What is a Healthcare GPO?
In the United States, a group purchasing organization (GPO) is an entity that is created to leverage the purchasing power of a group of businesses to obtain discounts from vendors based on the collective buying power of the GPO members. Healthcare GPOs typically provide contracted discounts on medical supplies, nutrition, pharmacy and laboratory.*
How Can Specialists Leverage GPOs?
The shift to value-based care is compelling specialty practices to improve quality and reduce total costs of care in an effort to deliver better outcomes. While many practices are looking to lower drug costs for immediate savings, weighing treatment decisions in terms of optimizing patient outcomes, safety and total costs can be a challenge. Success under value-based reimbursement models will require specialists to adopt a drug contracting approach that is based on value, the use of evidence-based care paths, and integration of patient genomic profiles.
How Does Integra Connect’s Optimal Value GPO Help Specialists?
Integra Connect Optimal Value GPO blends group purchasing with a sophisticated formulary for specialty products, driven by evidence-based care paths, payer APMs and genomic personalization. lntegra Connect Optimal Value Solution includes:
- Holistic Patient View
- Drug Cost Optimization
- Advanced Analytics
- Medication Adherence
- Complete MIPS Solution
- Practice Transformation
*Source: https://en.wikipedia.org/wiki/Group_purchasing_organization