Expense Cycle Management Solutions will include forming a Group Purchasing Organization. Group purchasing organizations (GPOs) are purchasing agents authorized to act for their members, thus allowing them to enter into agreements with suppliers or manufacturers through which items and supplies can be purchased by members at competitive prices. Because of their large member base, GPOs are able to negotiate much more favorable prices with suppliers for a particular item or service than individual providers could on their own. This GPO will be supported by acquisition of related expense side suppliers. This approach will leverage a single physician member purchasing power by the combined volumes of all participating members. :

This Member Benefit as a cost reduction strategy will focus on reducing the internal costs and maintain tighter control over supplies and related spending. Provide substantial savings on Medical Supplies and the corresponding costs associated with ordering, inventory control and shrinkage. We anticipate splitting the savings-dollar for dollar with our members.