HLT 520 Week 5 Discussion 2 Latest-GCU

Do you think that hospitals who engage in group purchasing organizations are engaging in a form of price-fixing? If yes, then why? If no, then why not?

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Group purchasing organizations

Introduction

As a healthcare provider, you know that negotiating with suppliers can be difficult and time-consuming. That’s why group purchasing organizations (GPOs) exist! GPOs give hospitals, clinics and doctors access to contract pricing and discounts that they may not be able to get on their own.

Group purchasing organizations negotiate with healthcare providers to get discounts or rebates on products and services.

Group purchasing organizations negotiate with healthcare providers to get discounts or rebates on products and services.

• GPOs negotiate with healthcare providers to get discounts or rebates on products and services.

• GPOs negotiate with manufacturers, pharmacy chains and insurance companies to secure lower prices for their members.

GPOs give hospitals, clinics and doctors access to contract pricing and discounts that they may not be able to get on their own.

GPOs help hospitals, clinics and doctors get discounts on products and services.

• GPOs give hospitals, clinics and doctors access to contract pricing and discounts that they may not be able to get on their own. For example, if a hospital wants to buy an MRI machine for its facility but doesn’t have the funds for it, it can sign up with an organization like MedGlobal (a GPO) that covers the cost of buying one through its network of vendors at discounted rates. The same goes for other medical equipment—from wheelchairs to CAT scans—which are usually very expensive in comparison with generic brands because they use proprietary technology developed by companies like GE Healthcare or Siemens Medical Systems Inc., who make their own patented designs instead of using off-the-shelf parts as seen elsewhere.*

GPOs are one type of organization that can increase efficiencies for healthcare providers

A GPO is a group purchasing organization, or GPO. These organizations can help healthcare providers increase efficiencies by offering them access to contract pricing and discounts that they may not be able to get on their own.

For example, if you’re a hospital in Chicago with an excellent reputation for delivering high-quality care, you might want to join with other hospitals in the area who also have strong reputations and offer a discount on supplies like IV bags or gloves—but only if it’s really worth it for everyone involved (like if there’s no other way for all those different hospitals’ staff members).

Conclusion

Organizations like GPOs help hospitals, clinics and doctors save money. They provide contract pricing and discounts that other healthcare providers may not be able to get on their own. The value of the services that GPOs provide greatly outweighs their cost, which means that they can save you a lot of money in the long run!