The Healthcare industry in Malaysia comprises hospitals, medical devices, clinical trials, outsourcing, telemedicine, medical tourism, health insurance, and medical equipment. The Malaysian healthcare industry is growing at a tremendous pace owing to its strengthening coverage, services, and increasing expenditure by public as well as private players. With the excellence of medical facilities with the advancement of medicine and equipment, the costs in recent years for healthcare treatment in Malaysia have been rising.
The Malaysian healthcare landscape might present a homogenous face, but it is deeply divided within. When it comes to sourcing the supplies the business is based on, independent businesses often find themselves not only at the back of the line, but also blindfolded, and shackled. Here is the need of trending toward GPO emerges. Before opting to work with an Alliance Global Healthcare Group Purchasing Organization, find out how they work.
What Does Alliance Global Healthcare GPO do?
Medicine and equipment sales make up more than half of healthcare costs. For the small independent clinics or hospitals, this means researching, tracking, and negotiating agreements with healthcare distributors. The process is time-consuming and complex and should be rewarded with a great distributor-to-business relationship.
Alliance Global Healthcare Group purchasing organizations in healthcare primarily exist in Malaysian Healthcare for one simple, yet compelling reason: to help hospitals or clinics interested in buying similar products gain leverage through combined purchasing power.
For hospitals that use Alliance Global Healthcare Group Purchasing Organization (i.e., GPO members), that leverage ultimately generates preferable prices and contract terms, saves time, and frees up internal procurement resources, which ultimately ‘Speed to Savings.’
But Alliance Global Healthcare GPO also exist to benefit suppliers or the network of companies that offer goods and services to member companies. For suppliers, Alliance Global Healthcare GPO advantages come from having an expanded market share, increased access to industry insights and data, and better buyer relationships.
