SAN FERNANDO, CA--(Marketwire - June 20, 2011) -
Precision Dynamics Corporation (PDC), the global leader in healthcare identification solutions, announced today that it has been awarded a three-year single source contract for its healthcare medical labels from Novation, the healthcare industry's leading supply contracting company. PDC will continue as the sole-source provider of healthcare medical labels for NOVAPLUS, Novation's private label brand of pharmacy and medical-surgical products. Novation provides savings to members and affiliates of VHA Inc., the University HealthSystem Consortium (UHC), and Provista.
The contract is effective August 1, 2011 through July 31, 2014. Precision Dynamics provides Novation clients with accurate, reliable, and easy-to-use positive identification solutions throughout every major hospital function, helping to prevent errors and improve clinical outcomes. Products on contract include Precision Dynamic's stock medical labels, stock medical tapes, system (software compatible) labels, label/wristband combinations, custom labels, blood bank labels, color-coded & date labels, sterilization load, patient charge & tray track labels and ribbons, and supplies for label printing equipment.
"Novation is an esteemed organization with an excellent reputation in the industry," said Cecil Kost, President and CEO of Precision Dynamics. "As a partner with Novation for over 13 years, we're excited to continue our collaboration to help hospitals reduce medical errors through positive identification, while streamlining and simplifying operations. We look forward to helping VHA, UHC and Provista members leverage our identification solutions to maximize patient safety while continuing to enhance their operating margins and cash flow."
"Precision Dynamics has been a longtime manufacturer of NOVAPLUS patient identification bands, providing high-quality products at market-best prices," said Brent Gee, Senior Director, NOVAPLUS Brand Management, Novation. "We are delighted to expand our relationship through the addition of medical labels to the NOVAPLUS brand."
About Precision Dynamics Corporation:
The Leading Provider of Positive ID and Positive Outcomes™
With more than 50 years of experience, Precision Dynamics provides accurate, reliable, and easy-to-use healthcare ID solutions that empower the flawless delivery of care and enhance outcomes across all major hospital functions. Our products are used in leading hospitals worldwide and comprise a comprehensive range of wristband and labeling systems that provide positive ID and positive clinical outcomes.
Precision Dynamics products meet important guidelines of the Joint Commission, World Healthcare Organization, FDA, AHA, and HIPAA. As the developer of the first single-piece patient wristband, the first bar code wristband system, and the first Smart Band® RFID wristband system, Precision Dynamics solutions are an integral part of some of the most successful patient safety initiatives. As an ISO 9001 certified company, Precision Dynamics follows a systematic, world-standard approach to ensure superior product design, manufacturing, and customer support services. For more information, call 800.772.1122 or visit www.pdcorp.com.
Founded in 1998, Novation is the leading health care supply contracting company for more than 25,000 members of VHA Inc. and the University HealthSystem Consortium (UHC), two national health care alliances, and 5,500 members of Provista, LLC, representing more than 30,000 sites. Novation provides alliance members sourcing and information and data services. Based in Irving, Texas, Novation develops and manages competitive contracts with more than 600 suppliers. VHA, UHC and Provista members used Novation contracts to purchase nearly $40 billion in 2010.
Precision Dynamics Corporation, product names, company names, marks, logos and symbols mentioned herein are trademarks or registered trademarks of Precision Dynamics Corporation. All other product names, company names, marks, logos and symbols mentioned herein are trademarks of their respective owners.