MGMA Business Solutions: Unlock significant member savings with MGMA Best Price

In the latest episode of the MGMA Business Solutions Podcast, host Daniel Williams sits down with Frank Herrington, Senior Director of Sales at MGMA Best Price, to discuss how MGMA members can leverage the power of group purchasing to reduce costs and improve operational efficiency. MGMA Best Price, the exclusive group purchasing organization (GPO) for MGMA members, provides access to discounted pricing on a wide range of essential products and services, helping medical practices of all sizes save thousands of dollars each year.

Leveraging the Collective Buying Power of MGMA Members

MGMA Best Price is a free, no-risk program that taps into the collective buying power of MGMA members to negotiate lower pricing with vendors. As Herrington explains, "MGMA Best Price provides contract pricing for medical, pharmaceutical, surgical equipment, office supplies, IT products, travel services, shipping, shredding, and more. It helps organizations reduce costs and improve operational efficiency."

Benefiting Medical Practices of All Sizes

The benefits of MGMA Best Price extend to medical practices of all sizes, from small independent providers to large multi-specialty groups. Herrington highlights, "Whether you're a small community provider or part of a larger group like an ambulatory surgery center or an LTCH, a GPO enhances a lot of the operational efficiencies of either one of those organizations, helping to reduce costs and improve efficiency."

Significant Savings Opportunities

MGMA Best Price has a proven track record of delivering significant savings for its members. According to Herrington, MGMA Best Price saved its members over $14 million in 2024. By joining MGMA Best Price, medical practices can save up to 20% on essential products and services.

"The best part about this program is that the practice doesn't need to change the distribution representative that they work with, and they don't have to change their ordering process," Herrington emphasizes. "Through our implementation and onboarding process, we work with practices to ensure they're accessing the lower price from the very beginning."

Dedicated Customer Support

MGMA Best Price provides personalized customer support to ensure a seamless onboarding experience for members. Herrington advises those on the fence about joining MGMA Best Price to contact one of the representatives for a cost study analysis. "We will look at the supplies and services that they're currently purchasing, and we will add in the MGMA Best Price contracted pricing to that,” he explains. “We'll turn around, we'll perform that analysis, and provide a summary savings to the prospective member, and then they can make a decision about what's best for their practice or organization."

Joining MGMA Best Price

To get started, MGMA members can visit MGMABestPrice.org or call 844-234-6462.