Healthcare Purchasing

Healthcare purchasing involves selecting and acquiring health services, medications, and providers to meet the needs of patients and organizations. It includes decisions on which hospitals, doctors, or insurance plans to utilize, aiming to ensure quality care while managing costs. Payers, such as insurance companies or government programs, negotiate contracts and set reimbursement rates, balancing affordability with access to effective treatments. Efficient purchasing helps control healthcare expenses and improves patient outcomes by making informed choices about the resources used within the healthcare system.