Better Pharma Solutions for Post-Acute & Long-Term Care
Leverage our vendor partnerships to contain costs and enhance outcomes. We can help you improve quality while saving money on pharmaceutical expenses. With Prime Source on your side, you can make medical pricing issues a thing of the past.
Pharmacy expenses are a major concern for many facilities. But they don’t have to be. Choose the right purchasing partner and realize immediate savings. Improve the well-being of your business and resident population simultaneously. Minimize the impact of pharma costs on your bottom line. Create a healthier, more sustainable business. It doesn’t have to be complicated. Just leave the dirty work to us.
Get better pricing from your favorite suppliers or uncover untapped opportunities with new ones. Use our industry insights and business intelligence to make decisions that facilitate long-term success. More than just a GPO, we are in the fight with you.
Your Purchasing & Expense Experts
We help post-acute care, long term care, assisted living, and other healthcare facilities make better purchasing decisions. Save money and increase operational efficiency. That’s what we can “GPO, reimagined.”
It all starts with a deep dive into your needs. We analyze your current pharmaceutical program expenses to identify where you may be overspending and underperforming.
Joining our network gives you access to a variety of contracts with many industry-leading suppliers at reduced rates. Combine your buying power and save.
By comparing your systems with our industry benchmarks, we're able to help you lower costs, improve operations, and even find opportunities for additional revenue.
Frequently Asked Questions
What Is a GPO & How Does It Work?
A group purchasing organization (GPO) is an entity that helps other businesses save money on supplies and services by aggregating buying power. GPOs are able to use the combined purchasing volume of the companies they represent to negotiate discounts with their vendors.
How Do GPOs Reduce Pharmacy Costs?
GPOs give you the benefits of buying in bulk without actually buying in bulk. By adding your purchasing volume to that of similar facilities, you gain access to the near-wholesale rates that are usually reserved for the largest buyers. Additionally, they eliminate the hassles of negotiation.
How Much Can You Save on Pharmacy Costs?
We’ve saved organizations like yours as much as 30% on their pharmacy-related expenses. How much you will save depends on how large your individual purchasing volume is and how many others are buying the same things. The more common, the more we can save you.
How Do You know You Are Getting the Best Deal?
GPOs generally increase transparency. Moreover, they set a baseline rate that you can use to negotiate your own deal with vendors. When working with Prime Source, you get the added advantage of multiple supply networks and a partner equipped to help you navigate the marketplace.
What Can Our Industry Insights Do For You?
At Prime Source, we’re specifically designed to help long term care, post-acute care, and skilled nursing facilities improve business outcomes. By sharing our strategic business intelligence we help you stay on the cutting edge of the industry and avoid pitfalls that can lead to business failure.
Why Choose Prime Source Healthcare Solutions?
Prime Source is the only organization of its type, driving innovation for post-acute and long term care facilities. Not only do we help you navigate optimal purchasing strategies, we also offer consulting on industry best practices and expense management. In short, we’re strategic partners.
The Prime Source Advantage
We are more than just a group purchasing organization. Not only do we help you optimize buying decisions, our solutions help facilities like yours improve operations and eliminate inefficiencies. This goes beyond your pharmacy program. We work with you to improve many different areas of your business.