The Healthcare Group Purchasing Industry Initiative has published its tenth Annual Report to the Public, which covers the state of best business practices within the healthcare group purchasing industry in 2015. The report gathers data from a comprehensive survey of ethics standards and purchasing policies within the healthcare supply chain.
Ultimately, the survey found participating HGPII organizations maintain a strong ethical culture by adhering to rigorous public standards and maintaining enforceable internal controls covering all of their purchasing activities.
Additionally, the authors suggest group purchasing organizations actively promote the availability of new innovative technologies in the healthcare marketplace, and frequently sponsor programs that encourage greater diversity in the supply chain by promoting firms with minority ownership.
"The analysis demonstrates that our members are rigorously adhering to their commitments to high standards of ethics, procedural fairness and professionalism — commitments that provide their health service customers real savings through group purchasing," said Phil English, national coordinator of HGPII. "Our review of the current business practices in the supply chain…demonstrates that HGPII participants are continuing to make solid, measurable progress in raising the bar for leveraging healthcare savings within a competitive market while maintaining quality."
To access the full HGPII Tenth Annual Report to the Public, click here.
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