Onesta Partners are proud to announce its partnership with Young Living. Young Living is the global industry leader in therapeutic-grade essential oils. Essential oils are aromatic, concentrated plant extracts that are carefully obtained through steam distillation, cold pressing, or resin tapping. Young Living offers essential oils, blends, and oil-infused products with the optimal levels of specific, naturally occurring essential oil constituents to maximize their potency. Together, Onesta and Young Living are taking gold-standard, natural health solutions to over 120,000 medical facilities.

Group purchasing organizations, consortia, co-ops, collectives, purchasing alliances, leveraged buying/purchasing/procurement groups – these are all terms that tend to be used interchangeably to refer to an arrangement where two or more organizations band together and combine their individual purchasing power in procuring goods or services. Theoretically, this aggregated purchasing power would lead to discounted prices and more favorable terms and conditions.

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In the United States, a group purchasing organization (GPO) is an entity that is created to leverage the purchasing power of a group of businesses to obtain discounts from vendors based on the collective buying power^[1] of the GPO members.

Many GPOs are funded by administrative fees that are paid by the vendors that GPOs oversee. Some GPOs are funded by fees paid by the buying members. Some GPOs are funded by a combination of both of these methods. These fees can be set as a percentage of the purchase or set as an annual flat rate. Some GPOs set mandatory participation levels for their members, while others are completely voluntary. Members participate based on their purchasing needs and their level of confidence in what should be competitive pricing negotiated by their GPOs.

Group purchasing is used in many industries to purchase raw materials and supplies, but it is common practice in the grocery industry, health care, electronics, industrial manufacturing and agricultural industries. In recent years, group purchasing has begun to take root in the nonprofit community. Group purchasing amongst nonprofits is still relatively new, but is quickly becoming common place as nonprofits aim to find ways to reduce overhead expenses. In the healthcare field, GPOs have most commonly been accessed by acute-care organizations, but non-profit Community Clinics and Health Centers throughout the U.S. have also been engaging in group purchasing.

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Truth: GPO participation may be higher than many realize. While some might think that participation in a GPO is solely limited to healthcare industries, research estimates that 15%–20% of Fortune 1000 companies take part in some kind of group purchasing relationship, with the majority seeing savings of 10% or more.

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"The established distribution funnel for medical devices is profoundly broken, and is especially challenging for new product entrants where distribution includes digital device distribution in addition to or instead of physical distribution. Distribution hurdles are both broad and high..."

Onesta leverages our existing relationships with GPOs and distributors to build bridges over the traditional barriers to entry facing new bio technology products and services.

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