Fact: Most GPOs don’t charge a membership fee.
Fact: Because they aggregate the purchase volume of all of their members, GPOs can usually negotiate discounts and rebates that deliver more competitive prices than practices can obtain on their own. Joining a GPO can also free up your staff’s valuable time – so they no longer have to “shop around” for the best pricing.
Fact: The process of joining a GPO is easy: Simply sign a participation agreement, provide your practice’s contact information and submit your practice’s DEA and HIN information. On average, most practices are fully onboarded within 30 days.
Fact: GPOs work with a variety of manufacturers to provide members with a comprehensive contract portfolio. In most cases, working with a GPO will expand your product and manufacturer options.
Fact: While discounted product pricing is the key GPO benefit, most GPOs also offer a suite of clinical, financial and operational services and solutions to optimize your practice’s performance. You should expect a GPO to offer practice analytics tools, automated inventory management solutions, practice consulting, educational opportunities and other tools and support to position your practice for success.