Cleveland Clinic, VHA Form Joint Venture

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Cleveland Clinic and healthcare supply chain network VHA have established a limited liability company together in a joint venture that will establish a "strategic sourcing model."

A news release by VHA, which serves non-profit hospitals and is based in Irving, Texas, said the project will combine its analytics prowess and contracting company, Novation, with Cleveland Clinic's integrated clinical sourcing to design a "value-based sourcing" model.

The partners expect this will lower and clarify supply and operating costs and allow health systems to better integrate with physicians.

More Articles on Hospital Joint Ventures:

Tenet Healthcare Announces Joint Venture Between San Ramon Regional Med Center, John Muir Health
UC Davis Medical Center, Dameron Hospital to Form Joint Venture
Baptist Community Services, Ardent Health Services Create Joint Venture

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