Competitive bidding for interventional cardiology supplies: lessons learned during round 2

Am J Manag Care. 2002 Apr;8(4):384-8.

Abstract

Objective: To assess the magnitude of savings and develop concepts for "best strategies" in reducing costs in the purchasing of high-technology, high-cost materials used in coronary interventions and electrophysiologic treatments.

Study design: Observational experience in competitive bidding for defibrillators, pacemakers, coronary stents, and coronary balloon catheters at a large, midwestern, publicly owned, academic cardiovascular center.

Methods: Iterative negotiation following a broad request for proposal sent to a diverse group of vending organizations in high-technology areas of cardiology. Product costs and volume usage were assessed before and after the process to estimate annualized cost reduction achieved.

Results: Using a combination of identification of preferred vendors; consignment of supplies; and collaborative consensus among physicians, administration, materials management, purchasing, and vendors, an annualized savings of more than $1.3 million was achieved.

Conclusions: Aggressive, collaborative, fair, and competitive bidding for high-cost products used for coronary interventions and electrophysiologic treatments leads to substantial cost savings and can promote provider-industry partnerships that further enhance product use, provision, and tracking.

MeSH terms

  • Cardiology / instrumentation*
  • Competitive Bidding / organization & administration*
  • Equipment and Supplies, Hospital / economics*
  • Health Services Research
  • Hospital Costs
  • Hospitals, University / economics*
  • Humans
  • Purchasing, Hospital / economics
  • United States