Getting the price right: Hospitals target variation in joint replacement

Getting the price right: Hospitals target variation in joint replacement (ModernHealthCare)
When HonorHealth leaders were looking for ways last year to decrease spending, the joint-replacement service line stuck out as a big opportunity.
The procedures are one of the Scottsdale, Ariz.-based system's most popular—and lucrative—service lines and make up a significant percentage of supply chain costs, which account for nearly 40% of its $1.7 billion in revenue, according to 2016 financial data from Ernst & Young. But HonorHealth was paying more for parts than its competitors.
"If you haven...