Teaching Hospital Saves $126K Implementing Our Biosurgical Hemostasis Utilization Study
Tuesday August 1, 2023
Tufts Medical Center is a 415-bed academic medical center, serving patients from Boston communities and throughout New England. As a teaching hospital, Tufts Medical Center has a strong focus on process improvements that enhance patient care. They actively use Blue.Point’s product utilization tool to identify opportunities that support the hospital’s initiatives, as well as improve the quality of care for their patients. Blue.Point’s utilization study and custom action plan helped the hospital’s value analysis team and surgical subject matter expert perform an extensive review of their biosurgical hemostasis product inventory. The utilization study and action plan provided Tufts Medical Center a better understanding of how their current biosurgical hemostasis product was being used at the hospital. That information revealed an opportunity for the hospital to decrease product SKUs and maintain compliance with vendor contract requirements. Following Blue.Point’s action plan recommendations to decrease product SKUs while maintaining clinical quality, in one year, the hospital realized savings of $126,000.
Blue.Point solutions revealed:
- Opportunity in SKU reduction
- Identified changes supported by unbiased clinical research
- Enhanced tier pricing with better contract alignment
- Significant savings when streamlining product offerings
If you want to learn more about utilization and how Blue.Point can identify savings opportunities, please reach out to info@bluepointscs.com.