Modern Healthcare award honors ECRI supply chain solutions

ECRI was recognized by Modern Healthcare as one of the Best in Business of 2024 in the Supply Chain category. Modern Healthcare grants the awards to celebrate organizations that drive innovation, efficiency and excellence across the healthcare industry.

ECRI operates the industry’s most comprehensive supply chain decision support and benchmarking datasets to help healthcare organizations navigate supply chain challenges. ECRI’s supply chain solutions are built upon the largest independent GPO-agnostic datasets in the Americas, including proposed and actual spend from more than 3,000 facilities, and leading safety, clinical evidence, and functional equivalent data.

“We are honored to recognize the inaugural recipients of Modern Healthcare's Best in Business Award,” said Dan Peres, President of Modern Healthcare. “By acknowledging the leading innovators within the industry, we aim to highlight the pivotal role these organizations play in enhancing the healthcare ecosystem. Their unwavering commitment to innovation, exceptional outcomes, and delivering real impact in the healthcare industry exemplifies excellence. This achievement underscores their dedication to advancing healthcare solutions and setting new standards for quality and efficiency.”

The full list of award winners can be found in the Dec. 9 issue of Modern Healthcare magazine. Profiles of the honorees are online at ModernHealthcare.com/bestinbusiness.

“For nearly 40 years, ECRI’s decision-support solutions have helped healthcare organizations reduce clinical spend, enhance patient outcomes, and navigate supply chain challenges with confidence,” said Tim Browne, vice president of supply chain solutions at ECRI. "The ECRI team is proud to celebrate this Modern Healthcare award that recognizes the dedication of our expert staff and the impact of our data-driven insights.”

ECRI Supply Chain solutions won the award in recognition of several key differentiators:

• INNOVATION: Only ECRI provides comprehensive insights fueled by holistic data sets – spend, clinical, safety, and quality across thousands of medical categories. No other supply chain vendor provides ECRI’s unique functional equivalent algorithms, showing comparable products on the market with detailed key performance indicators enabling more seamless buy in from clinicians – plus early alerts on malfunctioning devices and assistance navigating device recalls.
• OUTCOMES: ECRI clients have identified more than $13 billion in savings opportunities annually through combined capital and supply datasets. ECRI analyzes on average $74 billion in supply and capital spend annually.
• EFFICIENCY: ECRI solutions are designed to help healthcare providers enhance their bottom line with more consistent wins in cost savings, product standardization, and utilization optimization without sacrificing quality or patient safety.
• UNBIASED INDEPENDENCE: As a nonprofit, ECRI’s independent, unfiltered insights and conflict of interest standards (which are the strictest in the industry) have bolstered ECRI’s reputation as “The Most Trusted Voice in Healthcare.”
• MULTIDISCIPLINARY INSIGHTS: ECRI Supply Chain Solutions leverage holistic insights from ECRI’s Clinical Evidence Assessment team, accident investigations, Horizon Scanning team, and the ECRI and ISMP Patient Safety Organization (PSO) which operates the industry’s largest database of over 7 million patient safety events to identify and prevent threats to patient safety.