Feb. 15, 2013
/PRNewswire/ -- The Healthcare Group Purchasing Industry Initiative (
) today released its seventh annual
Report to the Public,
a comprehensive industry review which found that group purchasing organizations (GPOs) consistently maintain high ethical standards and business practices that promote innovation, transparency in the bidding process and compliance. HGPII Co-Coordinators, former Representative
(R-PA), and former Senators
(R-UT) oversaw the review process and presented the report findings earlier today to Capitol Hill staff. The entire report, which details the coordinators' extensive and objective assessment of the GPO industry, can be viewed on the HGPII website.
"Financial pressure on U.S. hospitals and healthcare providers has never been more acute, and providers rely on GPOs to reduce costs in all areas of the healthcare supply chain. HGPII is dedicated exclusively to the promotion of increased transparency and ethics in GPO business practices," said HGPII Co-Coordinator and former Representative
. "After a year of conducting the most thorough interviews and site visits in HGPII's history, and reviewing responses to hundreds of questions, we have determined that HGPII members have created internal business safeguards and enforcement mechanisms to prevent conflicts of interest; improved transparency in the bidding and awards process; and developed and implemented policies that facilitate and promote the availability of news, innovative technologies for healthcare."
HGPII is an independent, voluntary organization that was founded in 2005 as a non-profit organization by the chief executives of those healthcare GPOs who thought the industry should do more collectively to demonstrate a strong commitment to ethical values. HGPII promotes the development and improvement of accountability standards, business practices, and ethics to its customers, vendors, and the public to help create higher industry standards for quality and value.