Nonprofits Industry
GAO questions savings from large buying groups: health agencies go it alone.(General Accounting Office)
Non-profit Times, The, October, 2002 by Pope, Tom
Nonprofit hospitals may envy the buying strategies from the Iowa Health System (IHS) in Des Moines. If the trend holds up from a recent General Accounting Office (GAO) report, nonprofits could save on supply purchases by buying directly from vendors.
Iowa saved $7.6 million in the first wave of new contracts signed with suppliers, compared to buying from traditional group purchasing organizations (GPOs). Further, the system expects to eventually save between 30 percent and 40 percent going it alone.
IHS consists of 11 hospitals with 3,161 beds. It now just maintains a few residual contracts with some buying groups. "We looked at what we were paying to see if we had the critical mass to buy from a supplier," said Jim Zahnd, vice president of public...
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