Millions May Be Overspent on Purchases Based on Physician Preference

To get savings associated with the management of the acquisition of physician preference items supplies and capital equipment, ECRI suggested, hospitals should consider methodologies that are:

• Process driven, or using a formal process for the review and approval of all prospective purchases, including those physician preference items


• Evidence based, or making decisions using data provided by an evidence based review of alternatives by an objective party


• Value focused, or making decisions based on the measurable value they return to the organization—as opposed to their acquisition costs