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.

Target Audience

  • Healthcare Executives
  • Nurses
  • Physicians
  • Other Healthcare Professionals

Learning Objectives

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.

Additional Information

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Course summary
Available credit: 
  • 0.50 ACHE
  • 0.50 AMA PRA Category 1 Credit™
  • 0.50 ANCC
  • 0.50 General CEU – Attendance
  • 0.50 Joint Accreditation
Course opens: 
09/14/2022
Course expires: 
09/21/2023

Faculty

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

Disclosure

As an accredited provider of continuing education, Vizient, Inc. is dedicated to ensuring this activity presents learners with only accurate, balanced, scientifically justified recommendations, and is free from promotion, marketing, and commercial bias. In accordance with The Standards for Integrity and Independence in Accredited Continuing Education, all planners, faculty, and others in control of the educational content have disclosed the absence or existence of all financial relationships (of any dollar amount) with ineligible companies within the past 24 months.
 
Ineligible companies – those companies whose primary business is producing, marketing, selling, re-selling, or distributing healthcare products used by or on patients.
 
It is Vizient’s policy that owners and employees of ineligible companies, and any individuals who refuse to disclose the absence or existence of financial relationships with any ineligible companies are disqualified from participating as planners or faculty.
 
FDA Off-Label Use
 
Faculty presenters are also expected to disclose any discussion of (1) off-label or investigational uses of FDA approved commercial products or devices or (2) products or devices not yet approved in the United States.
Disclosure Statements
 
Absence of Relevant Financial Relationships
 
None of the planners, faculty, or others in a position to control content for this educational activity have relevant financial relationship(s) to disclose with ineligible companies whose primary business is producing, marketing, selling, re-selling, or distributing healthcare products used by or on patients.

Accreditation Statement

In support of improving patient care, Vizient, Inc. is jointly accredited by the Accreditation Council for Continuing Medical Education (ACCME), the Accreditation Council for Pharmacy Education (ACPE), and the American Nurses Credentialing Center (ANCC) to provide continuing education for the healthcare team.
 
 

Credit Types

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.

 

Nurses (CNE)

Vizient, Inc. designates this enduring material for a maximum of 0.50 ANCC contacts hours.

Physicians (CME)

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.

 

Available Credit

  • 0.50 ACHE
  • 0.50 AMA PRA Category 1 Credit™
  • 0.50 ANCC
  • 0.50 General CEU – Attendance
  • 0.50 Joint Accreditation
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