No, we are neither. We have partnered with a GPO to help manage our contract portfolio and national distributors. We are an aggregated buying group and negotiate prices based off our customers’ spending. This allows us to commit to higher contract tiers and greater volumes, giving us the ability to offer a lower price “floor” (this is the price we’ve negotiated with the GPO and manufacturer; since we can commit to a high volume, our price floor is lower than what most companies can get on their own) and price “ceiling” (this is another negotiated contract that regulates the amount distributors can charge and change the cost of the products; without this, the pricing on a product is subject to fluctuations) than what practices are able to achieve independently.
Is Pipeline Medical a GPO or distributor?