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ECRI Institute Launches Market Analytics Tool to Help Hospitals Make More Informed Capital Purchasing Decisions

Wed, 07/06/2011 - 12:34pm
Bio-Medicine.Org

PLYMOUTH MEETING, Pa., July 6, 2011 /PRNewswire-USNewswire/ -- ECRI Institute®, an independent nonprofit healthcare organization that researches the best approaches to improving patient care, today announces the launch of its S+ Market Analytics Tool, the latest enhancement to ECRI Institute's SELECTplus™ healthcare technology advisory service. The new price benchmarking and trending database provides real-time market intelligence to help hospitals and health systems select and procure the best capital equipment for their needs. It includes unlimited consultation with ECRI Institute's staff of technology analysts, biomedical engineers, clinicians and researchers.

(Logo: http://photos.prnewswire.com/prnh/20110112/DC29081LOGO)

"This new interactive database is a significant enhancement to our service. It's the first market analytics tool of its kind to help hospitals and systems make faster, more informed capital purchasing decisions," states Jennifer Myers, ECRI Institute's Vice President of SELECT Health Technology Services. SELECTplus is a capital technology decision support service used by more than 2,500 hospitals and health systems worldwide.

"Whether purchasing new or replacing existing capital, hospital executives and purchasing professionals need the best market insight they can get," says Anthony J. Montagnolo, Executive Vice President and Chief Operating Office, ECRI Institute.  "S+ Market Analytics arms them with accurate, unbiased and evidence-based pricing and technology data to help substantiate purchasing decisions that now are often elevated to the C-Suite," adds Montagnolo.

The new S+ Market Analytics tool makes it easier for healthcare organizations to see purchasing trends, prices paid, and market sh

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