Cleveland Clinic, VHA Form Joint Venture
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
© Copyright ASC COMMUNICATIONS 2015. Interested in LINKING to or REPRINTING this content? View our policies by clicking here.
To receive the latest hospital and health system business and legal news and analysis from Becker's Hospital Review, sign-up for the free Becker's Hospital Review E-weekly by clicking here.
New From Becker's Hospital CFO