Recognized for superior leadership in ethics and compliance programs and practices.
Scottsdale, AZ – March 5, 2014 – The Ethisphere Institute, an independent center for research, best practices and thought leadership in corporate ethics and compliance and designator of the World’s Most Ethical Companies, announced today that Novation LLC has earned the coveted Ethics Inside® Certification.
“Novation has consistently exhibited a commitment not only to the highest ethical standards, but also to providing a workplace where ethical leadership is rewarded,” said Eric O. Morehead, Senior Compliance Counsel, Compliance Advisory Services for NYSE Governance Services, an Ethisphere licensed credentialing partner. “The company has also been a leader with it’s peers and partners on issues such as sustainability and transparency.”
“We are honored to be recognized again for our long standing commitment to the highest standards of ethical conduct in our business practices,” said Jody Hatcher, President and CEO, Novation. “Integrity is a core value that our entire company strives to apply across all of our relationships with both the health care providers we serve and the suppliers we work with every day.”
Novation, which received its initial two-year ethics program certification for 2012 and 2013, remains the only company in the health care group purchasing organization space to be certified by the Ethisphere Institute. The new certification goes through 2015.
“We would like to congratulate Novation for earning Ethics Inside Certification,” said Michael Byrne, Senior Vice President and General Counsel of Ethisphere. “They join an exclusive group of companies that have not only implemented adequate standards, systems and programs to reasonably prevent compliance failures and ethical breakdowns, but also demonstrate the existence of a superior employee and leadership culture that promotes ethical business practices.”
Ethisphere’s licensed credentialing partners look at more than 100 separate criteria during the Ethics Inside Certification process, including corporate citizenship and responsibility; overall compliance and ethics program; organizational health and culture of ethics; corporate governance; and regulatory history. No company is expected to excel in all criteria areas—yet the aggregate score must meet or exceed a level at which ethical behavior becomes the core expectation, fundamental compliance systems are in place, tone from the top is clear and the company’s actions bear unmistakable signs of good corporate citizenship. More information about Ethics Inside Certification is available at https://ethisphere.com/certifications/ethics-inside-certified.
Founded in 1998, Novation is the leading health care supply chain expertise, analytics and contracting company for the more than 100,000 members and affiliates 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 800 suppliers. VHA, UHC, and Provista members used Novation contracts to purchase approximately $43 billion in 2012. Novation has 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 also was named on Ethisphere’s World’s Most Ethical Companies list, and is the only company in the health care industry to earn both distinctions for two consecutive years. To learn more about Novation, please visit www.novationco.com and follow @NovationNews.
The Ethisphere® Institute is an independent center of research, best practices and thought leadership that promotes best practices in corporate ethics and compliance and enables organizations to improve governance, mitigate risk, and enhance relationships with employees, business partners, investors and the broad regulatory community. Ethisphere evaluates and benchmarks compliance and governance programs, honors superior achievement through its World’s Most Ethical Companies’™ recognition program, and publishes Ethisphere Magazine. Ethisphere is also the leading provider of independent verification of corporate ethics and compliance programs that include: Ethics Inside® Certification, Compliance Leader Verification™ and Anti-Corruption Program Verification™.