Consorta Overview

From its inception a decade ago, Consorta has grown into a leader in the group purchasing industry. Consorta’s drive for industry leadership was formed with a clear purpose: to have a positive impact on healthcare purchasing through cost management and quality improvement initiatives.

It’s group purchasing with a difference.

What makes the difference is that throughout the years, Consorta has never lost sight of what’s most important—the success of its members. It’s putting members at the center of everything Consorta does.  It’s listening and understanding their needs. Their goals. Their missions. Approaching each member as unique, with a different set of complex issues, has enabled Consorta to bring more contracting options to its members. By recognizing challenges, anticipating issues, and assessing future outcomes of contracting decisions, Consorta has lived up to its mission of providing its shareholders and members with supplier agreements enabling them to continue delivering high quality, cost-effective care to their patients.

Founded in 1998 as a cooperative, Consorta's members financially benefit from the company’s bottom-line performance.  Members also receive significant discounts through scale purchasing economies.  Consorta has strong committed member involvement with a focus on providing meaningful benefits through resource management and cash returns.  During fiscal year 2007, Consorta members received a total of $107 million in cash returns.  Over the past nine years, Consorta’s continued success has resulted in total cash returns to shareholders and members of more than half a billion dollars.

Consorta adheres to careful expense management program. In 2007, just 24 cents of every revenue dollar to fund operations. That meant for every revenue dollar, 76 cents was returned directly to members.

Consorta works in tandem with members by providing a consultative approach to supply cost management. With sound data and analytics, Consorta members are provided insight into contract value and documented cost savings opportunities.  Having a comparative analysis, members are able to make informed decisions, thereby increasing contract compliance and reducing supply chain costs. Consorta also helps its members identify and build relationships with suppliers who can closely align themselves with the member’s needs.