Hospitals leave national GPOs to create their own competitive contracts.
Hospitals cut better medical/surgical supply deals in smaller, innovative group purchasing networks. Meridian Health System in New Jersey posted an annual $1.5 million savings by renegotiating about a dozen of its supply contracts over the past year. By ditching memberships with the big GPOs and creating its own group purchasing cooperative, administrators there are cutting competitive deals. Find out how they're doing it.
D003284:Contract Services; D017046:Cost Savings; D004465:Economic Competition; D017598:Efficiency, Organizational; D017754:Group Purchasing / Q000191:economics*; D009096:Multi-Institutional Systems / Q000191:economics* / Q000458:organization & administration; D017008:Negotiating; D009515:New Jersey; D009935:Organizational Affiliation / Q000191:economics; D011682:Purchasing, Hospital / Q000191:economics*