Premier, Inc, Charlotte, NC, has received a U.S. patent for its hospital supply expense methodology, the Supply Mix Index . The index allows users to calculate supply expense per patient procedure and assess supply costs as a percentage of the total cost of a clinical procedure. They can then compare it with other hospitals nationwide.
The Supply Mix Index integrates clinical and operational data to calculate supply cost indexes for every Medicare Severity – Diagnosis-Related Group (MS-DRG). The Supply Mix Index figure can be calculated for any acute care organization in the U.S. Aggregated and de-identified data from nearly 4 million clinical procedures was used to create the methodology.
For more information, visit the Premier website.