Health, 16.07.2019 00:00 carsonjohnsonn

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

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GPO is an abbreviation for Group Purchasing Organizations.
A Group Purchasing Organizations refers to a company that is created in order to influence the purchasing power of a group of businesses. Group purchasing organization are usually involved in the purchasing of raw materials and supplies for industries.
The GPO that services the for profit segment of the industry is described as VERTICAL MARKET GPO. Vertical market GPO are those that services companies that are within a specific industry.

Answer from: brionnashelp

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

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