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Article:
Can Buying Groups Save You Money? by: Paul Joseph Buisson Let me give you a brief history of Group Purchasing Organizations (GPO). They have been around for decades. Do you know what types of businesses get the best pricing on all of the goods and services they purchase? The answer is healthcare facilities. Do you know why? I'll tell you. Nearly any healthcare facility in the nation that is making a profit belongs to a buying group. The average healthcare facility belongs to two GPOs . Thousands of facilities join together to negotiate contracts with their vendors. Vendors aggressively compete to get awarded the group's contracts. As a result each group member saves money on everything they purchase. Annual membership fees range from $250.00 - $'20
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