Using a business practice model to control product line costs.
Faced with a downward turn in its total joint replacement product line, Avera McKennan Hospital was able to avert further decline and save dollar 500,000 annually by: Reviewing and analyzing the product line's past performance. Developing a business model to govern its new implant supply process. Obtaining physician buy-in. Ensuring vendor compliance with its new contracts. Developing a role as business partner with its orthopedic surgeons.
Farr
Ronald J
RJ
Avera McKennan Hospital and University Health Center, Sioux Falls, SD, USA. Ron.Farr@McKennan.org
Senn
Girard F
GF
Whitten
Catherine M
CM
D003363:Cost Control / Q000379:methods; D005377:Financial Management, Hospital; D017146:Models, Organizational; D019982:Organizational Case Studies; D011357:Product Line Management / Q000191:economics* / Q000458:organization & administration; D013023:South Dakota