Healthcare Group Purchasing Industry Initiative

Healthcare group purchasing organizations promote business practices

Published in Drug Law Weekly, May 3rd, 2005

The healthcare industry's group purchasing organizations announced an initiative to promote and monitor best business practices in purchasing for hospitals and other healthcare providers.

Group purchasing organizations (GPOs) pool the purchasing needs of hospitals, health systems and other providers to lower the cost of buying drugs, supplies and medical devices, helping hospitals provide quality patient care while controlling costs. The new, voluntary initiative establishes six core principles of ethics and business conduct and then tracks how participating GPOs implement those principles.

The participating organizations, representing more than) 80%...

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Source: Drug Law Weekly (2005-05-03)

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