Tag: Independent pharmacy

According to the Healthcare Supply Chain Association, Group Purchasing Organizations (GPOs) are estimated to save the U.S. healthcare system up to $55 billion annually. This massive economic impact highlights why understanding what does GPO stand for in pharmacy is crucial for healthcare professionals and business owners seeking to optimize their supply chain and reduce costs.

Group purchasing organizations (GPOs) are estimated to save the U.S. healthcare system over $50 billion every year by leveraging collective buying power. For pharmacies, particularly independent ones, understanding **what is GPO in pharmacy** is crucial for navigating the complex procurement landscape, reducing operational costs, and remaining competitive.

An estimated 83% of independent pharmacies in the U.S. contracted with a Pharmacy Services Administrative Organization (PSAO) in 2019, highlighting their critical role in the complex healthcare landscape. This guide explains what is a PSAO, its essential functions, and how it empowers independent pharmacists to thrive in an increasingly competitive market.