Implant Purchase Management 

Controlling the high costs of physician preference purchases

Automation rules the supply chain. Yet many hospitals still leave their most expensive purchases—medical implants and physician preference items—to chance. With Implant Purchasing Management (IPM) from Owens & Minor, you can gain control of the entire physician preference implant process.

Used frequently in Orthopedic, Spine, Cardiac Cath and other critical areas, implants typically account for 20% to 25% of a hospital’s total supply spend. For years, these implants have been “bill-only” transactions—meaning supply requisition and payment begins after the products are used. Financial damage can mount quickly due to problems with this informal process: 

• Diversity and high cost of the items
• Inability to apply complex discounts
• Potential for human error with manual record-keeping

Hospitals lose up to 3% of their supply spend and countless hours of productivity each year to manual-entry, bill-only transactions.

IPM changes all that. An automated, web-based application, IPM works seamlessly with your current MMIS to fully manage the contract pricing and requisition process for implants. By streamlining your entire purchasing process, IPM enables you to:

• Maximize savings with automated pricing management functions that account for capitation and other complex, case-specific discounts—so you pay the right price, every time
• Enhance productivity by reducing the staff time needed to manually enter or correct transactions
• Improve efficiency by automating the flow of electronic requisitions, purchase orders and invoice receipts
• Increase control with customizable dashboard views and data-rich reports by product, procedure, physician and more