Bold new purchasing program to save NJ system $25 million.
Bold new purchasing program will be big cost saver for health system. Saint Barnabas Health Care System in West Orange, NJ, is withdrawing from its GPOs and taking advantage of its economies of scale by purchasing pharmaceutical and medical/surgical supplies on its own. Here's how Saint Barnabas created its own GPO.
D017046:Cost Savings; D016527:Drug Costs; D005572:Formularies, Hospital as Topic; D017754:Group Purchasing / Q000191:economics* / Q000458:organization & administration; D017721:Hospital Costs; D006801:Humans; D009096:Multi-Institutional Systems / Q000191:economics; D009515:New Jersey; D010607:Pharmacy Service, Hospital / Q000191:economics / Q000458:organization & administration*