PLYMOUTH MEETING, PA—ECRI Institute, an independent nonprofit, is pleased to announce a formal strategic partnership with LSE Health and Social Care at the London School of Economics and Political Science (LSE).
These two internationally renowned organizations will be collaborating in a project examining medical device pricing across a range of different countries.
Medical devices are estimated to account for some six to seven percent of total health expenditure in the United States and European countries. Yet, little is known about the factors that determine prices and anecdotal evidence suggests that prices of identical devices may vary significantly between individual buyers and countries.
"Reducing costs in the healthcare system is critically important for hospitals and health systems worldwide," says David Watson, PhD, vice president of european operations for ECRI Institute. "We anticipate that our partnership with LSE will yield the kind of research results that are needed to make device pricing more transparent."
For nearly fifty years, ECRI Institute, an independent not-for-profit organization has been dedicated to bringing the discipline of applied scientific research to discover which medical procedures, devices, drugs and processes are best in order to facilitate improvement in patient care.
For more information about this project or ECRI Institute's International Services, call (610) 825-6000, ext. 5279; e-mail email@example.com; or write to us at 5200 Butler Pike, Plymouth Meeting, PA 19462. ECRI’s European office can be contacted at firstname.lastname@example.org; ECRI’s Malaysian office can be contacted at email@example.com; and ECRI’s Middle Eastern office can be contacted at firstname.lastname@example.org.
About ECRI Institute
ECRI Institute (www.ecri.org), a nonprofit organization, dedicates itself to bringing the discipline of applied scientific research to healthcare to discover which medical procedures, devices, drugs, and processes enable improved patient care. As pioneers in this science for nearly 50 years, ECRI Institute marries experience and independence with the objectivity of evidence-based research. Strict conflict-of-interest guidelines ensure objectivity. ECRI Institute is designated an Evidence-based Practice Center by the U.S. Agency for Healthcare Research and Quality. ECRI Institute PSO is listed as a federally certified Patient Safety Organization by the U.S. Department of Health and Human Services. Find ECRI Institute on Facebook (www.facebook.com/ECRIInstitute) and on Twitter (www.twitter.com/ECRI_Institute).
About LSE Health and Social Care
LSE Health and Social Care is a Research Centre at LSE dedicated to the production and dissemination of high quality research and policy analysis in health and social care. Since 2004 alone, the Centre has been awarded some £50 million in research funding and has published over 1,600 peer-review journal papers, books and reports. Through a number of collaborations, researchers at the Centre are frequent expert advisers to policy makers, government bodies and organizations such as the European Commission and the World Health Organization.
For more information, contact:
Laurie Menyo, Director of Public Relations
(610) 825-6000, ext. 5310