Groups — the B2B of Healthcare
The completely independent town doctor has virtually disappeared. Providers function in groups, pooling resources to expand their patient base and provide more comprehensive care. In addition to health systems, you will need to know your acronyms — IDNs, GPOs, CINs, ACOs and IPAs.
Integrated Delivery Networks (IDNs)
IDNs are formally coordinated hospital systems that provide a full spectrum of healthcare, from health insurance plans to primary, long-term, specialty and acute medical care.
Group Purchasing Organizations (GPOs)
GPOs are groups of individual businesses with similar supply needs that benefit from volume discounts through bulk purchasing from vendors. Many health systems purchase everything from consumables to HR benefit packages from GPOs.
Clinically Integrated Networks (CINs)
CINs are formally arranged networks of independent physicians and hospitals that collectively negotiate payment rates and other financial incentives with insurers or the government by improving care delivery and reducing costs.
Accountable Care Organizations (ACOs)
ACOs are voluntary groups of healthcare providers ranging from doctors to hospitals who share in savings they receive through coordinating and improving care for Medicare patients.
Independent Practice (or Physician) Associations (IPAs)
IPAs are business entities comprised of independent physician practices that collaborate for large-scale contracts, to negotiate fees, and invest in technologies or improvements.