Thank you so much for posting this! To your last point, why would it be bad for the hospital if the GPO wants the manufacturer to sell as much a possible (especially if membership fees are not contingent on volume sold)? Is it because of the risk of too much inventory on hand?
Good post. I have a question, as I had a long conversation with a colleague about this today. I was explaining that HC GPOs DO NOT purchase and self-distribute anything. They are simply the negotiator for the group of facilities. While they are for profit, they do not mark up anything. They take a small % cut. He adamantly disagreed. He said healthcare GPOs do buy and sell (distribute) and even have their own private label commodity type products, which they (or their wholly owned distribution arm) distributes for a profit. In other words, they are acting just like any other wholesale distributor. I am 99% certain this is not correct. Can you help sort this out?
Thank you for your question. The answer is… it’s complicated, sort of a combination of things. I found this article to be helpful: seekingalpha.com/article/4411967-premier-inc-undervalued-swan-on-surface-of-healthcare-industry
@@ahealthcarez thanks for that! Interesting, that I look at their sources of rev....(guidance for 2021) has admin fees (rev) at $580M and "Direct Sourcing of Products" rev of $690. They also, much like Vizient, have a private label "direct sourcing" arm Premier Pro S2S. I can't determine exactly how that operates, but it appears to be mostly commodity type products which may have been affected during the pandemic. I wonder, do they (Premier Pro) actually distribute....or is this just an agreement with mfr and distributors who distribute the Premier Pro line. To distribute themselves, they'd have to own and operate massive distribution centers. I just can't find anything that indicates that is the case. Thanks again!
Hi Dr. B, nice job teaching! You made it easy and entertaining for me to learn about GPOs. Quick question, I am student working on my master's scholarly project, and I am researching the market. More specifically, I am trying to determine different hospitals' GPO contract rates (e.g., breast localization). Where might I go to find this information? Thanks for your advice!
Hi Dr , am student from Denmark , i would like to know how to register Danish company in GPO's system ! Where can i find the information? IS there any rules before registeri under GPO? Thank you
@@ahealthcarez Can you please tell me the GPO Name which is working with GSK Directly for buying. Kindly help me out in this & I Need only one GPO Company whose supplier is GSK in USA
@@ahealthcarezIf we are the member of any GPO who have Contract with GSK then we can Purchase Products of GSK via GPO directly without opening a separate Wholesale account with GSK? Please Guide It is very important for me Thanks
This explanation was really helpful. Thank you
Thank you for watching.
Brilliant video. Clears things up a lot. Thank you.
Thank you for watching and for the feedback.
Great explanation, especially the history and the AKS law safe harbor.
Thank you for watching and for your comment.
Thank you so much for posting this! To your last point, why would it be bad for the hospital if the GPO wants the manufacturer to sell as much a possible (especially if membership fees are not contingent on volume sold)? Is it because of the risk of too much inventory on hand?
Good post. I have a question, as I had a long conversation with a colleague about this today. I was explaining that HC GPOs DO NOT purchase and self-distribute anything. They are simply the negotiator for the group of facilities. While they are for profit, they do not mark up anything. They take a small % cut. He adamantly disagreed. He said healthcare GPOs do buy and sell (distribute) and even have their own private label commodity type products, which they (or their wholly owned distribution arm) distributes for a profit. In other words, they are acting just like any other wholesale distributor. I am 99% certain this is not correct. Can you help sort this out?
Thank you for your question. The answer is… it’s complicated, sort of a combination of things.
I found this article to be helpful: seekingalpha.com/article/4411967-premier-inc-undervalued-swan-on-surface-of-healthcare-industry
@@ahealthcarez thanks for that! Interesting, that I look at their sources of rev....(guidance for 2021) has admin fees (rev) at $580M and "Direct Sourcing of Products" rev of $690. They also, much like Vizient, have a private label "direct sourcing" arm Premier Pro S2S. I can't determine exactly how that operates, but it appears to be mostly commodity type products which may have been affected during the pandemic. I wonder, do they (Premier Pro) actually distribute....or is this just an agreement with mfr and distributors who distribute the Premier Pro line. To distribute themselves, they'd have to own and operate massive distribution centers. I just can't find anything that indicates that is the case. Thanks again!
Hi Dr. B, nice job teaching! You made it easy and entertaining for me to learn about GPOs. Quick question, I am student working on my master's scholarly project, and I am researching the market. More specifically, I am trying to determine different hospitals' GPO contract rates (e.g., breast localization). Where might I go to find this information? Thanks for your advice!
Thank you for watching and for your comment.
Not sure what you mean by GPO co tract rate for breast localization.
Do GPOs help relay services to hospitals or just physical medical supplies?
Good question. Both.
Thank you!
Thank you for watching!!
Hi Dr , am student from Denmark , i would like to know how to register Danish company in GPO's system ! Where can i find the information? IS there any rules before registeri under GPO? Thank you
Can you please tell me which GPO have Contract with GSK?
They probably all do. Thank you for watching.
@@ahealthcarez Can you please tell me the GPO Name which is working with GSK Directly for buying.
Kindly help me out in this & I Need only one GPO Company whose supplier is GSK in USA
@@ahealthcarezIf we are the member of any GPO who have Contract with GSK then we can Purchase Products of GSK via GPO directly without opening a separate Wholesale account with GSK?
Please Guide
It is very important for me
Thanks
Prosecutors and competition. Something to consider.
Good point.
Gpo is a Roblox game bruh
🤣😉
Private and Public.
Thank you for your comment.
Stem cells and intentional regulations.
this isnt roblox
LOL
Chess and periodic tables and what is and what isn’t effected or effective. Perhaps… better can be seen.
Vendors. Proxy… layers.
But also… babies and bath water…. Breathe. Interoperability