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Novation Big Data Selected by Computerworld as 2013 Data+ Editor's Choice
Date:8/26/2013

IRVING, Texas, Aug. 26, 2013 /PRNewswire/ -- Novation, the leading health care supply chain expertise, analytics and contracting company, was named today by IDG's Computerworld as a 2013 Data+ Editor's Choice award honoree.  The award recognizes successful big data initiatives that illustrate how data is being mined to analyze and predict business trends and monetize the information.

One of only 12 companies in the U.S. chosen by Computerworld editors, Novation was recognized for its development of supply chain and data analytics solutions that help hospitals reduce purchasing costs and increase supply chain efficiencies.  

"The organizations honored in this year's Data+ Editor's Choice awards program have unearthed the business value that's rooted throughout big data," said Scot Finnie, editor in chief, Computerworld. "The projects spotlighted are tapping into big data to analyze and influence customer behavior, drive new business revenues and predict future trends. Each of the organizations is raising our understanding of big data to new levels, while at the same time opening the door for other organizations to follow their lead. It's an exciting time in the big data field."

Novation's Information and Data Services team created a comprehensive suite of price-benchmarking and cost-management analytic applications in the medical, surgical and pharmaceutical areas.  The database includes data from more than 2,400 member organizations representing $65 billion in annual spending.  The data and analytic tools help hospital organizations effectively manage costs throughout the supply chain, which typically make up the second largest expense, after labor costs.

"Hospital purchasing is extremely complex.  Information changes constantly so it is imperative that the hospital members we serve have the ability to harness the power of big dat
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SOURCE Novation
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