Blog

5 Benefits of Orthopedic Group Purchasing

Posted Jun 6, 2014

6869772267_859961ebb2_bA study conducted by Dr. Eugene Schneller, Professor of Supply Chain Management at Arizona State University: ‘The Value of Group Purchasing 2009: Meeting the Needs for Strategic Savings’,  reports that group purchasing saves the healthcare industry $36 billion annually.  For decades, hospitals have used the advantages of group purchasing to leverage their combined purchasing power to receive significant discounts and realize tremendous efficiencies and savings.

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Group Purchasing Organizations Orthopedics

How to Decrease Your Orthopedic Practice's Costs

Posted Oct 15, 2012

HIS decrease costsMedical practice costs have risen over 50% in the last decade, far outstripping the Consumer Price Index and Medicare payment rates (ama-assn.org.) More specifically, orthopedic practices are facing declines in patient numbers, reimbursements, and elective surgeries (according to beckersorthopedicandspine.com). Physicians are looking for ways to avoid making the difficult choice between reducing their practice costs and maintaining practice efficiencies and service. Your office might be able to cut costs from various places in your practice, from overhead costs to revenue cycle management.

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Group Purchasing Organizations Revenue Cycle Management Orthopedics Health Insurance