Journal ArticleDOI
Group Purchasing Organizations, Monopsony, and Antitrust Policy
TLDR
In this paper, the authors find GPOs to be procompetitive and suggest an antitrust policy that preserves the benefits of GPO operations while protecting consumers from any competitive shortcomings, and propose an auction-based solution.Abstract:
Group purchasing organizations (GPOs) consolidate the purchasing power of their members and negotiate contracts with input suppliers on their behalf. GPOs have received attention from the Department of Justice and Federal Trade Commission because of concerns over monopsony power and standardization of hospital production costs. GPOs have been criticized in the literature for their contracting practices, which may appear to be exclusionary, and their funding mechanism, which may lead to incentive incompatibility. We analyze these competitive concerns in turn. We find GPOs to be procompetitive and suggest an antitrust policy that preserves the benefits of GPO operations while protecting consumers from any competitive shortcomings. Copyright © 2013 John Wiley & Sons, Ltd.read more
Citations
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Journal ArticleDOI
Supply chain coordination with information sharing: The informational advantage of GPOs
TL;DR: This paper considers a supply chain composed of one GPO and two manufacturers competing in quantity and presents a forecast-sharing-based compensation contracting scheme, under which, the GPO can make perfect supply chain coordination in both quantities and information sharing, and all members in the supply chain can reach win–win results.
Journal ArticleDOI
Effects of the COVID-19 Global Crisis on the Working Capital Management Policy: Evidence from Poland
Grzegorz Zimon,Hossein Tarighi +1 more
TL;DR: In this article, the effects of the COVID-19 pandemic on working capital management policies among Polish small and medium-sized enterprises operating in Group Purchasing Organizations (GPOs).
Journal ArticleDOI
A hybrid approach for integrated healthcare cooperative purchasing and supply chain configuration
TL;DR: An innovative and flexible approach for recommending the number, size and composition of purchasing groups, for a set of hospitals willing to cooperate, while minimising their shared supply chain costs is presented.
Journal ArticleDOI
Trade credit management strategies in SMEs and the COVID-19 pandemic-a case of Poland
Grzegorz Zimon,Robert Dankiewicz +1 more
TL;DR: In this paper, the authors present the trade credit management strategy in Polish group purchasing organizations during the COVID-19 pandemic, showing that enterprises changed trade credit managing strategies from moderately conservative to highly conservative.
Journal ArticleDOI
An Influence of Group Purchasing Organizations on Financial Security of SMEs Operating in the Renewable Energy Sector—Case for Poland
TL;DR: In this article, the authors examined the financial effects of the implementation and functioning of the purchasing groups in the renewable energy sector in relation to entities operating independently and made a comparative analysis of key indicators determining the possibility of continuing the activity of these entities.
References
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Book
The Health Care Value Chain: Producers, Purchasers, and Providers
TL;DR: This important book offers an in-depth examination of how the health care supply chain helps create value and competitive advantage.
Journal ArticleDOI
Hospital purchasing alliances: utilization, services, and performance.
Lawton R. Burns,J. Andrew Lee +1 more
TL;DR: This study is the first national survey of hospital purchasing alliances and analyzes alliance utilization, services, and performance from the perspective of the hospital executive in charge of materials management, and develops national benchmark statistics.
Journal ArticleDOI
A Pedagogical Treatment of Bilateral Monopoly
TL;DR: A recent survey of the literature on intermediate microeconomic texts on the authors' bookshelves revealed that over 80 percent of the current treatments of this topic are in error as discussed by the authors.
Journal ArticleDOI
Health insurer monopsony power: the all-or-none model
TL;DR: The welfare effects of the all-or-none model of monopsony are compared to those implied by the traditional model.
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Hospital purchasing alliances: utilization, services, and performance.
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