Cleveland Clinic, VHA Form Joint Venture

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.

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