Novation National Group Buys Offer Members Potential Savings Of Up To 48 Percent On Capital Equipment
Novation, the leading health care contracting supply company, is launching its newest category of group buys for June through September of 2011. Novation's group buys provide substantial cost savings and value-added benefits to the participating members of VHA Inc., University HealthSystem Consortium (UHC) and Provista, LLC. The program combines member purchasing volume to maximize savings opportunities.
Participating members can achieve up to 48 percent savings on capital equipment through the following group buys: centrifuges, CT equipment, CV equipment, digital radiography, mini C-arms, MR equipment, PET/nuclear medicine equipment, reusable hand-held surgical instruments, radiology/fluoroscopy systems, and stretchers.
"Hospitals spend a large percentage of their budget on capital purchases, and they need to make every dollar stretch further," said Brigitte Chorey, capital portfolio director at Novation. "Our group buys consistently provide double digit savings to members. Novation is committed to securing market best prices for the members we serve and these group buys reinforce that commitment."
Since its inception in 2005 members have saved more than $352M on more than 45 major categories of equipment. In addition, members have purchased more than $1.85B through the program since 2005. In 2010 alone, participating members saved more than $66M.
In addition to price, Novation's Group Buys often provide value in the form of incremental payment terms, reduced or free shipping, extended delivery terms, multimodality discounts, financing options, and service discounts.
About Novatio
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 28,000 sites. Novation provides alliance members contract and price management and spend management 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 $40B in 2010.
SOURCE: Novation