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New PriceGuide 4.0 from ECRI Institute Helps Hospitals Rein in Supply Costs
Date:9/14/2011

de member healthcare organizations. Hospitals can benchmark current and proposed pricing against the PriceGuide national low, average and high price for a particular item, and quickly identify where there are opportunities to negotiate for savings.

PriceGuide 4.0's interactive graphs and powerful drill-down data sets provide detailed decision support information for supply chain and materials managers, clinical administrators, value analysis teams and C-suite staff. The tool is helpful for garnering group buy-in and sharing costs across hospital departments.

With PriceGuide 4.0, member hospitals can:

  • Customize time periods for which data is being benchmarked
  • Differentiate between "hospital" pricing and "system" pricing
  • Quickly identify top suppliers with the greatest opportunities for savings
  • Analyze their total spend by supplier, manufacturer, department, category, and item
  • Compare proposed supplies and implants based on clinical effectiveness

For more information about PriceGuide 4.0, please contact Tim Browne (610) 825-6000, ext. 5118, or e-mail tbrowne@ecri.org.  To learn more about ECRI Institute, e-mail communications@ecri.org, call (610) 825-6000, or mail to 5200 Butler Pike, Plymouth Meeting, PA 19462-1298 USA.

ECRI Institute (www.ecri.org), 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

SOURCE ECRI Institute
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