Table 1.
Strategy used and savings realized after implementation of MEOC
| Physician preference item | Savings | Percentage | Strategy used |
|---|---|---|---|
| Endomechanical | $732,545 | 26% | Standardization |
| Total joints | $2,561,991 | 38% | Price matrix |
| Cardiac rhythm management | $1,590,396 | 16.5% | Price matrix |
| Drug-eluting stents | $454,044 | 11.4% | Standardization |
| Spine | $1,895,110 | 25% | Price matrix |
| Interventional cardiology | $1,111,050 | 21% | Standardization |
| Cardiac surgery | $60,820 | 2.5% | Price matrix |
| Trauma | $1,071,479 | 24% | Consolidation |
| Abdominal mesh | $604, 000 | 29% | Consolidation |
MEOC = Medical Economic Outcome Committee.