Final answer:
Medical cooperatives are groups of physicians who order supplies together to obtain a quantity discount. By joining forces, physicians can leverage their collective purchasing volume to negotiate better deals with suppliers, lower costs, and increase their profit margins. Purchasing alliances is another term for these groups of physicians.
Step-by-step explanation:
Medical cooperatives are groups of physicians who order supplies together to obtain a quantity discount. By pooling their purchasing power, physicians in medical cooperatives can negotiate lower prices with suppliers. This allows them to benefit from bulk procurement and obtain cost savings.
Medical cooperatives enable physicians to access a larger market share, which provides them with greater bargaining power. By joining forces, physicians can leverage their collective purchasing volume to negotiate better deals with suppliers, lower costs, and increase their profit margins.
Purchasing alliances is another term that can be used to refer to groups of physicians who order supplies together to obtain a quantity discount. The collaborative purchasing model is beneficial for both physicians and suppliers, as it allows them to achieve cost savings and efficiency by consolidating their purchasing power.