Sourcing a GPO
If you decide that a GPO model is the right fit for your spend management needs, Corcentric’s GPO strategic sourcing experts can help you partner with a GPO best suited for your category management needs.
A regional health system and academic medical center needed to meet aggressive cost savings targets for their fiscal year and gain greater transparency into spend activity. The organization engaged Corcentric to determine the appropriate sourcing strategy to achieve the following objectives:
Corcentric conducted a sourcing event to identify the best-fit Group Purchasing Organization. Multiple GPO offerings were evaluated based on spend under membership, shareback percentage, standardization rebates, specialty programs, spend analytics and benchmarking tools, networking opportunities, and other program value adds. Corcentric provided decision support throughout the sourcing and selection process, and completed a detailed analysis to demonstrate quantitative and qualitative benefits available through each GPO arrangement.
At the completion of final negotiations, the organization realized $10M in savings.