Question

Which GPO services the for-profit segment of the industry?

Answer 1

The answer is Healthcare Supply Chain Association.

Further explanation:

GPO stands for Group Purchasing Organization. Health Supply Chain Association, GPO provides services to for-profit segment to promote its standards healthcare. Group Purchasing Organization is an organization that helps the providers of healthcare like health care agencies, surgery centers, clinics, hospital and so on.

GROUP PURCHASING ORGANIZATION (GPO)

A Group Purchasing Organization (GPO) refers to an organization that is established to influence the purchasing power of business groups. These organizations are involved in supplying for industries and the purchase of raw materials.

A Group Purchasing Organization (GPO) helps in promoting good and quality healthcare relief and also helps in assisting different providers to manage expenses effectively. There are several healthcare providers that make purchasing selection in a committee setting. These are usually composed of expertise in healthcare like nurses, doctors and other clinicians.

The committee helps in purchasing which medical supply is most appropriate if we see from a clinical standpoint.

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Answer details

Grade: Middle School

Subject: Health

Topic: Group Purchasing Organization

Keywords: organization, business, industries, healthcare, expertise, raw materials, surgery, clinics

Answer 2

Answer:

Healthcare Supply Chain Association

Explanation:

GPO is an abbreviation used for 'group purchasing organization'. It is an organization that helps the healthcare providers like the hospitals, health care agencies, etc to aggregate their purchasing power and negotiate concessions with the manufacturers and other vendors.

The GPO which renders its services to for-profit segment of the industry is Healthcare Supply Chain Association to promote the standards of healthcare in the industry.