Recognized by Ethisphere® for Leadership in Ethics and Compliance Programs and Practices
Novation, the leading health care supply chain expertise, analytics and contracting company, today announced that it has again earned the prestigious Ethics Inside Certification from 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.
"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 its peers and partners on issues such as sustainability and transparency."
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 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.”
The highly-regarded Ethics Inside® Certification is one of the only independent verifications of a company’s ethics and compliance program and 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; organizational health and culture of ethics; corporate governance; and regulatory history.
“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.”
In addition to the certification, Novation continues to be recognized by Ethisphere on their annual list of the Words Most Ethical Companies.
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.
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™.