Since the advent of the Group Purchasing model in 1917 and pricing research organizations in 1923, little has changed in the procurement of goods and services in Healthcare. This extended period of stagnancy is over. 

With the GSO, hospitals are connected with the GSO-Affiliates who help them source their critical goods and services from their existing suppliers at significantly lower prices. The GSO-Affiliates help reduce these costs while also generating revenue when making those purchases.  

At one hospital for the fiscal year 2022, The GSO-Affiliates created $6,000,000 in retained savings while generating $300k of revenue during its first 10 months as a Subscriber.    Based on 2021 financials, that number is the equivalent of the Hospital generating almost $325,000,000 in new total patient revenue (an introduction to this Hospital is available upon request). 

At no charge to the Hospitals, The GSO also provides several integrated cost-saving technology tools: https://thegso.com/gso-tools/  that include, Asset Management, Contract Management, Transaction Management, and Employee Workshops that help create and effect significant savings while raising satisfaction scores. 

If you are benchmarking your pricing using data provided by your GPO, or research organizations that utilize 2+ week old customer data and evaluate similar part numbers from a different geography, your hospital is likely paying more than it needs to.

Group Buying

Hospital

The Group Savings Organization

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