The economic analysis found Medicare and Medicaid will experience significant savings over the same time period as well, at $229.3 billion and $169.5 billion, respectively.
In 2012, GPOs generated $55.2 billion in savings to the healthcare system, and researchers believe this trend will continue.
Researchers even suggest these savings estimates fall on the low side. Since GPOs bring down supply costs, “this means that there is some portion of the savings attributable to GPOs which is ‘buried’ in the baseline and is incalculable,” according to the report.
More Articles on GPOs:
Premier Files Comments on FY 2015 IPPS Proposed Rule
Health Apps Coming to GPOs
11 Ways GPOs Can Help Mitigate Drug Shortages
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.
