IRVING, Texas, Nov. 2, 2011 /PRNewswire/ -- Novation commends the White House for raising awareness of the drug shortage crisis facing America's hospitals through its October 31st Executive Order.
The Order, along with the announced support of the bipartisan legislation – (S. 296 and H.R. 2245) – currently pending in Congress, should begin to establish a framework by which the quality and resiliency of the pharmaceutical supply chain can be improved. The Order is especially important in that it calls upon both the manufacturer community and the Food and Drug Administration itself to take steps to improve the current emergency situation through improved reporting of potential shortages and well as implementation of expedited regulatory review where possible.
The drug shortages facing America's hospitals remain at critical levels and continue to impact both patients and providers. Cooperation throughout the industry is necessary to improve this situation, and measures such as the President's Order and the proposed legislation will help alleviate the problem.
Novation is committed to continue working closely with the FDA, drug manufacturers, and other GPOs to help hospitals access necessary pharmaceuticals.
Founded in 1998, Novation is the leading health care supply contracting company for more than 25,000 members of VHA Inc. and 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 approximately $40 billion in 2010. More information about Novation can be found at www.novationco.com.
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