SurgiSmartIQ will offer information on actionable cost savings opportunities, clinical variation, and procedure and contract compliance information, according to a June 25 news release.
SurgiSmartIQ pulls pricing data from the world’s largest GPO-agnostic healthcare database for capital and supplies from more than 3,000 healthcare facilities. The software then identifies components used by orthopedic surgeons, associated costs and usage trends.
It generates comprehensive reports of savings opportunities based on price benchmarking, product utilization and standardization opportunities. SurgiSmartIQ can then determine the complete total cost of orthopedic procedures, the release said.
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