Construction_Quick Take

By partnering with GPOs utilizing spend management best practices, healthcare organizations can access cost-effective procurement strategies, competitive bidding processes and bulk purchasing agreements, resulting in significant savings on construction materials, equipment and services. Standardizing materials and equipment is a powerful tool in controlling costs without compromising quality. Embracing spend management technology and data-driven decision-making is essential for efficient procurement and cost control.

QUICK TAKE

Research and identify reputable performance improvement GPOs that specialize in spend management healthcare procurement best practices. Reach out to understand their services, membership requirements and fee structures. Evaluate the potential benefits of joining a performance improvement GPO for your healthcare construction project, considering the scale of your project and the types of goods and services you plan to procure. Establish a partnership with a performance improvement GPO that aligns with your project's goals and budget constraints.

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