copyright © 2006 ecri. a nonprofit agency. all rights reserved. improving the safety, quality, and...

Copyright © 2006 ECRI. A NONPROFIT AGENCY. All Rights Reserved.

Improving the safety, quality, andImproving the safety, quality, and

cost-effectiveness of healthcarecost-effectiveness of healthcare


PriceGuidePriceGuide™™

The complete information service for the The complete information service for the procurement procurement of medical-surgical supplies and implants. of medical-surgical supplies and implants. Consists of the Following:Consists of the Following:

PriceGuide Database

Quotation Analysis

Custom Technology Analysis


What can PriceGuide What can PriceGuide do for you?do for you?Members could potentially save between $500,000 and $1,000,000 across all product categories when the membership has been used to its fullest potential. ““PriceGuide provides PriceGuide provides

the necessary the necessary product and pricing product and pricing information to assist information to assist us in benchmarking, us in benchmarking, reducing, and reducing, and leveraging current leveraging current and proposed supply and proposed supply contracts.”contracts.”

-PriceGuide member-PriceGuide member


• PriceGuide automatically compares what you are paying for single-use medical products, including medical-surgical supplies, implants, and consumables, with prices paid by other hospitals.

• You can analyze your pricing by supplier

or product category.

PriceGuide DatabasePriceGuide Database


ECRI’s PriceGuide national low price is the lowest price members have submitted for an item within the past twelve (12) months.

The national average price represents the average of all of the prices members have submitted for an item within the last twelve (12) months.

The average price is calculated by using pricing from two (2) or more member facilities. Usage figures and rebates are not taken into consideration in the calculation of the PriceGuide low and average prices.



PriceGuide DatabasePriceGuide Database ECRI's online database for benchmarking supply costs. • PriceGuide members voluntarily submit copies of their item files to ECRI on a quarterly basis.

• Members are asked to check that the data

submitted is not in violation of any agreements with third-parties.


PriceGuide Database PriceGuide Database Member ReportsMember ReportsAllows members to benchmark existing supply costs against national low and average cost.

•Top 100 Savings - top 100 items with the greatest potential for savings•Suppliers Analysis - top suppliers with the greatest potential for savings•All Suppliers by Savings Analysis - all suppliers listed with potential savings displayed for each•All Items - all items that were cross-referenced from members’ item master files, listed with potential savings displayed for each


Top 100 SavingsPriceGuide Database PriceGuide Database Member ReportsMember Reports


All Suppliers by Savings Analysis

PriceGuide Database PriceGuide Database Member ReportsMember Reports


PriceGuide Database PriceGuide Database National ReportsNational ReportsOnline reports assist members to evaluate proposed pricing and help to identifying the greatest potential for savings.• National Category Analysis – locates alternate suppliers for potential savings

• National Item Details Analysis – displays all pricing that makes up the PriceGuide national low and national average price

• National Supplier Analysis – allows members to evaluate proposed pricing potential for supply purchases


National Category AnalysisPriceGuide Database PriceGuide Database National ReportsNational Reports


National Item DetailsPriceGuide Database PriceGuide Database National ReportsNational Reports

The region from which the price originated, member ID, load date, price, annual usage, and unit of measure are specified for each price received.


National Supplier AnalysisPriceGuide Database PriceGuide Database National ReportsNational Reports


• ECRI standardizes the supplier names, catalog numbers and descriptions for all items it categorizes. •Item descriptions are verified against vendor and manufacturer data as well as data submitted by our member facilities.• ECRI maps all standardized items displayed in the PriceGuide database to the Universal Medical Device Nomenclature System™ (UMDNS™) taxonomy system for medical devices and medical-surgical supplies.

(ECRI will map the standardized data to your facility’s item master file FREE of charge.)

Standardized DataPriceGuide DatabasePriceGuide Database


Benefits & Features• Reduce purchase cost on single-use products• Find lower-priced medical products• Increase return on your supply investment• Identify areas of cost-savings and support

current/potential purchasing decisions• Benchmark cost against companies your size

regionally and nationally• Assess pricing for medical/surgical supplies, physician

preference items, and office supplies• Members may now run the PriceGuide National

Category Analysis on over 2,000 UMDNS™ product categories including: cardiac valves, pacemakers, drug-eluting stents, orthopedic hips and knees and many more!



