Navigation Links
Wasting Millions on Purchases Based on Physician Preference White Paper Now Available From ECRI Institute
Date:8/19/2009

White paper outlines how to maintain quality of care while effectively managing costs

PLYMOUTH MEETING, Pa., Aug. 19 /PRNewswire-USNewswire/ -- Physician preference items (PPIs), a term used to describe a range of medical supplies, such as pricey orthopedic implants and cardiovascular devices, are estimated at 60% of a hospital's total supply costs. With operating costs increasing and margins from both operations and pooled investments declining, many hospital executives--once willing to quietly overlook the inefficiencies and costs associated with allowing their medical staff to use whatever products they wanted--are forced to take corrective action.

ECRI Institute (www.ecri.org), an independent nonprofit that researches the best approaches to improving patient care, reveals some of the processes that hospital c-suite administrators can implement to better manage the high cost of PPIs in a just-released white paper, Wasting Millions by Making Illogical Purchases Based Solely on Physician Preference: Not in My Hospital You Don't!(C)

"In order to attain the savings associated with acquisition of physician preference items," advises Anthony Montagnolo, chief operating officer, ECRI Institute, "hospital leaders need to win the cooperation of the physicians through an evidence-based, value-focused process."

The white paper outlines the factors that have contributed to the proliferation of PPI requests, such as allowing device manufacturers inside the surgical suite and recruiting physicians who bring with them very strong preferences for specific vendors and their products. It illustrates the multimillion-dollar impact that physician preference items make to the bottom line and lays out the framework for a PPI management process that is acceptable to all hospital stakeholders.

The white paper, available for free download, draws upon ECRI Institute's 40 years of experience in researching the safety, effectiveness, and cost-effectiveness of health technologies and the comparative effectiveness and health technology assessment work of its staff of healthcare administrators, engineers, clinicians, and scientists.

PriceGuide(TM), ECRI Institute's medical-surgical supply and implant procurement service, benchmarks prices paid for single-use consumables--including PPIs--against prices paid by other institutions. The medical-surgical supply database helps hospitals identify areas of immediate savings to make well-informed healthcare supply decisions.

Download the complimentary white paper, Wasting Millions by Making Illogical Purchases Based Solely on Physician Preference: Not in My Hospital You Don't! from ECRI Institute's Web site at https://www.ecri.org/PPI.

For more information about ECRI Institute's PriceGuide advisory service, visit https://www.ecri.org/priceguide. Or contact ECRI Institute by mail at 5200 Butler Pike, Plymouth Meeting, PA 19462-1298, USA; by telephone at (610) 825-6000, ext. 5118; by e-mail at priceguide@ecri.org, or by fax at (610) 834-1275.

About ECRI Institute

ECRI Institute, a nonprofit organization, dedicates itself to bringing the discipline of applied scientific research to healthcare to discover which medical procedures, devices, drugs, and processes are best to enable improved patient care. As pioneers in this science for 40 years, ECRI Institute marries experience and independence with the objectivity of evidence-based research. ECRI Institute is designated a Collaborating Center of the World Health Organization and an Evidence-based Practice by the U.S. Agency for Healthcare Research and Quality. ECRI Institute PSO is listed as a federally certified Patient Safety Organization by the U.S. Department of Health and Human Resources. For more information, visit https://www.ecri.org.


'/>"/>
SOURCE ECRI Institute
Copyright©2009 PR Newswire.
All rights reserved

Related medicine news :

1. Innappropriate drug prescriptions wasting millions, raising health risks
2. The Audacity of Hype: Wasting Taxpayer Lives and Taxpayer Dollars
3. Deer Farm Industry in Michigan Issues Statement on the Recent Chronic Wasting Disease Case Identified on a Kent County Deer Farm
4. Research shows promise for potential new gene therapy strategy for muscle-wasting diseases
5. Fighting diseases of aging by wasting energy
6. Turners Utilization of BIM and Lean Construction on Middle Tennessee Medical Center in Murfreesboro, Tenn. to Save Project Millions of Dollars
7. 20/20 Tackles Taboo Health Issue Affecting Millions of Women
8. Millions Of U.S. Children Low In Vitamin D
9. Millions of Pennsylvanians Could Lose Private Insurance, Study Shows
10. Millions of Virginians Could Lose Private Insurance, Study Shows
11. Millions in U.S. Cant Afford Health Insurance
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:3/1/2017)... ... March 01, 2017 , ... Award-winning medical group Allied Anesthesia today announced that, ... underdeveloped nations, averaging more than one trip per year since 1998. Char was named ... features the details of his charitable work. Char has been an Allied Anesthesiologist ...
(Date:3/1/2017)... ... March 01, 2017 , ... ... increase colorectal cancer screening rates by supporting the 80% by 2018 initiative, led ... (CDC) and the National Colorectal Cancer Roundtable (an organization co-founded by ACS and ...
(Date:3/1/2017)... Greenwich, CT (PRWEB) , ... March 01, 2017 , ... ... in the winter months when people don’t want to stop training to brave the ... and setting the treadmill to a small incline can help protect these vulnerable joints, ...
(Date:3/1/2017)... ... ... is Comfort for the Soul”: a loving account of a very special dog, the ... soul-healing comfort provided by God’s presence in the face of deep sorrow. “There is ... dog-loving medical professional whose work takes her to remote areas in the American Northwest, ...
(Date:3/1/2017)... ... March 01, 2017 , ... ... in the lives of those who hear His voice. “Cleansing Thoughts; Glimpses from ... Christian bookstore proprietor who enjoys boating, gardening and crocheting baby items to donate ...
Breaking Medicine News(10 mins):
(Date:3/1/2017)... -- The Board of Directors of J M Smith Corporation ... new CEO and Chairman of the Board, effective March ... CEO William R. Cobb .  Turfe was selected ... a wealth of experience in the life sciences, medical ... a pool of incredibly qualified candidates, Alan demonstrated the ...
(Date:3/1/2017)... 1, 2017 Lo stesso sistema sara, visibile nello stand ... Paramed Medical Systems sta installando la settima unità MROpen in Gran ... nuovo centro dell,European Scanning Center (ESC) a Cardiff. ESC attualmente gestisce altri due ... Continue Reading ... ...
(Date:2/28/2017)... Prefilled Syringes Market: Scope and Segmentation ... This report provides a forecast and analysis of ... regional levels. It provides historical data of 2015 ... terms of revenue (US$ Mn) and volume (Bn ... with an outlook on prefilled syringes consumption globally. ...
Breaking Medicine Technology: