Group Purchasing Organizations Enable Hospitals to Save USD33 Billion Each Year Through Lower Product Prices
Posted on: Monday, 31 July 2006, 15:01 CDT
Research and Markets (http://www.researchandmarkets.com/reports/c40122) has announced the addition of Group Purchasing Organizations Market Overview-2006 to their offering.
A group purchasing organization (GPO) is an entity that helps health care providers-such as hospitals, nursing homes and home health agencies-realize savings and efficiencies by aggregating purchasing volume and using that leverage to negotiate discounts with manufacturers, distributors and other vendors. Hospitals and other health care providers use group purchasing to obtain the right products at the very best price. Hospitals and other health care providers are estimated to annually purchase more than $270 billions of dollars worth of medical devices, office equipment, hospital supplies and pharmaceuticals. Overall, about 72 percent of purchases that hospitals make are done using GPO contracts. GPOs save hospitals and free standing nursing homes between 10 to 15 percent off their purchasing costs. Overall, this means GPOs enable hospitals to save up to $33 billion each year through lower product prices. Additionally, GPOs provide valuable cost-avoidance savings to hospitals and other providers by helping them standardize and streamline their purchasing, as well as reduce the number of non-clinical staff that hospitals must employ to negotiate purchasing contracts. There are more than 600 organizations in the United States that participate in some form of group purchasing. About 30 of the 600 are true-GPOs that negotiate sizeable contracts for their members. The remaining organizations may offer their members access to larger groups' contracts and negotiate agreements with regional vendors for some services. Knowledge Source's Group Purchasing Organizations Market Overview, 250 pages, identifies the market issues and trends, and provides brief profiles on more than 40 of the leading GPOs.
Topics Covered
Industry Overview/Trends
Listing of GPOs by Contract Purchases and/or Members
AmeriNet
Broadlane
Carolina Purchasing Alliance
CHAMPS Management Services
Child Health Corporation of America
Consorta
Coordinated Healthcare Services
Corporate United
Council Connections
DLA Logistics Agency/Defense Supply Center Philadelphia
Department of Veterans Affairs/OA&MM
Dialysis Purchasing Alliance
GeriMed
Greater Hospital Association of New York/Innovatix
Healthcare Council of the National Capital
Healthcare Purchasing Partners International (HPPI)
HealthTrust Purchasing Group
Hospital Purchasing Service
International Oncology Network/AmerisourceBergen
Iroquois Healthcare Alliance
MAGNET
Managed Healthcare Associates
MedAssets
MedBuy
Metro Chicago Healthcare Council
National Oncology Alliance
New Jersey Hospital Association
NHS Purchasing and Supply Agency
Novation
Onmark
PDM Healthcare
Pharmaceutical Buyers, Inc. (PBI)
Premier Inc.
Resource Optimization & Innovation/Sisters of Mercy
S.A.R.E.L.
SelectPlus Oncology
SYNERNET
University HealthSystem Consortium
VHA
ViaCentric
Yankee Alliance
Sources
Companies Mentioned
- AmeriNet - Broadlane - Carolina Purchasing Alliance - CHAMPS Management Services- Child Health Corporation of America - Consorta - Coordinated Healthcare Services- Corporate United- Council Connections - DLA Logistics Agency/Defense Supply Center Philadelphia - Department of Veterans Affairs/OA&MM - Dialysis Purchasing Alliance- GeriMed - Greater Hospital Association of New York/Innovatix - Healthcare Council of the National Capital - Healthcare Purchasing Partners International (HPPI)- HealthTrust Purchasing Group - Hospital Purchasing Service - International Oncology Network/AmerisourceBergen- Iroquois Healthcare Alliance - MAGNET - Managed Healthcare Associates - MedAssets- MedBuy - Metro Chicago Healthcare Council - National Oncology Alliance - New Jersey Hospital Association- NHS Purchasing and Supply Agency - Novation- Onmark - PDM Healthcare- Pharmaceutical Buyers, Inc. (PBI)- Premier Inc.- Resource Optimization & Innovation/Sisters of Mercy - S.A.R.E.L. - SelectPlus Oncology - SYNERNET - University HealthSystem Consortium - VHA - ViaCentric- Yankee Alliance - Sources
For more information visit http://www.researchandmarkets.com/reports/c40122
Source: Business Wire
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