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Outpatient Surgery E-Weekly

Contact Congress Over Drug Shortage Issues

A Kentucky congressman is urging surgical facilities to contact their members of Congress and request that they sign his letter demanding changes to...

N.J. Posts ASC Inspection Reports Online

State and federal inspection reports of New Jersey's ASCs are now available online, giving patients an opportunity to make more informed choices abo...

Are Opioids Necessary?

While it's not always practical, or even possible, to eliminate opioids from your post-op pain management regiment, reducing their use in favor of n...

Archive >  Surgical Supplies 2004

Getting the Most Out of Your GPO

Here are 8 tips to save the most time and money from your group purchasing organization.

Bryan Smith

Every dollar you save on purchasing supplies goes directly to your facility's bottom line. Working with a GPO will save you at least 5 percent to 10 percent on your purchase orders - saving just 5 percent in supply purchases can increase profits by $37,000 for the average-sized center and by up to $100,000 for a large, multispecialty center. So if you're not working with a GPO, perhaps you should be. And if you're already using a GPO, then you should be taking advantage of all the benefits in both supply costs and staff efficiency it presents. Here's what you need to know to get all you can out of your GPO.

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Categories: Business Management, Supplies/Implants, Cost Management, Peak Efficiency
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1. Take a history lesson; 2. Understand contracts; 3. Beware of substitutes; 4. Develop a relationship; 5. Let the GPO work for you; 6. Don't overvalue pricing; 7. Prioritize your needs; 8. Make allowances; The bottom line; ASCs; Beware; Develop; GPO; GPO Players There; GPO Work? By; GPOs; Major GPO Players There; Make; Players There; Prioritize; Understand; Work? By; Working; accessible; administrative; administrators; advantage; aggregating; ancillary; attention; attracting; average; average-sized; averages; benchmarking; benefits; bottom; bought; bundle; business; busy; buying; call; case; ... show all keywords
1. Take a history lesson; 2. Understand contracts; 3. Beware of substitutes; 4. Develop a relationship; 5. Let the GPO work for you; 6. Don't overvalue pricing; 7. Prioritize your needs; 8. Make allowances; The bottom line; ASCs; Beware; Develop; GPO; GPO Players There; GPO Work? By; GPOs; Major GPO Players There; Make; Players There; Prioritize; Understand; Work? By; Working; accessible; administrative; administrators; advantage; aggregating; ancillary; attention; attracting; average; average-sized; averages; benchmarking; benefits; bottom; bought; bundle; business; busy; buying; call; case; center; charge; choose; choosing; claim; closely; companies; company's; compared; concentrated; conducted; confidence; consideration; contract; contracting; contracts; contractual; correct; cost; custom; deals; decide; delay; derives; deserve; designed; determine; develop; differ; differential; directly; docs; dollar; dramatically; drive; due; easily; effectiveness; efficiency; employee; ensure; equivalent; expanded; expensive; facilities; facility; fee; fewer; field; find; flexibility; focused; frequently; generate; give; good; great; growth; hesitate; historically; history; hold; hospitals; hundreds; important; improve; increase; industry; influence; initial; interests; inventory; issues; items; judging; justify; knowledgeable; largest; levels; leverage; logic; lose; lot; lower; made; make; management; managing; mandate; mandatory; mature; medical; member; methods; million; minimum; money; monitoring; monthly; multispecialty; obligation; offer; opened; operates; option; orders; outpatient; overvalue; packs; paid; percent; philosophy; physicians; preference; presents; pricing; problem; process; products; profits; programs; purchase; purchasing; put; quantities; quoted; rapid; realized; receive; recommend; relationship; remaining; remember; reorder; rep; represent; representatives; resolving; responsible; result; revenue; road; run; save; saving; secure; select; selecting; send; services; setting; shopping; similar; single; single-supply; small; sole-source; spend; spent; stable; staff; standardize; stands; starting; strategies; substitute; substitutions; supplier; supplies; supply; supply-related; surgeon; surgery; surgical; survey; taking; teams; time; top; trays; true; type; understand; unit; vendors; volume; voluntary/multi-source; work; working

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