Company Profile:
Based in Irving, Texas, Novation is the industry’s leading health care contracting services company, delivering unmatched savings and value to the members of VHA Inc. and the University HealthSystem Consortium.
VHA and UHC, two national health care alliances that serve 2,500 health care organizations nationwide, own Novation. As health care cooperatives, both VHA and UHC distribute a significant portion of their net income to their members.
Novation manages more than 900 contracts covering hundreds of thousands of products produced by domestic and international manufacturers—almost one-quarter of these are deemed small businesses.
Hospitals purchase more than $27.5 billion worth of medical supplies, devices and drugs annually through Novation’s contracts.
By combining scale and agility with clinical and product expertise, Novation offers the most extensive range of innovative contracting services including: contract development, contract and supplier management, custom contracting, enhanced savings programs, data analytics and tools, and connectivity services.
In addition, Novation has dedicated resources and expertise to help hospitals save money on the purchases of new or innovative technologies. Member councils guide Novation’s contracting practices, and its public competitive bidding process creates opportunities for all manufacturers to participate.
