ECRI Blog

We See You: ECRI Recognizes Exceptional Health Technology Management

Posted by Edward Nuber, Director of Marketing, ECRI on May 10, 2022

A popular folk musician once said, “You just get the vibe of your surroundings, and it rubs off on you.” Indeed, surroundings are very important; and when a pleasing aesthetic melds with functionality “the vibe” gets even better, and so does effectiveness. Such innovation helps drive success, and in healthcare, it even helps improve the patient experience, cost management, staff satisfaction, and outcomes.

This year, the winner of ECRI’s annual Health Technology Excellence Award (formerly known as the Health Devices Achievement Award) has demonstrated a high commitment to innovation resulting in improvements that will advance both patient care and comfort. ECRI proudly named McLaren Northern Michigan the winner for the member facility’s exceptional initiative to improve patient safety, reduce costs, or otherwise facilitate better strategic management of health technology.

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Topics: Industry Trends, Technology Assessment, Value-Based Care Outcomes, ECRI, Leadership, Public Health

Five Ways Value Analysis and Supply Chain Leaders Can Improve Transparency

Today’s value analysis leaders face tall orders. They need to focus on process improvements, utilize and embrace digital advancements, and provide greater transparency and visibility during new product evaluation and product standardization requests. Having access to the right combination of tools and information can empower them to accomplish these objectives as they work to balance cost, quality, and outcome goals.

Many of ECRI’s value analysis members confirm the need to support and drive greater transparency in their own value analysis programs. Adding greater visibility can make others feel connected and more actively involved and responsible during the decision-making process. It also provides an opportunity to shape a more integrated clinical support system–one that helps drive evidence-based decisions on new products, technology, and capital projects. Finally, greater visibility can break down silos and alleviate communication barriers, most often common when working across multiple, diverse departments.

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Topics: Supply Chain, Technology Assessment, Value-Based Care Outcomes, ECRI, Evidence-based decision making, Informed Decision-making, Clinically Integrated Supply Chain, Value Analysis Management, Value Analysis, Unbiased Clinical Evidence, Decision-Making Support, Tansparency, Transparent Value Analysis Management

Use a Predictive Replacement Plan to Create a Better Capital Replacement Process—and Include these 6 Questions

We all know the adage, the squeaky wheel gets the oil. It can even apply to your hospital’s capital budget planning exercise.

Capital requests include both replacement items for existing equipment and new or additional purchases, and the process tends to move quickly. Unfortunately, the loudest voices usually get the bulk of the available capital dollars, and smaller departments often are left out.

A Predictive Replacement Plan, or PRP, can streamline this process and provide objective recommendations regarding the replacement of capital equipment in a systemic manner.

A PRP is a deep dive into the capital medical inventory of a health care institution which is then used to develop and coordinate an unbiased 5 or 10-year replacement schedule, based on multiple objective factors, including organizational goals and patient needs. It is not based solely on the age of the equipment or the subjective desire or influence of a department director or physician. A PRP is based on multiple objective factors including device recall data, OEM support, part availability from OEM and aftermarket sources, changing technologies, device utilization, and clinical needs of the clinician.

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Topics: Health Devices, Supply Chain, Equipment Planning, Technology Assessment, ECRI, Evidence-based decision making, Leadership, Vaccines, Inventory, predictive replacement planning, Thought Leadership

Three Reasons for Switching from a Manual to an Automated Value Analysis Process

The shortest distance between two points is a straight line—but when it comes to navigating your hospital’s value analysis process, has it ever been that simple? This is especially true when relying on a manual process to manage complex value analysis decisions, where the sheer volume of information, number of projects and need for collaboration can pull you in several directions at once.

Moving to an automated process can definitely save time; but streamlining information access and providing evidence-based data enables teams to make decisions more quickly. This can increase cost savings as well as the delivery of quality patient care. Here are three reasons to consider making the switch:

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Topics: Patient Safety, Technology Trends, Technology Assessment

ECRI’s COO in Modern Healthcare: Use Supply Chain to Achieve Care Goals and Preparedness

It’s a critical time for healthcare leaders as they face new challenges from the COVID-19 pandemic and continued declining reimbursements. In a recent Modern Healthcare article, ECRI’s Executive VP and COO, Tony Montagnolo, was featured alongside other industry leaders on the topic of COVID-19 and the market pressures thought to be reshaping procurement. Here’s what he shared with Modern Healthcare on his vision and strategies for reaching value-based care goals and wisely preparing your health care system for the future.

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Topics: Patient Safety, Supply Chain, Technology Assessment

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