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The 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 PriceGuide™ and SELECTplus™ supply and capital procurement advisory services.

 
​FROM THE ANALYSTS’ CORNER
Insights and trends on currently posted prices
  • The average cost of Electric Beds (currently $15,627) is 45% higher than the average cost in February 2014 because of relatively increased member interest in ICU beds which average between $25,000 and $30,000. For the current time period, ICU beds accounted for 40% of all interest in electric beds compared to around 20% at this time last year.

  • The average cost of Digital Mammography systems (currently $415,075) is 23% higher than the average cost at this time last year because of rising member interest in 3D systems. Last year 3D systems accounted for less than 50% of all interest in digital mammography compared to 70% for this period. The average cost of 3D systems is around $500,000 or twice the average cost for 2D systems.


 From our Supply Chain Award Winner

  • ​ECRI Institute has provided Banner Health with the resources and tools that enable us to leverage the healthcare marketplace data in terms of equipment costs, supply expense, and technology assessment.

    Doug Bowen, Vice President, Supply Chain Service, Banner Health
 

Questions?

For more information about ECRI Institute's supply chain services, call (610) 825-6000, ext. 5889 or e-mail select@ecri.org.

 

Disclaimer 

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.