IRVING, Texas, June 24, 2021 — Health Plan Alliance (Alliance), a national organization for provider-sponsored health plan collaboration, today announced that it made a significant investment in GPO HEALTH, a company focused on optimizing procurement processes and reducing the cost of Healthcare IT Services. The investment will support the expansion of GPO HEALTH’s Sourcing Data Transparency Platform, which is already demonstrating savings for its clients.
“We are firm believers in the GPO HEALTH model. It brings a number of offerings that were missing for our members. Our investment in GPO HEALTH will help our members streamline the procurement process and fill several critical needs in IT Services by identifying overpayment and gaps in processes while offering a credible basis for engaging their service providers to establish more reasonable market-based rates. Additionally, our members have access to discounts through collective purchasing of technical services—one of the most complex buying environments that exists. Regional plans are particularly focused on allocating as much of the premium to patient care as possible. Every dollar on expenses is a dollar that is not invested in the care of their members. This is why we are enthusiastic about this investment,” said Joe Lastinger, Alliance president.
“Having the Alliance as a client and an investor underscores the value we saw from day one in our business model. We look forward to working collaboratively with the Alliance to jointly deliver outcomes that affect the industry ultimately improving patient care. Our platform, which delivers near real-time insights powered by artificial intelligence and machine learning, has already shown Alliance members that they can save significantly over their current IT Services contracts, representing a large portion of a plan’s annual expenses. We’re honored to have the confidence of the Alliance,” said Jeffrey Heenan-Jalil, Founder & CEO, GPO HEALTH.
The Health Plan Alliance is a national organization that brings provider-sponsored and independently owned health plans together with their health system and provider group leaders for unparalleled peer-to-peer collaboration. For more than 20 years, Health Plan Alliance members have leveraged the collective knowledge of our community to enhance their business acumen and advance the quality of health care delivery in their communities.
Founded in 2020 by industry professionals with over 90 years of combined experience, GPO Health enables clients to release savings and increase quality to improve and save lives by utilizing our Sourcing Data Transparency (SDT) Platform to reduce Healthcare IT Services costs through leveraged buying techniques. GPO HEALTH is a relative newcomer in a market that does not have an established dominant technology player or Group Purchasing Organization focused on IT services. We harvest billions of historical and current sourcing data points from clients, partners and the industry. The SDT Platform applies our proprietary 50+ Artificial Intelligence and Machine Learning algorithms to the data we have collected, delivering distinctive results on a continuous basis and delivering spend insights and recommendations so clients can optimize their procurement processes and IT spend. Our unique approach blends the sourcing and business advisory capabilities of Sourcing Partners with our technology to create new value for clients.
For Information on CEO Jeffrey Heenan-Jalil and the GPO HEALTH team, click here.