Lunch with FTI: Putting GPOs to the Test
FTI Consulting's John Reese and Amanda Short discuss Group Purchasing Organizations (GPOs).
Group Purchasing Organizations (GPOs) are often touted as surefire ways to reduce supply and medicine expenses for hospitals by leveraging collective buying power.
However, these entities are seldom vetted through ROI calculations and Maturity Models to verify their efficacy and value to healthcare organizations. The story that is told through these analyses suggests GPOs may not be as effective as local contracting and can in fact hurt hospitals financially. Learn how to achieve greater expense reduction through assessing and leveraging your GPO relationship.