GPO membership: It’s more than just product discounts

Authored by Cornerstone Partners GPO

Managing rising drug costs, declining reimbursements and the pressure to demonstrate improved outcomes: the pressures for specialty practices have never been greater. Thankfully, working with a Group Purchasing Organization (GPO) means that you don’t have to go it alone.

Leveraging the collective buying power of their members, Group Purchasing Organizations work directly with manufacturers to obtain discounts and favorable product pricing based on the volume and market share they represent. However, the benefits of joining a GPO extend beyond pricing.

Here are some of the additional benefits that GPO membership provides:

Access to educational opportunities and clinical expertise

GPOs connect members of the same specialty together to extend your practice’s network of industry contacts. Through networking with peers in your therapeutic area, your practice can gain valuable insights and share best practices. Additionally, GPOs can connect their members to clinical experts in their specialty and offer educational opportunities and events to help your practice stay informed on clinical treatment advances, regulatory changes and other key industry topics.

Inventory management solutions to optimize your performance

Many GPOs offer technology solutions to help your practice gain visibility into your drug spend and manage your inventory. Through digital inventory management tools, your practice can track utilization and capture billing charges in a timely manner, freeing up internal resources and driving increased efficiency and productivity. Additionally, these solutions can provide valuable analytics to help your business make more informed decisions.

Delivering improved patient care through your infusion center

As more and more intravenous biologic therapies reach the market, effectively managing your infusion center is essential to providing outstanding patient care. Working with a GPO partner, your practice can access infusion center management software solutions that offer simplified scheduling, insurance verification, drug-specific treatment notes and better inventory management.

Cornerstone Partners GPO, the largest group purchasing organization exclusively for rheumatology and gastroenterology specialties, provides practices with these and other tools to drive continuous improvement and help their members thrive. Contact our team for more information on how we can create opportunities for your practice. 

 

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  • As a speaker at the first ad hoc meeting of rheumatology practice managers gathered in a single small room at its infancy a decade ago, I’m amazed to see how NORM has blossomed into a high energy organization of depth and professional meetings with parallel break-out symposia between plenary sessions. NORM has truly come of age. This is where the “business” of rheumatology gets learned. The ”guildmanship” for rheumatology practice management is now strong.- Paul H. Caldron, DO, FACP, FACR, MBA, Arizona Arthritis and Rheumatology Associates
  • In a time of demanding changes in the management of medical practices in the US, NORM has been a lifesaver to the community of Rheumatology practices.  NORM has allowed our practice to stay ahead of the many demands of CMS and others payors and has ensured that our practice remains cognizant of new issues that arise in HIPPA compliance, human resources and medical billing to name a few. Sending our Practice Manager to NORM's conferences has been cost-effective and beneficial to our practice because she returns to our office with an abundance of information that otherwise would have taken months to compile. Every Rheumatology practice that wishes to stay on top of emerging issues in practice management should consider sending a member of their staff to NORM's conference.- Michael S. Rosen M.D., Chester County Rheumatology PC
  • Thanks to all those wonderful people in the NORM Network who respond to emails, offering their advice, experience, time, and support ... I haven't even been a member a full year yet and I am amazed at the dedication of everyone who responds to helping via emails and the NORM Organization itself! I have barely had a chance to explore the resources and I have yet to really dive into requests for help still I am silently learning so much and do occasionally offer what I can! Thank you all!- Cheryl Piambino, Kenneth E. Bresky, DO

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