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Biotech / Medical : Hypertension Diagnostics Inc (HDII) -- Ignore unavailable to you. Want to Upgrade?


To: scott_jiminez who wrote (107)8/9/2002 7:33:28 AM
From: scott_jiminez  Read Replies (1) | Respond to of 120
 
This will be good for HDI -1.

From the New York Times this morning:

(my emphasis)
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Buying Group for Hospitals Vows Change.

Better Products Sooner and cheaper is a goal.

By Barry Meier and Mart Williams Walsh

The largest group in the country that helps hospitals buy products said yesterday that it would fundamentally change its policies to make it easier for new, lifesaving medical products to reach hospitals faster.

The group, Novation of Erving, Tex., said it would begin to use more medical supply companies, shorten the length of its contracts and limit the amount of money it accepts from supplies. Critics, including some manufacturers, had said its contracting practices were anticompetitive.

Last year, Novation negotiated nearly $20 billion in supply contracts for a third of the nation's hospitals.

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nytimes.com (requires free password; go to business page and click on headline)