Group Purchasing in Healthcare

Group purchasing in healthcare involves hospitals, clinics, or other providers banding together to buy medical supplies, equipment, and services collectively. By pooling their buying power, these organizations can negotiate better prices and terms than they could individually, reducing costs. This collaborative approach ensures access to quality products while managing budgets effectively. It's similar to how a group of people might get a discount on bulk purchases, but adapted for large-scale healthcare procurement. Overall, group purchasing helps healthcare providers operate more efficiently and pass savings on to patients.