Jove
Visualize
Contact Us
JoVE
x logofacebook logolinkedin logoyoutube logo
ABOUT JoVE
OverviewLeadershipBlogJoVE Help Center
AUTHORS
Publishing ProcessEditorial BoardScope & PoliciesPeer ReviewFAQSubmit
LIBRARIANS
TestimonialsSubscriptionsAccessResourcesLibrary Advisory BoardFAQ
RESEARCH
JoVE JournalMethods CollectionsJoVE Encyclopedia of ExperimentsArchive
EDUCATION
JoVE CoreJoVE BusinessJoVE Science EducationJoVE Lab ManualFaculty Resource CenterFaculty Site
Terms & Conditions of Use
Privacy Policy
Policies

Related Concept Videos

You might also read

Related Articles

Articles linked to this work by shared authors, journal, and citation graph.

Sort by
Same author

In Support of Collaborative Pediatric Device Innovation.

JAMA surgery·2026
Same author

Standardized Knee Meniscus MRI Reporting: An Interdisciplinary Delphi Consensus.

Radiology·2026
Same author

Standardized MRI nomenclature for knee meniscal lesions: SSR consensus panel report.

Skeletal radiology·2026
Same author

Ossification variants of the distal femoral condyle: longitudinal 3 T MRI evidence of progression to juvenile osteochondritis dissecans in asymptomatic siblings of patients with JOCD.

Skeletal radiology·2026
Same author

Creating a "Box View" of Periprosthetic Distal Femur Fractures Using Three-Dimensional Image Processing.

Hawai'i journal of health & social welfare·2026
Same author

Corticosteroid-associated osteonecrosis in paediatric compared with adult patients: are they the same disease?

Bone & joint open·2026

Related Experiment Video

Updated: Aug 12, 2025

The Use of Mixed Reality in Custom-Made Revision Hip Arthroplasty: A First Case Report
07:45

The Use of Mixed Reality in Custom-Made Revision Hip Arthroplasty: A First Case Report

Published on: August 4, 2022

3.4K

Optimizing Orthopaedic Trauma Implant Pricing Through a Data-Driven and Surgeon-Integrated Approach.

Ryan Seltzer1, Joseph R Johnson1, Kelly McFarlane2

  • 1School of Medicine, Stanford University, Stanford, CA.

Journal of Orthopaedic Trauma
|February 2, 2023
PubMed
Summary

Surgeons and supply chain teams achieved significant cost savings on orthopaedic trauma implants by using market-based pricing and negotiation. This strategy resulted in over $1 million in savings without reducing the number of vendors.

More Related Videos

Three-Dimensional Reconstruction of Orbital Fractures
08:18

Three-Dimensional Reconstruction of Orbital Fractures

Published on: May 16, 2025

290
3D Planning and Printing of Patient Specific Implants for Reconstruction of Bony Defects
08:15

3D Planning and Printing of Patient Specific Implants for Reconstruction of Bony Defects

Published on: August 4, 2020

6.5K

Related Experiment Videos

Last Updated: Aug 12, 2025

The Use of Mixed Reality in Custom-Made Revision Hip Arthroplasty: A First Case Report
07:45

The Use of Mixed Reality in Custom-Made Revision Hip Arthroplasty: A First Case Report

Published on: August 4, 2022

3.4K
Three-Dimensional Reconstruction of Orbital Fractures
08:18

Three-Dimensional Reconstruction of Orbital Fractures

Published on: May 16, 2025

290
3D Planning and Printing of Patient Specific Implants for Reconstruction of Bony Defects
08:15

3D Planning and Printing of Patient Specific Implants for Reconstruction of Bony Defects

Published on: August 4, 2020

6.5K

Area of Science:

  • Orthopaedic surgery
  • Healthcare economics
  • Supply chain management

Background:

  • Healthcare costs are rising, necessitating innovative cost-saving strategies.
  • Orthopaedic trauma implants represent a significant portion of hospital expenditures.
  • Traditional procurement methods may not always yield optimal pricing.

Purpose of the Study:

  • To evaluate the effectiveness of integrating market-based pricing with surgeon-led negotiation for orthopaedic trauma implants.
  • To identify specific implant types with the greatest potential for cost reduction.

Main Methods:

  • Utilized industry implant databases to establish market pricing benchmarks.
  • Surgeons and supply chain management collaboratively set target prices (25th percentile).
  • Engaged with 12 existing vendors to meet established price thresholds through negotiation.

Main Results:

  • Projected savings of 20.0% were surpassed, achieving 23.0% reduction in annual spend.
  • Total savings exceeded $1,000,000 USD, with 11 of 12 vendors providing net savings.
  • Highest percentage savings were observed in external fixators, drill bits, and K-wires.

Conclusions:

  • A coordinated approach between surgeons and supply chain management effectively reduced orthopaedic trauma implant costs.
  • Significant cost savings were realized without necessitating vendor consolidation.
  • Market-based pricing coupled with negotiation is a viable strategy for lowering implant expenditures.