Navigation Links
ECRI Institute Reissues Cost-Saving Tips to Help Hospitals Make Capital Technology Purchases With Scarce Resources

PLYMOUTH MEETING, Pa., June 2 /PRNewswire-USNewswire/ -- Faced with rising technology costs and numerous clinical department demands, hospital leaders nationwide are being forced to make tough choices with scarce capital technology dollars. The capital budgeting process can get political—and even downright ugly. How do administrators choose which new technologies are worthwhile, which are wasteful and which existing medical equipment can be reused? Keeping the right balance of new technology purchases and maintaining current systems is critical.

An informative white paper, Spending Scarce Resources on the Wrong Capital Budget Requests: Not In My Hospital! advises hospital administrators on how to make the right capital purchases—and how to find savings they didn't know existed. Re-released today by ECRI Institute (, an independent, nonprofit organization that researches the best approaches to improving patient care, the report is available for free download at

According to the report, in order to make the most of tight capital funds, administrators should start by ensuring they have a complete picture of all capital purchase requests hospital-wide, along with objective, accurate pricing data. In compiling this list, administrators may find that certain items have different names depending on which department uses them, but are actually similar.

"When administrators have a clear picture of what is being requested across the organization, they can determine if items are similar and look for opportunities for bundling and 'group buys' across departments and facilities," says Jennifer Myers, Vice President, SELECT Health Technology Services, ECRI Institute.

Tips on normalizing, or "cleaning" data to identify these discrepancies among departments, are provided in the report.

Once requests and accurate costs are determined, administrators should weigh how requested items will improve patient safety, clinical care and operations. "This means asking the difficult questions about each potential purchase," says Thomas Skorup, ECRI Institute's Vice President of Applied Solutions.

"Determining if the item to be purchased is truly more clinically effective than existing technology, and whether it will have a return on investment, can be difficult—and controversial," says Skorup.

Step-by-step "best practices" for capital budgeting are also outlined in the report. Once all the details are compiled, the hard work can begin: determining necessary technology versus nice-to-have technology.

A complimentary copy of Spending Scarce Resources on the Wrong Capital Budget Requests: Not In My Hospital! is available for download on ECRI Institute's Web site at    

ECRI Institute's SELECTplus™ membership offers complete medical equipment benchmarking and advisory services. The Applied Solutions Group offers consulting services for technology assessment and strategic technology planning.

For more information, contact ECRI Institute by mail at 5200 Butler Pike, Plymouth Meeting, PA 19462-1298, USA; by telephone at (610) 825-6000, ext. 5891; by e-mail at; or by fax at (610) 834-1275.

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 more than 40 years, ECRI Institute marries experience and independence with the objectivity of evidence-based research. Strict conflict-of-interest guidelines ensure objectivity. ECRI Institute is designated a Collaborating Center of the World Health Organization and an Evidence-based Practice Center by the U.S. Agency for Healthcare Research and Quality. ECRI Institute PSO, listed as a federally certified Patient Safety Organization by the U.S. Department of Health and Human Services, strives to achieve the highest levels of safety and quality in healthcare by collecting and analyzing patient safety information and sharing lessons learned and best practices.

Copyright©2010 PR Newswire.
All rights reserved

Related medicine technology :

1. Sarasotas Roskamp Institute Releases Study Defining a Mechanism for Development of Obesity and the Metabolic Syndrome, Forerunners of Type 2 Diabetes
2. Sports Legacy Institute Announces Findings of Forensic Examinations on Wrestler Chris Benoits Brain
3. Diabetes Research Institute Invention Promotes Growth of Stem Cells into Insulin-Producing Cells
4. Spine Institute of Louisiana Offers Cervical Spine Motion Preservation as an Alternative to Fusion Surgery
5. Trana Discovery and Southern Research Institute Announce the First RNA-RNA High Throughput Drug Screening Assay Platform for HIV Antivirals
6. Video: The Arizona Heart Institute Announces the Largest Worldwide Experience with Endoluminal Grafting to Treat Thoracic Aortic Aneurysms and Related Pathologies
7. Virogenomics, Inc. Awarded $2 Million National Institute of Standards and Technology (NIST) Advanced Technology Program Grant to Develop Integrated Diagnostic Biosensors
8. The Leukemia & Lymphoma Society and Cleveland Clinic Taussig Cancer Institute Announce Groundbreaking Partnership to Accelerate Drug Approvals
9. American Meat Institute Calls WCRF Panel Recommendations on Meat Consumption Extreme and Unfounded
10. SAIC Awarded Malaria Vaccine Production Support Contract Extension by the National Institute of Allergy and Infectious Diseases
11. American Legion Anticipates Institute of Medicine Report on Gulf War Veterans
Post Your Comments:
(Date:11/26/2015)... 26, 2015 ... "2016 Future Horizons and Growth Strategies ... Market: Supplier Shares, Country Segment Forecasts, Competitive ... offering. --> ) has ... Future Horizons and Growth Strategies in the ...
(Date:11/26/2015)... 26, 2015 ... of the  "2016 Future Horizons and ... Drug Monitoring (TDM) Market: Supplier Shares, ... Opportunities"  report to their offering.  ... the addition of the  "2016 Future ...
(Date:11/26/2015)... -- Research and Markets ( ) has ... Horizons and Growth Strategies in the Italian Therapeutic ... Forecasts, Competitive Intelligence, Emerging Opportunities" report to ... --> This new 247-page report provides ... monitoring market, including emerging tests, technologies, instrumentation, sales ...
Breaking Medicine Technology:
(Date:11/25/2015)... (PRWEB) , ... November 25, 2015 , ... ... offering factory direct sauna parts and accessories. , Sauna accessories help improve ... the bather’s style and personality. From basic styles for the purist looking for ...
(Date:11/25/2015)... (PRWEB) , ... November 25, 2015 , ... For the ... companies’ “ Two Organizations, One Beat ” campaign. The partnership between the two groups ... to aid in MAP International’s cause. , MAP International was founded in 1954 and ...
(Date:11/25/2015)... ... 2015 , ... On November 25, 2015, officials of Narconon Arrowhead , ... release of a new cutting edge recovery program that has been 50 years in ... and alcohol-addicted individuals with the purpose to free addicts from the symptoms and negative ...
(Date:11/25/2015)... ... November 25, 2015 , ... Smiles by Stevens is ... and moderate facial wrinkling. While many patients are aware of the benefits of Botox® ... Botox® delivers to those suffering with discomfort, soreness, and pain as a result of ...
(Date:11/25/2015)... ... ... In an ongoing Clinical Study conducted by an independent physician, Andrew Gostine, MD, ... the efficacy of its product and its disinfection protocol. This study is taking place ... through October 2015 at a 360-bed, acute-care, academic medical center located in Chicago, Illinois. ...
Breaking Medicine News(10 mins):