1.0Glossaryhttps://www.healthbenefitstimes.com/glossaryGlossaryhttps://www.healthbenefitstimes.com/glossary/author/adminglossary/Joint purchasing agreement - Definition of Joint purchasing agreementrich600338<blockquote class="wp-embedded-content" data-secret="UUBHJXGTrV"><a href="https://www.healthbenefitstimes.com/glossary/joint-purchasing-agreement/">Joint purchasing agreement</a></blockquote><iframe sandbox="allow-scripts" security="restricted" src="https://www.healthbenefitstimes.com/glossary/joint-purchasing-agreement/embed/#?secret=UUBHJXGTrV" width="600" height="338" title="“Joint purchasing agreement” — Glossary" data-secret="UUBHJXGTrV" frameborder="0" marginwidth="0" marginheight="0" scrolling="no" class="wp-embedded-content"></iframe><script>
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A formal agreement among two or more health facilities or programs to purchase professional services, equipment or supplies. The agreements simplify purchasing or result in economies of scale intended to lower costs to the programs. The purchased services or supplies may be shared or simply distributed among the programs.