PriceGuide Quotation PriceGuide Quotation AnalysisAnalysis

•PriceGuide hospital members may request an unlimited number of quotation analyses during the course of their membership.

•Within each quotation analysis, ECRI will benchmark the proposed price against both the PriceGuide national low and average price and calculate the annual potential savings.


PriceGuide Custom PriceGuide Custom Technology AnalysisTechnology Analysis

PriceGuide hospital members may request up to 6 Custom Technology Analyses during the course of their membership. Each Custom Technology Analysis offers a comparison of multiple products from assorted suppliers and provides the member facility with purchasing recommendations for safe and effective products.

ECRI conducts controlled testing within its testing laboratories to provide a comparison and recommendation to the member facility.

Members of PriceGuide may also access and download copies of previously completed Custom Technology Analyses to use in their decision making process.


What our members What our members say…say…““Our Our first vendor negotiationfirst vendor negotiation using the PriceGuide database netted us a using the PriceGuide database netted us a cost cost savingssavings of nearly of nearly half a million dollars,half a million dollars, and we anticipate additional savings. In the and we anticipate additional savings. In the past we have used consultants to mine savings opportunities. Their identified past we have used consultants to mine savings opportunities. Their identified opportunities have never been attainable. Because ECRI does not have a vested opportunities have never been attainable. Because ECRI does not have a vested interest in identifying savings, I have a greater confidence in the identified interest in identifying savings, I have a greater confidence in the identified opportunities.”opportunities.”

““ECRI’s PriceGuide services gives our Corporate Contracts and Purchasing staff ECRI’s PriceGuide services gives our Corporate Contracts and Purchasing staff the ability to the ability to negotiate better dealsnegotiate better deals and make and make informed decisionsinformed decisions, which has , which has resulted in resulted in significant cost savingssignificant cost savings to our organization. to our organization. PriceGuide PriceGuide is an is an extremely extremely effective tool,effective tool, which allows us to benchmark supply costs and effectively supports which allows us to benchmark supply costs and effectively supports our Value Analysis Program.”our Value Analysis Program.”

““ECRI’s PriceGuide database and technical staff consultations have become a ECRI’s PriceGuide database and technical staff consultations have become a standardstandard within our within our contractingcontracting and and procurement responsibilities.”procurement responsibilities.”

““All of my All of my buyersbuyers use use PriceGuidePriceGuide on a on a daily basis.daily basis. PriceGuide gives us a pricing PriceGuide gives us a pricing benchmark on either the national or regional levels. We have been able to benchmark on either the national or regional levels. We have been able to lower lower our acquisition costsour acquisition costs of products enough that subscribing to ECRI pays for itself.” of products enough that subscribing to ECRI pays for itself.”


ECRI’s Strict Conflict of Interest ECRI’s Strict Conflict of Interest RulesRules• No financial interestNo financial interest in the sale of any

medical technology• No royalties, gifts, finders’ fees, or No royalties, gifts, finders’ fees, or

commissionscommissions from the medical device or pharmaceutical industries

• No ownership of stockNo ownership of stock in, or consulting work for, organizations in such industries

• No advertisingNo advertising accepted


Become a Become a PriceGuide PriceGuide MemberMember Today!Today!

Get the competitive edge with Get the competitive edge with PriceGuidePriceGuide to make sound purchasing decision by to make sound purchasing decision by pinpointing savings.pinpointing savings. Custom reports

Personal assistance

Comparative pricing data

Online member reports

Database of 200,000 single-use medical products

Valuable negotiating power

Independent, unbiased information

Take a Free Demo of PriceGuideContact us today.

Telephone: +1 (610) 825-6000, ext. 5118Fax: +1 (610) 834-1275

E-mail: [email protected]


Increase the return on your supply Increase the return on your supply investment today.investment today. Europe

Telephone: +44 (1707) 871 511 Fax: +44 (1707) 393 138E-mail: [email protected]

Middle East

Telephone: +971 4 3 322682 or +971 4 3 8004510 Fax: +971 4 3 321476 E-mail: [email protected]

Southeast Asia Office Telephone: +60 3 7982 5782 Fax: +60 3 7982 5839 E-mail: [email protected]

ECRI Headquarters, United StatesTelephone: +1 (610) 825-6000, ext. 5891Fax: +1 (610) 834-1275E-mail: [email protected]

copyright © 2006 ecri. a nonprofit agency. all rights reserved. improving the safety, quality, and...

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