July 10, 2017 – GE Healthcare (NYSE:GE) announced today it is expanding its U.S. healthcare consulting business with the acquisition of Novia Strategies, a 22-year-old healthcare consulting firm founded and led by clinicians with deep experience helping organizations transform while delivering critical outcomes. The acquisition helps GE Healthcare deliver on its commitment to be the leading provider of outcomes-based solutions and to help healthcare organizations meet the demand for increased access, enhanced quality and more affordable healthcare for their patients.
Novia Strategies will become part of GE Healthcare Camden Group, which has advised more than 2,400 hospitals and health systems on such critical issues as redesigning care delivery, accelerating health system integration, succeeding with population health management, and maximizing the use of resources. Terms of the transaction are not being disclosed.
Novia Strategies’ skills and experience are a strategic complement to GE Healthcare Camden Group in several key areas: care management transformation, workforce management, non-labor cost reduction, and sustaining operating performance improvement. “Over the past two decades, we’ve saved hospitals hundreds of millions of dollars, improved patient outcomes and redesigned delivery so they can care for patients for generations to come,” said Nancy Lakier, CEO of Novia Strategies. “We share GE’s vision to deliver impactful solutions, and look forward to leveraging the broader portfolio and deep analytical and activation capabilities unique to GE to enable breakthrough, sustainable outcomes for more healthcare organizations.”
Novia Strategies’ consultants bring proven methodologies and first-hand experience in hospital operations. “Their hands-on clinical and operational expertise in areas like care management, productivity management, compensation and benefits, pharmacy, and non-labor cost reduction will broaden our ability to help clients tackle their most complex challenges,” said Laura Jacobs, President of GE Healthcare Camden Group.
The acquisition furthers GE Healthcare Camden Group’s vision to be a strategic transformation partner to leaders in healthcare and enable organizations to become best-in-class, high performing health systems. “Our two organizations are culturally aligned and share a passion for solving client challenges,” said Geoff Martin, COO of GE Healthcare Camden Group. “We both begin with the challenge, work side-by-side with clients to identify, shape, and activate solutions, and focus on measurable outcomes and return on investment.”
In particular, Novia Strategies’ capabilities will help accelerate the activation of large-scale health system transformations including implementing Command Centers and redesigning care across the continuum.