If you run a hospital or a fairly large clinic, you know that equipment and basic supplies are required in bulk, and the requirement never ends. Medical centres are places where patient walk-ins are uncontrollable, and you must be prepared for any emergency or patient needs.
Supplies can be expensive, especially when you don’t negotiate with medical equipment and medication suppliers. Here’s an opportunity to save money - you could join a GPO (a group purchasing organisation) to cut costs towards medical supplies. You don’t have to give up on the quality of the product, but the pricing will get much lower.
GPOs connect with Medical equipment companies in UAE and use their negotiation skills to lower the cost of medical supplies. There is much more you can reap when you join a GPO. This informative post will tell you why medical organisations should join a GPO. Keep reading to find out.
Understanding The Power of Volume Purchasing
The biggest benefit of joining a group purchasing organisation is volume purchasing power. Medical suppliers provide discounts to a group of doctors that make larger purchases than to a single or individual clinic or office. They benefit when a group of physicians purchase the supplies.
GPO gives its members the leverage to negotiate and get other cost reductions and concessions outside the pricing. Let’s explain this through an example: GPOs might be able to upgrade the medical supplies to include all the extras behind the paywalls.
The medical equipment and medication suppliers benefit from this situation because they are getting larger orders, so giving discounts is easier and more remunerative.
GPOs Have Better Knowledge About the Pricing Trends
GPOs can help in enhancing and improving the overall insight of the members. The GPOs get a better look into the market data, and they will be able to predict a pricing trend too over a period of time.
No More Procurement Issue
Small offices might have problems getting a certain number of products, and vendors don’t think it's worth fulfilling their orders. GPOs can help with this. Getting steady inventory is possible when these small offices also join GPOs. No matter how small the order is, it will get fulfilled with the presence of GPOs.
Purchases are Compliant
The right GPO will have a legal staff. They will ensure that the purchases comply with the prescribed laws. Healthcare providers have major issues in this case because the regulatory framework is quite complicated.
GPOs May Not Be Free
You should know that not all GPOs come for free, but there are some that pay for themselves when the first order is complete. Don’t join a GPO simply because it's free - that shouldn’t be your top priority because they help you save a lot of money. Sure, medical providers would love the idea of free membership, but don’t let that overpower your judgement.
Quality Services Guaranteed
GPOs pre-screen the vendors to reduce your risk of working with a troublesome supplier. As a healthcare provider, you want zero issues. The house staff should not be responsible for screening each vendor for the purchases you make. GPOs do that for you, so the risk is lowered. You will get quality services and this will save a lot of time and money.
Negotiations are Simpler
You do not have to send your staff or deal with the medical suppliers yourself. The GPOs take care of the negotiations and bring forward quality supplies at a discounted rate.
If you run a hospital or a clinic that needs constant supplies, you need to join a GPO.
Should a Healthcare Provider Join a GPO
There are many advantages to joining a GPO. Small offices can save a lot of money and time. Consider GPO as a protective wing under which small offices can save money. Price is the biggest factor, but it's also about getting quality products and saving time. No more negotiations - you can simply join a GPO and let them do the groundwork.
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