It's not easy containing costs in the healthcare supply chain. Device pricing may trend downward over time, but the introduction of new models, features, and functionality typically comes at a price—a steep one.
Snapshot of Pricing Trends
Modern Healthcare/ECRI Institute Technology Price Index provides a snapshot of the prices hospitals and other provider organizations are paying for supply and capital items based on price points submitted to ECRI Institute by members of its
SELECTplus® supply and capital procurement advisory services. Each month, we update the data posted on
Modern Healthcare's website and provide some analysis on a few of the technologies.
Tech Insight for August 2016
The average cost of angiography systems (currently $1,524,706) is 21% higher than the cost at this time last year because of relatively more member interest in biplane models which are approximately twice as expensive as single plane models. Biplane models account for 30% of all interest in angiography systems for August 2016 versus August 2015. Furthermore, in this month’s TPI the average cost of biplane systems is $2.2M, up 10% compared to $2.0M from a year ago. The majority of recent biplane angiography systems are configured for neurosurgery and neuroradiology.
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The pricing data included in the Modern Healthcare/ECRI Institute Technology Price Index does not represent all industry data across devices, rather it only represents the data and price points for specific devices submitted to ECRI Institute by its SELECTplus® and PriceGuide™ member hospitals. Any report or data provided should not be construed, interpreted or relied upon as a "complete" representation or aggregation of all industry data for a specific technology. In addition, the pricing data/analysis is an average, based upon one or more data configurations conducted on the ECRI Institute member data and price points. The monthly average prices are calculated using a three month rolling average. These averages are subject to change based upon the date of the report, and the data configurations.