Authored by Cornerstone Partners GPO
Managing rising drug costs, declining reimbursements and the pressure to demonstrate improved outcomes: the pressures for specialty practices have never been greater. Thankfully, working with a Group Purchasing Organization (GPO) means that you don’t have to go it alone.
Leveraging the collective buying power of their members, Group Purchasing Organizations work directly with manufacturers to obtain discounts and favorable product pricing based on the volume and market share they represent. However, the benefits of joining a GPO extend beyond pricing.
Here are some of the additional benefits that GPO membership provides:
Access to educational opportunities and clinical expertise
GPOs connect members of the same specialty together to extend your practice’s network of industry contacts. Through networking with peers in your therapeutic area, your practice can gain valuable insights and share best practices. Additionally, GPOs can connect their members to clinical experts in their specialty and offer educational opportunities and events to help your practice stay informed on clinical treatment advances, regulatory changes and other key industry topics.
Inventory management solutions to optimize your performance
Many GPOs offer technology solutions to help your practice gain visibility into your drug spend and manage your inventory. Through digital inventory management tools, your practice can track utilization and capture billing charges in a timely manner, freeing up internal resources and driving increased efficiency and productivity. Additionally, these solutions can provide valuable analytics to help your business make more informed decisions.
Delivering improved patient care through your infusion center
As more and more intravenous biologic therapies reach the market, effectively managing your infusion center is essential to providing outstanding patient care. Working with a GPO partner, your practice can access infusion center management software solutions that offer simplified scheduling, insurance verification, drug-specific treatment notes and better inventory management.
Cornerstone Partners GPO, the largest group purchasing organization exclusively for rheumatology and gastroenterology specialties, provides practices with these and other tools to drive continuous improvement and help their members thrive. Contact our team for more information on how we can create opportunities for your practice.