A team of 5 international healthcare group purchasing organizations, including U.S.-based Novation, joined forces to form the Global Healthcare Procurement Alliance.
The new partnership is committed to "continuing the dialogue and the expansion of the global effort to reduce health care supply chain costs," according to a press release.
Other members of the accord include GPO-Healthcare of the Netherlands, NHS Commercial Solutions of the U.K., Resah-IdF of France and SingHealth of Singapore.
The Alliance grew out of an initiative launched in Paris in June, where more than a dozen supply chain experts from the 5 countries were in attendance, according to a press release.
The members hope to benefit from shared data, expertise, knowledge and economies of scale across the various geographies.
The team promises to have a strong player in Novation, which touted earlier this year that it had saved its members more than $1 billion through rebates since the organization’s founding.
The group will also have a fierce ambassador in Novation CEO Jody Hatcher, who told MassDevice.com that he is “ruthlessly focused” on driving down healthcare costs.