$4.1 million decrease in supply chain costs through improved supplier selection

Healthcare Organization Case Study

Home/Hospital Case Studies/Case Study: Supply Chain Transparency

Abstract

Orthopedic implants are among the most expensive devices used in hospitals today. Limited transparency about costs and utility directly impacts profitability for the hospital.

Recent Posts

  • A screenshot of the Lancet paper discussing hydroxychloroquine and COVID-19

Follow up on our Lancet paper

May 25th, 2020|0 Comments

Follow up on our Lancet paper Hydroxychloroquine or chloroquine with or without a macrolide for treatment of COVID-19: a multinational registry analysis We, at Surgisphere, appreciate the enthusiasm [...]

Solution

Surgisphere worked with one of the largest orthopedic surgery groups in the country to develop benchmarks on total cost of care around various orthopedic procedures. Transparency in supply chain procurement and utilization changed supplier utilization and led to significant cost savings through higher value care.

Impact

Predictive modeling and insight into one-year cost of care led to preferred business with two orthopedic implant suppliers, allowing improved volume pricing and reduction in use of other supplies. This had a $4.1 million impact in supply chain costs in 2019.

$0
Million Decrease in Supply Chain Costs

Commitment

Improved cost accounting and integration of clinical and financial data is now being implemented for the vascular service line, with estimated savings calculated at $2.8 million for FY 2020.

Events

Midwestern Vascular Surgical Society

September 10 @ 8:00 am - September 12 @ 5:00 pm

Data Acquisition
Data Warehousing
Data Analytics
Data Reporting

Related Posts

Get started with our industry leading solutions today

Looking for help? Get in touch with us

By |2020-03-22T03:25:50-05:00December 15th, 2019|Hospital Case Studies|0 Comments

About the Author: