2022 Stronger - P125 - Physician Preference Partnership Achieves Open Market Approach - On Demand
Our orthopedic cost initiative set a price limit for hip and knee implant spend based on clinical database comparisons and validated by a secondary database. By collaborating with our orthopedic surgeons on price point and determination of like-for-like implants across vendor lines, we were able to allow any vendor that met the price point to be used at our organization. We went from one vendor having 97% market share to an open market approach. We’re currently using four vendors with a recognized annual savings of $1.06 million.
- Healthcare Executives
- Other Healthcare Professionals
Describe how to utilize database information for spend comparison and to identify potential savings.
Discuss methods to achieve physician buy-in for savings projects by demonstrating data that accurately reflects the current state of spend and projected savings.
Demonstrate the ability to maintain partnerships while driving down costs.
Angie Gamber, MBA, BSN, RN, Vice President, Clinical Operations, Stormont Vail Health, Topeka, KS
Kirt Leyda, MBA, Director, Supply Chain Management, Stormont Vail Health, Topeka, KS
William Sachs, MD, MBA, Vice President, Surgical Services, Stormont Vail Health, Topeka, KS
Interprofessional Continuing Education (IPCE)
This activity was planned by, and for, the healthcare team, and learners will receive 0.5 Interprofessional Continuing Education (IPCE) credits for learning and change.
Vizient, Inc. designates this enduring material for a maximum of 0.50 ANCC contacts hours.
Vizient, Inc. designates this enduring material for a maximum of 0.50 AMA PRA Category 1 Credit(s)™. Physicians should claim only the credit commensurate with the extent of their participation in the activity.
Healthcare Executives (ACHE)
By attending the 2022 Connections Summit offered by Vizient, Inc. participants may earn up to 0.50 ACHE Qualified Education Hours toward initial certification or recertification of the Fellow of the American College of Healthcare Executives (FACHE) designation.
Participants in this program who wish to have it considered for ACHE Qualified Education hours should list their attendance when they apply to the American College of Healthcare Executives for advancement or recertification. Participants are responsible for maintaining a record of their ACHE Qualified Education hours. To self-report, participants should log into their MyACHE account and select ACHE Qualified Education Credit.
Other Healthcare Professionals (General CE Credit)
Vizient, Inc. will award a maximum of 0.50 contact hours to all other healthcare professionals who successfully complete the activity. These individuals will receive a Certificate of Participation indicating the maximum credits available.
Many state licensing boards and credentialing bodies accept certificates of participation from accredited CE activities to meet CE requirements for license renewals and re-certification. It is the responsibility of the participant to contact their state licensing board and/or certifying body for verification on credit eligibility reciprocity.
- 0.50 ACHE
- 0.50 AMA PRA Category 1 Credit™
- 0.50 ANCC
- 0.50 General CEU – Attendance
- 0.50 Joint Accreditation