News | February 03, 2015

HSCA Comments on Congressional Budget, Office Budget and the Role of GPOs in Containing Healthcare Costs

HSCA calls attention to the significant costs savings group purchasing organizations offer U.S. health system, medicare and medicaid and taxpayers

Business, HSCA, Budget and Economic Outlook, Congressional Budget Office

Image courtesy of HSCA

February 3, 2015 — Healthcare Supply Chain Association (HSCA) President Curtis Rooney released the following statement on the annual Budget and Economic Outlook compiled by the Congressional Budget Office (CBO) and the billions in cost savings group purchasing organizations (GPOs) deliver to hospitals, Medicare and Medicaid programs, and American taxpayers:

“GPOs are a critical cost containment solution for the U.S. health system, which was one of the primary areas for budgetary concerns highlighted in the CBO’s annual ten year outlook. Hospitals and healthcare providers continue to face mounting financial pressure to cut costs, and will turn to their GPO partners to find savings and deliver the best products at the best value.

“By offering cost-effective solutions, GPOs are able to help hospitals preserve patient access to affordable, timely and effective care. By pooling resources and identifying areas for innovation in the supply chain, GPOs provide opportunities for lowering spending across the entire healthcare system.”

“A recent empirical analysis compiled by healthcare economists Dobson DaVanzo and Associates found GPOs generate up to $55 billion in annual savings for hospitals, Medicare and Medicaid, and taxpayers. The report used U.S. government health data and specifically found that from 2013 to 2022, GPOs are expected to create savings of up to $864 billion for the entire U.S. health system, $229 billion in Medicare savings, and $169 billion in Medicaid savings.”

For more information: www.supplychainassociation.org

 

Related Content

Videos | Radiology Business | March 22, 2019
American Society of Radiologic Technologists (ASRT) President Melissa Jackowski, Ed.D., R.T.(R)(M), FASRT, explains e
ASRT Elects Four New Officers for 2019
News | Radiology Business | March 22, 2019
March 22, 2019 — Members of the Americ...
Imaging Technology News Named 2019 Regional and National Azbee Awards Finalist
News | Radiology Business | March 08, 2019
March 8, 2019 — Imaging Technology News (ITN) was named a finalist in multiple categories across pr
Podcast | Cardiac Imaging | March 08, 2019
Why CT angiography cannot replace invasive angiography
Carestream Health has signed an agreement to sell its healthcare information systems (HCIS) business to Philips Healthcare. Image by geralt on Pixabay

Carestream Health has signed an agreement to sell its healthcare information systems (HCIS) business to Philips Healthcare. This includes its radiology and cardiology PACS and reporting software. Image by geralt on Pixabay 

News | Radiology Business | March 07, 2019
Carestream Health has signed an agr
Dianna Bardo, M.D., is the vice chair of radiology for clinical development at Phoenix Children’s Hospital.

Dianna Bardo, M.D., is the vice chair of radiology for clinical development at Phoenix Children’s Hospital. 

Sponsored Content | Webinar | Enterprise Imaging | March 06, 2019
The webinar "Replacing PACS and the Benefits of Enterprise Partnership in a Pediatric Hospital" will take place at 2
FDA Commissioner Scott Gottlieb Announces Resignation
News | Radiology Business | March 05, 2019 | Jeff Zagoudis, Associate Editor
U.S. Food and Drug Administration (FDA) Commissioner Scott Gottlieb, M.D., resigned from his position March 5 after two...
Patients and surgeons at Hoag Memorial Hospital are looking at virtual reality reconstructions (right) over conventional 2D images

Slice v 3D: Patients and surgeons at Hoag Memorial Hospital are looking at virtual reality reconstructions (right) over conventional 2D images. Images courtesy of Hoag Memorial Hospital

News | Radiology Imaging | March 04, 2019 | By Melinda Taschetta-Millane