Group purchasing goliath Novation inked a new deal with CJPS Healthcare Supplies & Equipment for the Auburn Hills, Mich.-based company’s remote patient monitoring equipment.
The three-year deal gives VHA Inc., UHC and Provista members served by Novation access to special pricing and terms for CJPS’s plug-and-play VitalPoint Home system.
Users of the VitalPoint Home monitor "rave about its ease of use, plug and play connectivity, and flexibility, which leads to an unmatched patient compliance rate, making it ideal for chronically-ill patients or to reduce hospital readmission rates," according to Novation.
Hospital GPOs have been vocal about signing contract recently, perhaps in response to Medtronic Inc.’s (NYSE:MDT) headline-making, Wall Street-pleasing decision to cut several contracts worth an estimated $2 billion a year for its cardiovascular and orthopedic products with Irving, Texas-based Novation in February.
Novation Group inked a deal with Cook Medical last week for its supply of central venous catheters including its Spectrum minocycline and rifampin impregnated catheters, used to reduce the risk of catheter-related bloodstream infections. The contract will go into effect January 1, 2012.
"As demonstrated by these agreements, suppliers continue to find value in the Novation relationship," Novation VP of contract and program services Michael Vintges said in a press release in July. "Suppliers find that participating in our contracts provides increased brand awareness and market share through access to the members we serve."