering, Serenity ... event. , Trauma sufferers tend to feel a range of emotions, from depression, guilt, ...
(Date:6/24/2016)... (PRWEB) , ... June 24, 2016 , ... Marcy was in a crisis. Her son ... lash out at his family verbally and physically. , “When something upset him, he couldn’t ... would use it. He would throw rocks at my other children and say he was ...
(Date:6/24/2016)... , ... June 24, 2016 , ... Global law firm ... 2016 Legal Elite. The attorneys chosen by their peers for this recognition are considered ... Seven Greenberg Traurig Shareholders received special honors as members of this year’s Legal Elite ...
(Date:6/24/2016)... San Diego, CA (PRWEB) , ... June 24, 2016 , ... ... up with the American Cancer Society and the Road To Recovery® program to drive ... care to seniors and other adults to ensure the highest quality of life and ...
(Date:6/24/2016)... ... June 24, 2016 , ... People across the U.S. are sharpening their ... Award, an essay contest in which patients and their families pay tribute to a ... the 2016 National Society of Genetic Counselors (NSGC) Annual Education Conference (AEC) this September. ...
Breaking Medicine News(10 mins):