Data shows physician preference items (PPI) constitute between 40-60% of a hospital’s total supply cost, making it an area of intense focus for non-labor cost reduction efforts. With the added financial repercussions caused by the COVID-19 pandemic, there is more pressure than ever to identify and address cost savings opportunities within PPI.
Join us as Kelly McLaughlin from MaineHealth shares how the structure and governance of the supply chain promotes ongoing repeatable success in PPI sourcing initiatives. She will highlight proven insights to help providers maintain the support of physicians who have often developed product preferences based on decades-long careers. Kelly will share one example of many in which they were able to successfully execute a coronary vascular initiative that resulted in $1M in annual savings without compromising quality or outcome measures.