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
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 May 2016
The average cost of
stretchers (currently $8,067) is up 20% compared to this time last year. This is due to growing interest in models that have electric lifts which typically cost around $9,000 to $12,000 each, or models with motorized drives which typically cost around $12,000 to $15,000 each.
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
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.