The Cleveland Clinic is the latest hospital system to form a joint venture that aims to address the rising costs of hip and knee implants, stents and other pricey physician preference items.
The Cleveland Clinic previously handled purchasing of physician preference items internally and contracted with Premier healthcare alliance on other supplies. The system in the process of moving its contracting to Novation, VHA’s group purchasing organization.
The joint venture with VHA, Irving, Texas, is similar in some respects to SharedClarity, a for-profit venture between Dignity Health, a large San Francisco-based health system, and the insurer UnitedHealthcare. That partnership also seeks to manage the costs of physician preference items.