Ultimately, the survey found participating HGPII organizations maintain a strong ethical culture by adhering to rigorous public standards and maintaining enforceable internal controls covering all of their purchasing activities.
Additionally, the authors suggest group purchasing organizations actively promote the availability of new innovative technologies in the healthcare marketplace, and frequently sponsor programs that encourage greater diversity in the supply chain by promoting firms with minority ownership.
“The analysis demonstrates that our members are rigorously adhering to their commitments to high standards of ethics, procedural fairness and professionalism — commitments that provide their health service customers real savings through group purchasing,” said Phil English, national coordinator of HGPII. “Our review of the current business practices in the supply chain…demonstrates that HGPII participants are continuing to make solid, measurable progress in raising the bar for leveraging healthcare savings within a competitive market while maintaining quality.”
To access the full HGPII Tenth Annual Report to the Public, click here.
More articles on supply chain:
Revising supply chain strategy can drive positive change in the healthcare industry
Researchers propose supply chain strategy that could reduce patient wait times for vaccines
Infographic: Hospital decision makers place supply chain as top priority
At Becker's 4th Annual CEO + CFO Roundtable, taking place November 2–5 in Chicago, more than 1,500 hospital and health system executives tackle decisions that determine whether organizations thrive or merely survive: protecting margins under cost pressure, choosing where to grow, renegotiating payer relationships, stabilizing the workforce and proving real ROI on technology. This is where leaders work through them together, face-to-face. Apply for complimentary registration now.