New Medical Practice? A GPO Can Help You With All the Supplies and Services You Need
Digital Nomad Physicians · Dr. Mo
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Show Notes
If you're thinking about starting a cash-based, physical medical practice, there's one term you should know: GPO (Group Purchasing Organization).
A GPO helps you save money by negotiating bulk discounts on medical supplies, medications, office essentials, waste disposal, and even malpractice insurance. Instead of setting up contracts with multiple vendors yourself, you get instant access to lower prices through these organizations.
Pros:
- Streamlined purchasing
- Discounted rates on supplies & services
- Access to vendors that typically work with larger organizations
Cons:
- Some GPOs have membership fees (though most don't)
- Less flexibility in product selection
Popular GPOs to check out:
- Medline
- Premier Inc.
- McKesson
- Cardinal Health
- Vizient
- MPPG (Medical Practice Purchasing Group)
Should you use a GPO? It depends! If you're just starting out, you may be fine ordering directly from a major supplier like McKesson. But as your practice grows, a GPO can simplify operations and cut costs.
Have you used a GPO before? Let me know your thoughts! Email me at [email protected].
📌 Links & Resources: My Course on Starting a Medical Practice: https://www.digitalnomadphysician.com/courses/ 1:1 Coaching (30 mins - $250): https://www.digitalnomadphysician.com/consult