MRO Magazine

Novation Recognizes PharMEDium as 2014 Compliance and Integrity Supplier Award Winner


June 11, 2015
By Business Wire News

CHICAGO & IRVING, Texas

PharMEDium Services, LLC, the nation’s leading provider of compounded sterile preparations today announced it has been awarded the prestigious Compliance and Integrity Supplier Award from Novation at their fifth annual Supplier Summit meeting held in Las Vegas, Nevada. Novation is the leading health care services company for more than 100,000 members and affiliates of VHA Inc., UHC, Children’s Hospital Association and Provista LLC.

The Compliance and Integrity Supplier Award is presented to the supplier whose ethical values and transparency are at the core of how it does business, and highlights the supplier most closely aligned to Novation’s ethical standards.

“We recognize that all of our contracted suppliers work tirelessly to bring value to the members and affiliates we serve through their products and services. The companies recognized as winners truly represent the best-of-the best,” said Pete Allen, executive vice president, Sales and Marketing, for the newly combined entity of VHA, UHC and Novation.

PharMEDium was named the 2014 Compliance and Integrity Supplier Award winner due to its transparent approach to regulatory changes and commitment to provide open communication to Novation’s members so they can best understand the many changes affecting the industry. In particular, PharMEDium has held conference calls and on-site plant tours with Novation’s pharmacy council to educate members on its compounding processes.

“PharMEDium is truly honored to be awarded such a distinction as Compliance and Integrity Supplier of the Year from such a well-respected organization as Novation,” said Jenn Adams, Vice President of Sales at PharMEDium. “We are dedicated to offering the members and affiliates Novation serves the education and regulatory information necessary in today’s challenging marketplace. Our organization aims to continue to deliver products and services with industry-leading integrity.”

More than 80 nominees were recognized by Novation in 30 different categories, including compliance, diversity, food and nutrition, environmental excellence, medical/surgical products, pediatrics, pharmacy and technology.

About PharMEDium

PharMEDium is the nation’s leading provider of compounded sterile preparations. Our complete and total commitment to advancing patient safety is embodied through first-in-class labeling, packaging and cutting-edge bar code scanning technology designed to help reduce the potential for medication errors. Founded in 2003, PharMEDium serves over 2,800 acute care hospitals nationwide through four centers located in Tennessee, Mississippi, Texas and New Jersey. Our state-of-the-art 503B Outsourcing Facilities are registered with the FDA and licensed by the states. Highly trained and qualified personnel adhere to rigorous quality standards and applicable cGMPs using only FDA-approved sterile drugs and FDA-cleared sterile containers in our preparations. As a trusted partner to our hospital customers, PharMEDium reliably and consistently meets their need for customized, ready to use admixtures essential to their on-going operations. For more information, please visit www.pharmedium.com.

About Novation

Recipient of the Ethisphere Institute’s Ethics Inside Certification

Novation is the nation’s leading health care services company, focused on revolutionizing operational performance for more than 100,000 members and affiliates of VHA Inc., UHC, Children’s Hospital Association and Provista LLC. Novation’s progressive approach to cost performance, data and intelligence, and integrated advisory solutions helps health care providers envision and advance new models of cost-effective, high-quality care. Headquartered in Irving, Texas, Novation is committed to the highest standards of ethical behavior and twice has been honored with the Ethisphere Institute’s coveted Ethics Inside® Certification, and has been named four years consecutively to Ethisphere’s World’s Most Ethical Companies list. To learn more about Novation, please visit novationco.comand follow @NovationNews on Twitter.

Media Contact
PharMEDium
Teresa Burgin, 847-457-2361
tburgin@pharmedium.com
or
ClearEdge Marketing
Allison Kaplan, 312-315-9855
akaplan@clearedgemarketing.com