How Do You Make Your Health Technology Acquisition Decisions?

medical decisions_1200.jpgDespite the instability facing the American healthcare landscape at present, there continues to be growing focus on value. The Patient Protection and Affordable Care Act (ACA) has placed an increased emphasis on healthcare quality and patient satisfaction, especially with regard to Medicare reimbursement. Private payers are also seeking payment structures based on patient outcomes. In the face of such economic pressures, deciding which technologies to incorporate into patient care is a challenge, and will continue to be so in the future as new health technologies and brands enter the market. To meet clinical as well as financial goals, providers need to make sure that the health technologies they adopt are safe and have proven benefit, and are cost-effective.

“But how do busy providers, focused on patient care, find the time to discover this information? How do supply chain and value analysis professionals who may not have the scientific or clinical expertise to interpret and assess the research make informed acquisition and product standardization decisions?”

The value attached to a particular health technology has been the missing piece to the puzzle, but it’s the “proven benefit” element that can be difficult to discern. This is especially true when the evidence to support the utilization of a certain health technology is insufficient. When there is a lack of good information supporting benefit, hospitals and healthcare systems need to:

  • minimize risk_1200.jpgDecide whether to make the decision about the health technology now or wait until later after more evidence develops.
  • Identify the worst-case scenario if expectations about safety and efficacy are wrong.
  • Determine how best to minimize the risks.
  • Consider the operational and financial consequences of adopting a technology, service, product, or intervention that lacks evidence of improvement in clinical outcomes.

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But how do busy providers, focused on patient care, find the time to discover this information? How do supply chain and value analysis professionals who may not have the scientific or clinical expertise to interpret and assess the research make informed acquisition and product standardization decisions?

We’ve created a tool to help healthcare professionals in their decision-making process. Our FREE eBook, Making Healthcare Technology Decisions with Limited Evidence: 10 Questions to Ask explores the questions you need to ask when making tough technology acquisition decisions. The eBook covers topics such as:

  • marketing hype_1200.jpgPhysician preferences and manufacturer marketing hype
  • Comparison of similar technologies
  • Serious and life-threatening safety concerns
  • Impact on strategic direction, risk, and financial status
  • Effect on patient outcomes

We’ll show you why in order to make acquisitions that provide value to both the patient and the healthcare system, unbiased assessments of the peer-reviewed, published literature are essential. Download the eBook today!

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Topics: Health Technologies, Hospitals, Hayes Blog, Healthcare Evidence

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