MediGroup Members for the First Time Exceeds $2 Billion in 2011 Purchases

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Founded in 1999 by physicians and medical supply logistics experts, MediGroup Physician Services is now the nation's largest group purchasing organization for the non-acute health care market. MediGroup members are directly responsible for over $2 billion in annual U.S. health care purchases.

The Nation's Largest Group Purchasing Organization for Physicians

MediGroup Physician Services reports its members spent over $2 billion dollars in 2011, making MediGroup the largest group purchasing organization in the country focusing on the alternate site.

The alternate site consists of independent physicians, health clinics, surgery centers, and nursing homes. Since its inception, MediGroup has consistently been recognized as one of the most progressive group purchasing organizations in the nation. Andrew Klearman, CEO of MediGroup, notes that no other group purchasing organization has been able to successfully aggregate the multiple disparate physicians, clinics and non-acute health care facilities.

Mr. Klearman attributes the success and continued growth of MediGroup to its unique business model whereby MediGroup is able to simultaneously negotiate both optimal savings for its members and profit for its vendors.

He reports that, since its inception in 1999, MediGroup has been responsible for redefining the way group purchasing organizations operate. Unlike other group purchasing organizations, MediGroup's sole focus is on the health care market. With over 15,000 member facilities and 200,000 participating individuals, MediGroup has the strength to negotiate significant savings on medical supplies, pharmaceuticals and other products and services used by its members.  

MediGroup members enjoy the same discounts usually reserved for volume purchasers, such as large hospital groups. And MediGroup’s unique management structure enables practices to access these savings without the reams of paperwork required by other organizations.

Mr. Klearman reports that 2012 will be a banner year for MediGroup as the company unveils its new strategic initiatives to enhance health care through innovative practice management tools (e.g. The Patient Approved® System, Pagoda Medical, MediGroup Media) and affordable insurance for health care professionals (e.g. MediGroup Physician Insurance).

FOR INFORMATION

MediGroup Physician Services
1360 South 5th Street, Suite 334
St. Charles, Missouri 63301
866-633-4768
http://www.MediGroup.com
info(at)medigroup(dot)com

BACKGROUND

Founded in 1999 by physicians and medical supply logistics experts, MediGroup Physician Services has grown to become the nation's largest group purchasing organization for the non-acute health care market. The MediGroup medical supply and pharmaceutical contract portfolio is the most competitive in the healthcare industry.  And, with over 1,200 of the nation's top health care vendors included on contract, MediGroup provides comprehensive savings for its members.

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Adam Summers
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