SUPPLY CHAIN MANAGEMENT: Physician Preference Item (PPI) Cost Reduction

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Physician Preference Item (PPI) Consulting

MedAssets achieves savings for clients through physician preference items (PPI) cost reduction. PPI can be defined as implants and/or implantable devices, as well as expensive disposable items used during surgical procedures. Examples of PPI include stents, catheters, heart valves, pacemakers, leads, total joint implants, spine implants, and bone products.

Our consultants analyze data and processes related to clients’ current PPI purchasing practices and identify the best opportunities for improvement. We then work closely with physicians to gain their support. From there, we facilitate vendor negotiations, implement new pricing, measure results and audit compliance. Our PPI process typically results in savings of 5-20 percent of implant expense.

Other services offered include:

Improve your
Operating Margins

MedAssets improves
and sustains
operating margins
by 1.5% to 5%.

Wellmont Health System

Reliable conclusive benchmarking data convinces physicians to ally in a process that reduces costs while preserving physician choice. Wellmont saves 14 percent on its overall physician preference item (PPI) expenditures for a projected annual savings of $2.5 million and $1.5 million for two of Wellmont’s largest hospitals.