GLOSSARY

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G

Term Definition
Gainsharing

When hospitals negotiate reduced prices with certain manufacturers in exchange for increased volume.

GCP (Good Clinical Practice)

Good Clinical Practice; guidelines from the FDA that outline specific standards for holding clinical trials.

GLP (Good Laboratory Practice)

Good Laboratory Practice; a system of management controls for laboratories that assures consistent and reliable results.

GMP (Good Manufacturing Practice)

Good Manufacturing Practice; formerly used by the FDA to promote quality; replaced by Quality Systems Regulation (QSR).

GPO (Global Purchasing Organization)

Global Purchasing Organization; An organization that brings together multiple hospital groups, large clinics, and medical practices into buying cooperatives.

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