How do these pricing confidentiality clauses affect group purchasing, expense management consulting and hospital control over pricing information?
Premier has several comparative databases that we have developed to help our members drive additional value in this challenging area. Through these clinical benchmarking databases, CardiacFocus, OrthoFocus and SpineFocus, we are able to identify significant pricing variation and opportunity for standardization, utilization changes and overall expense reduction. This information is always blended and blinded so there is no inappropriate sharing of data. However, it’s extremely valuable to our members to be able to identify their opportunities through this type of tool. If members have inadvertently signed away their ability to submit this data through supplier confidentiality clauses, that opportunity disappears. What can and should GPOs like Premier do about these clauses? We have been working to educate our members on this issue. It is in their best interest not to sign these clauses. What are some of the biggest challenges GPOs like Premier face and some of the biggest misconceptions
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