How Group Purchasing Organizations Help Aging Care Providers

Aging care providers are facing many challenges. Rising costs, not enough staff, and a growing need for supplies are just some of the issues. Providers must ensure that they have enough supplies to care for older adults and those with complex medical needs. However, managing these supplies has become more difficult. There are delays in receiving essential items, storage issues, and the need to maintain food and nutrition programs.

The COVID-19 pandemic and recent natural disasters have made these problems worse. Supply chains are more vulnerable than ever. Additionally, healthcare is shifting from volume-based care to value-based care, which means providers must improve their supply chains to get better results for patients. This change has created even more challenges for providers. But there is a solution: group purchasing organizations (GPOs).

What is a Group Purchasing Organization (GPO)?

A group purchasing organization helps providers save money by using their buying power. GPOs negotiate discounts on products and services for their members. This means aging care providers can access lower prices without having to do all the work themselves.

For example, a health care group purchasing organization takes care of negotiating contracts and talking with suppliers. This saves providers time and helps them get the best deals on everything they need to run their facilities, like medical supplies and food. Providers can focus more on patient care while the GPO handles the supply chain challenges.

Why Should Aging Care Providers Work with a GPO?

As staffing shortages continue, it’s important for aging care providers to have a partner they can rely on. A Group Purchasing Organization can help manage increased costs, reduce workload, and provide resources that support quality care. By working with a GPO, aging care providers can take advantage of discounted pricing and gain access to a wide range of supplies and services.

GPOs help with things like medical equipment, pharmaceuticals, and even food services. By using a GPO, aging care providers can solve the challenges that come with caring for people with complex medical needs while saving money.

GPOs: A Valuable Partner for Aging Care Providers

A healthcare group purchasing organization can also help providers navigate unexpected supply chain problems and keep costs under control. GPOs offer a complete solution for purchasing needs, making sure providers can access everything they need without spending extra time or money.

For example, AdvantageTrust, a division of HealthTrust Performance Group, works specifically with aging care providers and nonprofit organizations. They offer the same contracts and pricing as large hospital systems. AdvantageTrust ensures that aging care providers get the best deals and services, making it easier for them to manage supplies and services.

Aging care providers are facing difficult challenges, but group purchasing organizations (GPOs) can help. By working with a GPO, providers can save money, improve efficiency, and manage supply chains more effectively. GPOs offer valuable support in ensuring that aging care providers have the products and services they need to deliver high-quality care. By teaming up with a GPO, aging care providers can focus on what matters most: providing the best care for their residents.