HIGPA President Curtis Rooney said the following in the statement: “As the President, Congress and all parties to the U.S. healthcare delivery system search for ways to rein in healthcare spending, GPOs are already increasing competition and reducing healthcare expenses for Medicare and American hospitals. GPOs are cost containment.
“Healthcare reform implementation and Medicare reimbursement reform will mean even greater financial strain on American hospitals already operating in the midst of budget crises,” he said. “Hospitals will rely on GPOs more than ever to help deliver the highest quality products at the best value.”
According to the HIGPA statement, studies indicate that GPOs will save Medicare $104 to $230 billion from 2008 to 2017, and will save Medicaid between $74.1 and $162.5 billion during the same period.
Read the statement in response to the State of the Union from HIGPA (doc).
Read more supply chain coverage:
– 5 Healthcare Supply Companies With the Highest Future Earnings Growth
– 5 Keys to Successful Product Standardization in ASCs
– 6 Predictions on Device Market Growth in the Next Five Years
At the Becker’s 32nd Annual Meeting: The Business and Operations of ASCs, taking place October 29-31 in Chicago, ASC leaders, surgeons and healthcare executives will explore strategies to drive growth, enhance operational performance, navigate reimbursement challenges and prepare for the future of ambulatory surgery. Apply for complimentary registration now.