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J Orthop Trauma ; 30 Suppl 5: S37-S39, 2016 Dec.
Article in English | MEDLINE | ID: mdl-27870673

ABSTRACT

Implant costs comprise the largest proportion of operating room supply costs for orthopedic trauma care. Over the years, hospitals have devised several methods of controlling these costs with the help of physicians. With increasing economic pressure, these negotiations have a tremendous ability to decrease the cost of trauma care. In the past, physicians have taken no responsibility for implant pricing which has made cost control difficult. The reasons have been multifactorial. However, industry surgeon consulting fees, research support, and surgeon comfort with certain implant systems have played a large role in slowing adoption of cost-control measures. With the advent of physician gainsharing and comanagement agreements, physicians now have impetus to change. At our facility, we have used 3 methods for cost containment since 2009: dual vendor, matrix pricing, and sole-source contracting. Each has been increasingly successful, resulting in massive savings for the institution. This article describes the process and benefits of each model.


Subject(s)
Commerce/economics , Contract Services/economics , Cost Control/economics , Economic Competition/economics , Health Care Costs/statistics & numerical data , Orthopedic Equipment/economics , Prostheses and Implants/economics , Commerce/statistics & numerical data , Contract Services/statistics & numerical data , Cost Control/statistics & numerical data , Economic Competition/statistics & numerical data , Models, Economic , Nevada/epidemiology , Orthopedic Equipment/statistics & numerical data , Prostheses and Implants/statistics & numerical data , Utilization Review
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