The basics of a methodology to cut supply chain costs in the operating room are explained in this short article. The methodology is referred to as FQIB – or first-quartile internal benchmarking. The author also refers to it as the “top 15” methodology. The idea is to compile the hospital’s own direct costs for supplies by procedure and target the top 15 procedures with the highest supply cost. Further analysis of surgeon preference cards then leads to group discussions with surgeons about changing supply utilization.
Source: Buchler, R. (2014, Oct.). Achieving strategic cost reduction in the OR. Healthcare Financial Management, 68(10), 42-44, 46. Retrieved from http://www.hfma.org/Content.aspx?id=25368 Posted by AHA Resource Center (312) 422-2050, firstname.lastname@example.org
Filed under: Benchmarking, Best practices, Efficiency, Financial management, Posted by Kim Garber, Supply chain, Surgical suite | Tagged: First quartile internal benchmarking, FQIB, Hospital supply chain, Operating room supply costs, Surgical suite supply costs |