IRVING, Texas, July 14 /PRNewswire/ -- HealthCare Purchasing Partners International(TM) (HPPI) announced today that it has signed a five-year extension agreement with its Princeton-based client, the New Jersey Hospital Association, (NJHA) a statewide advocate for the 117 member hospitals and the patients it serves. Financial terms of the agreement have not been disclosed.
HPPI provides group purchasing services to hospitals and other health care organizations across the U.S. NJHA markets the HPPI contract portfolio to its customers in New Jersey and metro New York.
NJHA has been an HPPI client since 1996 under the terms of a 10-year agreement to conclude in 2006. The new agreement will extend the relationship until 2011. NJHA customers represented more than $500 million in purchases in 2003. According to NJHA Senior Vice President William Kennedy, “Our relationship with HPPI enables us to offer our customers access to the industry’s leading contracting organization. NJHA applies our expertise by identifying additional cost savings, performance improvement opportunities and ongoing support so that our customers can optimize the exceptional savings potential available through the HPPI contract portfolio.”
“NJHA is a significant client and we are pleased to have extended our relationship,” said Vicki Dennis, vice president, operations, HPPI. “We believe that its customers will continue to benefit not only from the value of the HPPI portfolio, but from the local service and support provided by NJHA.”
About HPPI
Healthcare Purchasing Partners International (HPPI) is an Irving, Texas- based health care group purchasing organization serving more than 8,000 health care organizations across the nation. HPPI agreements cover medical-surgical, pharmaceutical, diagnostic imaging and laboratory products, as well as food and nutrition services, office and maintenance products, and capital equipment. These agreements are negotiated and managed by Novation, the health care industry’s foremost supply cost management company. Members used HPPI contracts to purchase more than $2.3 billion in supplies in 2003. HPPI is owned by VHA Inc., a national health care cooperative, and the University HealthSystem Consortium (UHC), an alliance of academic medical centers. HPPI was formed by VHA and UHC to serve health care organizations that do not belong to VHA or UHC.
About NJHA
As New Jersey’s premier statewide healthcare association, NJHA is a leader in advocacy, education, and information. It partners with its 117 members so that they can better provide accessible, affordable and quality healthcare. NJHA offers its members and other health care providers an extensive portfolio of products and services, including customized cost management solutions, through its subsidiary, NJHA Corporate Services.
Contact: Kristin Lucido Jo Ann Morgano 972/581-5116 609-936-2199 klucido@novationco.comjmorgano@njha.com
HealthCare Purchasing Partners International
CONTACT: Kristin Lucido, +1-972-581-5116, or klucido@novationco.com ,for HealthCare Purchasing Partners International; or Jo Ann Morgano of NewJersey Hospital Association, +1-609-936-2199, or jmorgano@njha.com
