Unsung Heroes of Health Care Reform?: $36 Billion in Annual Savings Linked to 'Group Purchasing Organizations' in Major Survey of Over 400...(5FE7CAD-6BC4-449C-BA21-08D170F5B28C/0/Pu...),Health

Date:4/29/2009

5FE7CAD-6BC4-449C-BA21-08D170F5B28C/0/Pulse.pdf" target="_new">survey by the Healthcare Financial Management Association. They also found that eight in 10 hospitals report declines in non-operating revenue since the economic recession began last summer, and seven in 10 report fewer days cash on hand. Four in 10 hospitals report a decline in net patient revenue and investment losses of 25 percent or more.

Dr. Eugene S. Schneller said: "Though largely invisible to the health care consuming public, GPOs are key players in health care reform. They literally save the country tens of billions of dollars annually through the power of aggregated purchasing volume and negotiated discounts with manufacturers, distributors and vendors."

Commenting on the new report, Todd Ebert, president and CEO, Amerinet, Inc., a St. Louis-based investor-owned group purchasing organization, said: "GPOs are the unsung heroes of health care reform. This is an efficiency maximizing practice whose time has truly come. During this time of economic hardship, health care group purchasing is an 'at hand-solution' to one of the major financial crises facing this country - escalating heath care costs. Related cost savings also ensure more Americans get the health care they need and deserve."

Alan Yordy, president and CEO, Peacehealth Hospital, Bellingham, Washington, said: "The contract we have with our GPO produces significant, demonstrable savings for our hospital. GPO produced efficiencies could not be more important for our hospital, especially during this time of economic necessity. Dollars saved allow us to devote our scarce resources directly to patient care; it also enables us to hire more doctors and nurses."

Curtis Rooney, president, Health Industry Group Purchasing Association, said: "Group Purchasing Organizations support President Obama's call for providing high quality, aff
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SOURCE Dr. Eugene S. Schneller, Arizona State University; Health Care Sector Advances, Inc. Copyright©2009 PR Newswire. All rights reserved

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