ForHealth Technologies, Inc. Signs Agreement with Novation
Contract Offers VHA Inc. and UHC Members I.V. Automation Technology with Proven Benefits for Pharmacy, Nursing and Hospital Operations
IRVING, TX – July 12, 2006 – ForHealth Technologies Inc. announced today it has signed an agreement with Novation, the health care contracting services company of VHA Inc. and University HealthSystem Consortium (UHC) for IntelliFill i.v. IntelliFill i.v. is the first robotic technology to automate i.v. compounding and labeling with speed, accuracy and reductions in touch contamination risks. The agreement, which is Novation’s first with an i.v. automation technology firm, began on July 1, 2006 and runs though June 30, 2009.
IntelliFill i.v. automates the compounding and labeling of intravenous medication doses in syringes at speeds, accuracy and reduced risks of touch contamination often not possible using manual processes. The robotic system employs barcode scanning, vision systems, weight confirmation steps and delivers patient-labeled, barcoded syringes prepared in an ISO Class 4 environment. As a result, IntelliFill i.v. is helping hospitals across the U.S. realize advances in patient safety, reductions in drug budgets and inventories, and overall improvements in operating efficiencies.
“As always, we want VHA and UHC members to have the most innovative and proven medical technology,” said Michael McGiboney, senior product manager at Novation. “Thanks to this agreement, IntelliFill i.v. will be available to VHA and UHC members for use in their facilities.”
“With this agreement VHA and UHC members will greatly benefit from ForHealth Technologies various financial incentive programs for our IntelliFill i.v. technology,” said Joel Osborne, president, ForHealth Technologies. “We look forward to working with Novation and its sales force to further educate the VHA and UHC membership on how IntelliFill i.v. can help them achieve their patient safety, operational, and regulatory goals.”
About ForHealth Technologies Inc.
Founded in 1998, ForHealth Technologies, Inc., a leader in automated devices for intravenous drug preparation, is committed to increasing patient safety and decreasing operating costs by automating the preparation of small-volume injectable medications in healthcare organizations worldwide. Offering safety, accuracy, efficiency and reliability, its IntelliFill i.v. automates the preparation of i.v. syringes, greatly enhancing both the safety of patients and the efficiency of hospital pharmacies. For more information, please visit www.fhtinc.com.
About Novation
Based in Irving, Texas, Novation is the leading health care contracting services company, delivering unmatched savings and value to nearly 2,500 members of VHA Inc. and the University HealthSystem Consortium (UHC), two national health care alliances. Through its public competitive bid process, Novation develops and manages contracts with more than 700 suppliers, both large and small. By combining scale and agility with clinical knowledge 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, online contract management and analytical tools, order management and online supplier connectivity. VHA and UHC members used Novation's contracts to purchase more than $25 billion in supplies in 2005.
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