CM14D4-Evaluating the Total Cost of Health Care
In response to tremendous cost pressures, health care providers have pursued significant savings initiatives including operational efficiencies, staffing reductions, and supply chain efficiencies, including rationalization and reduction in price points. For many medical products, there are submerged costs that are not always reflected in the price and may not currently be considered during procurement decisions. Providing a framework that brings these submerged costs to the surface during the procurement process could have a significant impact on reducing the total cost of delivering quality health care. To address this gap, a collaborative effort between Practice Greenhealth, GPOs, hospitals, and suppliers is developing a standardized framework to identify submerged costs during acquisition, use, maintenance, and end of life of medical products. We will jointly present the collaborative approach, discuss findings and recommendations, and discuss potential barriers to adoption of this framework.
Erol Odabasi, Director of Sustainability, Johnson & Johnson's Medical Device & Diagnostics sector | Steven Bergstrom, Director of Sustainability, Intermountain Health Care | Libby Bernick, PE , LEED AP, BD +C, Senior Vice President, North America, Trucost | Beth Eckl, Director, Environmental Purchasing Program, Practice Greenhealth
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