La Palma, CA & Sioux Falls, SD – The Innovation Institute is pleased to announce that it has signed an agreement with the Avera PACE national group purchasing organization to showcase some of the service offerings of The Institute. Avera PACE provides healthcare systems and providers with personal service and access to cost-effective contracts, bottom-line savings, and quality products from brand-name manufacturers.
“The Avera PACE team is constantly on the lookout for companies who can make an impact within our affiliate network,” said Ryan Donovan, Director of Avera PACE. He added, “Either fiscally, through improved patient care, or by streamlining business efficiencies, our members count on PACE to research and onboard vendor partners that can help their business move the needle in a positive direction.”
Donovan said the portfolio of products offered through The Innovation Institute covers a broad area of business verticals and will resonate with all of their affiliate members in some way. “The synergies developing between Avera PACE and The Innovation Institute will yield positive results for not only Avera PACE affiliate members, but also The Innovation Institute Enterprise Development Group (EDG) companies for years to come,” concluded Donovan.
The Innovation Institute President & CEO Joe Randolph said, “We are pleased to add our portfolio of service companies to the Avera PACE group purchasing organization. PACE has a great reputation and we think this relationship will be mutually beneficial and will help us grow our portfolio companies, while providing services at a competitive price.”
Founded in 2013, The Innovation Institute’s EDG is structured to provide competitive health care services across health systems. Services offered by the EDG include clinical engineering, medical record coding, technical staffing, executive recruiting, executive coaching, health and wellness solutions (population health); healthcare design and construction; construction strategies; print management services, furniture, real estate, medical and dental equipment, and information technology.
About Avera PACE
Avera PACE, a division of Avera Health, is a regional group-purchasing organization that offers cost-effective contracts for group purchasing as well as services such as locum tenens and anesthesia labels.
With over 60 years of experience in group purchasing and a sponsorship with Premier, Inc., one of the largest group purchasing organizations in the U.S., Avera PACE provides personal service and access to cost-effective contracts, bottom-line savings and quality products from brand-name manufacturers.
About The Innovation Institute
The Innovation Institute is an independent, for-profit LLC structured to cultivate innovative solutions to transform healthcare delivery. The Innovation Institute is owned by non-profit health systems. This collaborative taps into physicians, employees, and industry business partners to incubate and commercialize new medical products and ideas. Comprised of three distinct elements – an innovation lab, an investment fund, and a shared services group (Enterprise Development Group), The Institute strives to “do more, with less, for more people.” For more information, visit lab.ii4change.com
Jay Gravholt, Director of Media Relations/Avera Health, Office: 605.668.8585 Cell: 605.660.1944
Francine Marlenée, APR, Integrated Communications Manager/The Innovation Institute, Office: 714-735-3767 Cell: 714-215-7565