Group Purchasing Organization. An organization whose primary product or service is the development of purchasing contracts with product and non-labor service vendors that its hospital membership can access.
Group purchasing organization. In the USA, an organization for collective purchasing of medical supplies and drugs.
GUARANTEED PURCHASE OFFER. This is the amount that AECC offers to purchase the transferee's home based upon the average of the appraisals ordered through the marketing company.
Group purchasing organization. An entity consisting of two or more hospitals or other health care entities that is formed to offer its members access to purchasing contracts for health supplies (i.e., pharmaceuticals, biologics, medical/surgical equipment, laboratory supplies, and other capital equipment). GPOs actively negotiate contracts with manufacturers on behalf of their members, provide their members access to the purchasing contracts of other GPOs, and/or have central purchasing supply sites which are utilized by their members.
GPOs (Group Purchasing Organizations) negotiate contracts between a drug manufacturer and a group of hospitals (or IHS s). Contract management and logistics are then handled by distributors ( e.g., McKessonHBOC). On average, a hospital belongs to approximately 2.3 GPOs (circa late 1995). Here’s a partial list of GPOs (circa late 1997)
A company whose business is to contractually buy larger quantities of healthcare and medical products than a single facility would, thereby attaining better pricing. Some of the savings should be passed along to the facilities participating with that GPO. GPO contracts, both with vendors and facilities, are usually quite restrictive.