The GPO 411
Word Count: 230
Estimated Read Time: 1:00
What the F@%! is a GPO?
Have you ever asked yourself this while juggling the efficiency, patient comfort, regulations, cost and downtime of your healthcare facility? This article explains the definition, their offerings, and the who’s who of the GPO industry.
GPOs are group purchasing organizations. They create an alliance between multiple healthcare facilities like hospitals, nursing homes and home health agencies. Providers combine their demands for greater purchasing power and greater access to competitive insights and successful strategies. Not all GPOs are created equal but at the very least, all GPOs combine volume to negotiate discounts with manufacturers, distributors and other vendors.
Group Purchasing - Facility maintenance, grounds keeping and pharmacy are among some of the discounted products and services you can purchase with your GPO’s negotiated contracts.
Technology - Performance improvement and analytics platforms provide your organization insight and resources, integrating your data among some of the largest comparative databases. Resulting in actionable outputs to propel your organization to faster and smarter success.
Consulting - Financial improvement, growth and consolidation and value-based care are just a few areas where you can receive guidance from advisors and industry experts.
Collaboratives - GPOs unite health systems, hospitals and non-acute leaders to listen and learn from one another’s successes and challenges. Together, they move best practices into standard care - safely reducing costs, improving care, meeting and exceeding compliance and regulatory measures and identifying supply chain performance opportunities.
Advocacy - GPOs educate and influence policymakers in Washington D.C. to align federal laws and regulations with provider efforts.
Premier | Reducing costs. Improving Quality. Reinventing healthcare.
Premier is more than a GPO. Combining robust analytics with consulting and advocacy, we’re changing the healthcare landscape for the better.
Vizient | Driving performance improvement in health care
We connect members to solutions that boost quality and improve business to help deliver exceptional, cost-effective care.
Health Trust | Performance improvement for healthcare
Strengthening provider performance and clinical excellence through an aligned membership model and the delivery of total spend management advisory solutions that leverage our operator experience, scale and innovation.
Intalere | Elevating the health of healthcarE
We design tailored, smart solutions that deliver optimal cost, quality and clinical outcomes.
The Resource Group | Listen. Innovate. Implement.
We take a tailored approach to every engagement, drawing on our experience as a provider-owned organization to listen first and understand your organization’s specific opportunities.