By pooling their data and analytics capabilities, supply chain management firm VHA and academic medical center alliance UHC will help drive "unparalleled insight into improving the quality and total cost of care," VHA officials say.
The deal is expected to close in March. Financial terms have not been disclosed.
[See also: VHA gets bullish on population health]
Together, VHA and UHC will:
- Serve more than 5,200 health system members and affiliates
- Provide services to nearly 30 percent of the nation’s hospitals, including nearly all the academic medical centers and health systems
- Serve more than 118,000 non-acute health care customers
- Have more than $50 billion in purchasing volume, the largest in the industry
- Provide services to all of the top 10 hospitals on the US News and World Reports annual list of America’s Top Hospitals
- Have the industry’s most in-depth clinical data combined with the nation’s most robust supply chain data to address cost and quality
"VHA was founded on the idea that health care organizations perform better and faster when working together," said VHA President and CEO Curt Nonomaque, who will lead the new company. "This combined organization will have even greater ability to harness the power of health care’s brightest minds to provide targeted expertise to improve financial, operational and clinical performance."
[See also: UHC inks RFID contract for its members]
Read more at Healthcare Finance News.
