It's not easy containing costs in the healthcare supply chain. Supply 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
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. 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 November 2015
The average cost of Digital Radiography systems (currently $194,223) is around 19% lower than the cost from last month because of relatively more recent member interest in basic systems that lack additional detectors and advanced imaging features.
The average cost of MRI systems (currently $1,502,315) is down around 10% compared to this time last month because of relatively more recent member interest in 1.5T systems, which typically cost between $1.0 and $1.4 million.
See How Much You Could Be Saving
For more in-depth pricing data and analysis of your pricing spend, call (610) 825-6000, ext. 5889 or e-mail firstname.lastname@example.org.
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.