In­tro­duc­ing the tech in­dex

Modern Healthcare - - THE WEEK IN HEALTHCARE -

Spend­ing on med­i­cal tech­nol­ogy, sup­plies and de­vices is a key driver of es­ca­lat­ing health­care costs in the U.S. To as­sist health­care ex­ec­u­tives in mon­i­tor­ing how much they’re spend­ing on these items, Mod­ern Health­care has part­nered with the ECRI In­sti­tute to de­velop the Mod­ern Health­care/ecri In­sti­tute Tech­nol­ogy Price In­dex.

The TPI is a monthly in­dex of the prices hos­pi­tals and other providers pay for med­i­cal tech­nol­ogy, sup­ply and de­vice items. Specif­i­cally, the TPI will track 30 items: The Top 10 sup­ply items by to­tal spend­ing. The Top 10 most ex­pen­sive cap­i­tal items. The Top 10 most pop­u­lar cap­i­tal items. Three sep­a­rate in­dices will re­port the av­er­age price paid for an item, the change in price for that item from the pre­vi­ous month and the change in price for that item from the same month one year ago. An in­ter­ac­tive chart will al­low readers to track price changes of any item or mul­ti­ple items over time. The ECRI In­sti­tute, based in Ply­mouth Meet­ing, Pa., will sup­ply the data for the TPI based on price in­for­ma­tion re­ported to it by its mem­ber or­ga­ni­za­tions.

The TPI will be avail­able for free to all reg­is­tered users of Mod­ern­health­ start­ing Feb. 13. To ac­cess the TPI, go to mod­ern­health­

For more in­for­ma­tion on the Mod­ern Health­care/ecri In­sti­tute Tech­nol­ogy Price In­dex, please con­tact the Mod­ern Health­care re­search depart­ment at 312-649-5459 or re­search mod­ern­health­

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