A system of purchasing in which the hospital establishes a relationship with a single wholesaler in order to obtain more competitive pricing is

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Prime vendor purchasing is a system of purchasing in which the hospital establishes a relationship with a single wholesaler in order to obtain more competitive pricing. Group purchasing organization (GPO) is a similar system but involves multiple vendors instead of just one. Wholesaler purchasing and direct purchasing do not involve a specific system of purchasing and are not necessarily focused on obtaining more competitive pricing.

A System of Purchasing in Which the Hospital Establishes a Relationship