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Boost Medical Practice Profitability from Group Purchasing Organization

Patrick Dougherty

We've told you in the past how any medical practice can join a Group Purchasing Organization (GPO), but did you know that you can truly boost the revenue in your practice just by taking this step? GPOs help your practice by offering volume buying power through economies of scale that you wouldn't otherwise have access to. This allows your practice to obtain the best possible prices on services and supplies that you use on a regular basis, saving you money across your supply chain. Boosting your revenue takes this conversation a step further, into understanding the value of time for services and how leveraging your GPO across practice lines provides additional benefits.

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Topics: Group Purchasing Organization (GPO)

Should a Medical Practice Join Group Purchasing Organization (GPO)?

Patrick Dougherty

The small and medium sized medical practice is finding its profit margin shrinking with every new compliance regulation and insurance readjustment. The opportunity to save money on the operations side may help grow a bottom line without having to levy new fees on patients or giving up office services. A group purchasing organization (GPO) leverages the power of numbers to lower prices for members without having to give up on the quality of the product.

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Topics: Group Purchasing Organization (GPO)

Any Medical Practice Can Join a Group Purchasing Organization (GPO)

Patrick Dougherty

It's hard to deny that profit is getting pinched in most small and medium-sized medical practices today. Lower reimbursements, more regulatory and compliance red tape—all make it more difficult to grow your bottom line by boosting revenue alone. The changes have to come from lowering your operating expenses. 

That's where Group Purchasing Organizations (GPOs) come in. Here's what you need to know about GPOs and your medical practice—and why it makes sense to join one if you can. 

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Topics: Group Purchasing Organization (GPO)

About this blog

A place for physicians and other healthcare stakeholders to share and discover information about everything related to running efficient medical practices.

Established in 2002 by a group of physicians, we are a national provider of medical billing services to group practices, clinics, and individual physicians. We also specialize in provider credentialing, payer contract reviews, and medical coding for a wide range of clients - from solo practitioners to multi-site, multi-specialty practices.

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