HSCA Report Details Value GPOs Deliver to Healthcare Supply Chain
WASHINGTON, D.C. — The Healthcare Supply Chain Assoc. (HSCA), which represents the nation’s leading healthcare group purchasing organizations (GPOs), released its first annual report on the value that GPOs deliver to the healthcare system.
The report, which was based on a survey of HSCA member GPOs, found that GPOs continue to deliver critical cost savings to providers, increase competition and transparency in the market, and help propel overall system transformation in healthcare.
“Healthcare group purchasing organizations are critical sourcing and cost-savings partners to virtually all of America’s 7,700+ hospitals, as well as the vast majority of the 68,000+ long-term care facilities, surgery centers, clinics, and other healthcare providers. By delivering cost savings and creating efficiencies, GPOs allow healthcare providers to focus on their core mission: providing first-class patient care,” said HSCA President and CEO Todd Ebert. “The HSCA Annual Value Report confirms what hospitals, healthcare providers, suppliers, and policymakers see every day: GPOs reduce healthcare costs; increase competition; drive transparency, visibility, and predictability; propel health processes and system transformation; and add value to suppliers.”
GPOs help providers create efficiencies and negotiate competitive prices on products and services, helping to lower costs for patients, hospitals, payers, Medicare and Medicaid, and taxpayers, while significantly improving supply-chain effectiveness.
To read the full report, click here.