 The GPO Industry’s Efforts in Creating a Voluntary Code of Conduct: The Hanson ReportS. Prakash Sethi Chapter Chapter 8 in Group Purchasing Organizations, 2009, pp 93-105 from Palgrave Macmillan Abstract: Abstract On April 7, 2005 the GPO industry announced its voluntary principles or code of conduct called the “Healthcare Group Purchasing Industry Initiative” (hereinafter referred to as the Initiative) or HGPII. The creation of the HGPII was not inspired by the industry’s self-realization of its obligations to the industry’s principal beneficiaries, or to better align industry members’ self-interest with those of their beneficiary clients. This Initiative was the industry response to (a) call for voluntary action by the Senate Judiciary Subcommittee on Antitrust, Competition, Business and Consumer Rights, and (b) to forestall any legislative action for greater governmental oversight and reporting requirements. The industry was also responding to the rising media criticism and regulatory concerns, lawsuits, and federal and state investigations of certain practices that were found to be prevalent among GPOs and their management. These practices were considered to be inconsistent with ethical and professional norms of business conduct in the healthcare industry.1 Keywords: Audit Committee; Parent Company; Ethical Practice; Equity Investment; Private Label (search for similar items in EconPapers) There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-62172-5_9 Ordering information: This item can be ordered from Access Statistics for this chapter More chapters in Palgrave Macmillan Books from Palgrave Macmillan |
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