Kevin Ryan Quoted on Group Purchasing Organizations

McKnight's Long-Term Care News

Kevin Ryan, a Member of the Firm in the Health Care and Life Sciences practice, in the Chicago office, was quoted in an article titled "Economies of Scale."

Following is an excerpt:

In today's turbulent economic climate, where dwindling reimbursement and climbing operating costs are challenging mainstays, long-term care organizations must scrutinize every expense and seek smarter ways to trim any fat. And if they haven't yet forged a relationship with a group purchasing organization, they could be throwing valuable dollars right out the window, purchasing experts warn.

Closed-door pharmacy services are another GPO offering that might be worthy of a closer look. "These pharmacy programs can offer purchasing power, combined with pharmacy administration for long-term care providers," notes Ryan.