Global Edge Success In Health Care Leads To Coveted Novation Partnership
CALABASAS, Calif., Oct. 17, 2012 /PRNewswire/ — Global Edge, the industry leader in web-based supply chain risk management solutions, today announced its partnership with Novation, the leading health care supply chain expertise and contracting company for the members of VHA Inc., UHC, Children’s Hospital Association, and Provista LLC. This partnership allows Global Edge to offer the member organizations served by Novation a convenient solution to their risk management and fraud prevention needs.
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Global Edge specializes in recovering lost revenue, improving financial controls, and isolating risk. Its mission is to protect the bottom line, ensure government and regulatory compliance, and deter fraud on behalf of its clients. Global Edge provides an umbrella of protection, empowering health care organizations to focus on what they do best: improving lives.
The partnership with Global Edge provides the member organizations served by Novation with enhanced controls and greater visibility into vendor relationships. The Global Edge Vendor Lynx(TM) platform improves transparency between a health care organization and its vendors. This risk management tool scrubs vendors against 250-plus data points, surfacing high risk conditions and delivering a comprehensive risk assessment.
In addition to Vendor Lynx, Global Edge’s partnership with Novation will give member organizations access to the following solutions through an easy to deploy, low cost, Software as a Service (SaaS) platform:
- Audit Point(TM): Delivers dynamic recovery tools to identify, validate and recover every lost penny it finds.
- Vendor Master File (VMF) Management: Identifies duplicate vendors and those that need to be re-classified as inactive or archived within the VMF to prevent Accounts Payable errors.
- eBusiness: Produces cost savings with electronic payments through ePay, streamlines vendor communication with eBroadcast and eNotice, and alleviates the burden of filing taxes with 1099 eFiling.
- Collection Services: Offers continuous operational analysis and customized solutions for competitive third-party recoveries.
- Encompas(TM) Card Management Solutions: Ensures that users of corporate purchase cards are compliant to corporate policies based on administrator guidelines. Encompas integrates transactional card data into a single platform, providing audit visibility to every transaction, on every cardholder, every month.
“Our goal at Global Edge is to assist health care providers in their mission to improve lives and deliver the best care possible to their patients. We do this by providing a suite of products that protect the integrity of the supply chain process and working proactively with hospitals to maximize every health care dollar,” said Jay Cherry, President and Co-Founder of Global Edge, LLC. “Now, by becoming a valued Novation supplier, we are well positioned to partner with Novation’s alliance member hospitals to mitigate risk, reduce costs, and protect the bottom line.”
About Global Edge, Winner of IAPP Innovation Award and AHA “Gold” in Risk Management
Global Edge is a provider of integrated risk management solutions from procurement to collections, with a focus on Revenue Recovery and Risk Mitigation services. The Global Edge Risk Management Platform is innovative, cutting edge, and specially developed to provide comprehensive supply chain controls for the health care industry. The Company’s technical operations are based in St. Cloud, Minnesota, with corporate headquarters in Calabasas, California. The Company’s Encompas(TM) technology was named as the IAPP (International Accounts Payable Professionals) 2011 Huntington Bank Innovation Award winner for most advanced technology, as well as the 2011 “Treasury & Risk” Alexander Hamilton Award (AHA) Winner of the “Gold” in Enterprise Risk Management. To learn more about Global Edge, please visit GlobalEdge.us, stop by the Company’s Facebook page at Facebook.com/GlobalEDGEUS, and follow @GlobalEdgeUS on Twitter.
About Novation, Winner of the Ethics Inside® Certification
Founded in 1998, Novation is the leading health care supply chain expertise and contracting company for the more than 65,000 members of VHA Inc. and UHC, two national health care alliances, Children’s Hospital Association, an alliance of the nation’s leading pediatric facilities, and Provista, LLC. Novation provides alliance members with sourcing services, as well as information and data services. Based in Irving, Texas, Novation develops and manages competitive contracts with more than 600 suppliers. VHA, UHC, and Provista members used Novation contracts to purchase more than $40 billion in 2011. Novation recently earned the coveted Ethics Inside Certification from Ethisphere Institute, a leading international think tank dedicated to the research and promotion of best practices in corporate ethics and compliance. Novation was also named on Ethisphere’s World’s Most Ethical Companies list, and is the only company in the health care industry to earn both distinctions. To learn more about Novation, please visit the newly designed novationco.com and follow @NovationNews.
Marketing, Global Edge, LLC
Chief Operating Officer, Global Edge, LLC
SOURCE Global Edge