Irvine, CA (PRWEB) August 26, 2009
Vestara announced today a strategic agreement with leading contract services company Novation, to provide the nearly 2,000 VHA and University HealthSystem Consortium (UHC) and nearly 14,000 members of Provista, LLC with the only automated pharmaceutical waste management solution in the industry. Novation's vast network includes acute hospitals and systems, academic medical centers, ambulatory care and physician clinics, home health and long-term care facilities.
This strategic agreement presents the members with a make-sense solution for pharmaceutical waste management that controls costs and facilitates environmental responsibility. Vestara and Novation both strive to provide the healthcare industry with effective solutions that not only make economic sense for their clients, but that also contribute to preserving the environment.
Vestara's EcoRex® Automated Pharmaceutical Waste Management System utilizes barcode technology already widely used in hospitals to track drug utilization that prevents medication errors and a proprietary, continuously updated database of more than 180,000 National Drug Code (NDC) products, to instantly categorize pharmaceutical waste at time of presentation. By automating the identification and sorting of different types of residual drugs, empty containers, and each hospital's unique admixtures, EcoRex® eliminates the human error and potential cross contamination inherent in manual sorting of pharmaceutical waste to reduce negative impact on the environment. Just as important, relevant data and an audit trail are provided in the form of comprehensive reports for client records.
Vestara (http://www.vestara.com), headquartered in Irvine, CA, provides proprietary technology to automatically identify, sort, and segregate hazardous and non-hazardous pharmaceutical waste into proper waste streams. Vestara's solutions not only assure clients will be compliant with all federal and state laws, but that they will experience a more efficient health system workforce and true cost savings in managing pharmaceutical waste. Most importantly, clients will play a critical role in preserving our precious environment.
Founded in 1998, Novation is the leading health care contracting services company for more than 2,500 members of VHA Inc. and the University HealthSystem Consortium (UHC), two national health care alliances and nearly 14,000 members of Provista, LLC. Novation offers its customers contract development and management, supply chain data and measurement, and industry knowledge and advocacy. Based in Irving, Texas, Novation develops and manages competitive contracts with more than 500 suppliers. VHA, UHC and Provista members used Novation contracts to purchased nearly $35 billion in 2008.
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