Wheaton Franciscan Healthcare, a not-for-profit organization, is one of the largest integrated regional health care delivery systems providing services in Iowa, Illinois and Wisconsin. The system includes ten major hospitals, as well as a comprehensive network of outpatient centers and physician clinics.
In light of spiraling costs of medical-surgical supplies and implants, Wheaton Franciscan Healthcare was determined to reduce its annual spending, identifying any and all savings opportunities across its entire supply chain.
Wheaton Franciscan Healthcare turned to ECRI Institute's PriceGuide™ advisory service to help benchmark, reduce, and leverage its current and proposed supply contracts. PriceGuide analysts reviewed pricing for everything from environmental service supplies to hip and knee joints.
PriceGuide’s data helped the health system negotiate dramatic savings for the fiscal year, including an immediate $400,000 reduction on drug-eluting stents alone.