Examples of Group purchasing organization in a sentence
The term―group purchasing organization‖ is defined at 21 CFR § 203.3 as follows: § 203.3 Definitions.(o) Group purchasing organization means any entity established, maintained, and operated for the purchase of prescription drugs for distribution exclusively to its members with such membership consisting solely of hospitals and health care entities bound by written contract with the entity.
Discussion of the valuation process and results with the financial controller is held twice a year to coincide with the reporting dates.
To request a Borrowing, the Borrower shall notify the Administrative Agent of such request by telephone (a) in the case of a Eurodollar Borrowing, not later than 2:00 p.m., Eastern time, three Business Days before the date of the proposed Borrowing or (b) in the case of an ABR Borrowing, not later than 9:00 a.m., Eastern time, on the date of the proposed Borrowing.
For the purposes of this chapter, the following terms have the following meanings: (a) "Group purchasing organization" is an entity that as all or part of its business is authorized by member health care service providers to enter into contracts to purchase medical supplies from vendors as the agent of the members.