HSCA Releases Fourth Annual Report On Value GPOs Deliver To The Healthcare Supply Chain
Washington, DC (June 4, 2021) – The Healthcare Supply Chain Association (HSCA), which represents the nation’s leading healthcare group purchasing organizations (GPOs), today released its fourth annual report on the value that GPOs deliver to the healthcare system. The report, which was based on existing academic research and on a survey of HSCA member GPOs, found that GPOs played a critical role in supporting COVID-19 response efforts; helped promote an increase in member provider use of virtual health operations from 2 percent to 70 percent; drove quality throughout the healthcare system; increased competition; and advanced supply chain resiliency while delivering up to $34.1 billion annually in critical cost-savings to providers.
“The COVID-19 pandemic placed enormous and unprecedented stress on the entire healthcare system, including hospitals, other healthcare providers, and the supply chain. GPOs have been critical partners to America’s healthcare providers in the COVID-19 fight, working closely alongside hospitals and other providers to help support access to essential products and safeguard patient care,” said HSCA President and CEO Khatereh Calleja. “This year’s HSCA Annual Value Report confirms what hospitals, healthcare providers, suppliers and policymakers see every day: GPOs enhance quality, increase competition, reduce costs, strengthen visibility, and support response efforts to crises like COVID-19.”
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