Healthcare Quarterly

Healthcare Quarterly 26(1) April 2023 : 59-64.doi:10.12927/hcq.2023.27050
Healthcare Procurement

Key Stakeholder Perceptions of Standard vs. Total Cost of Ownership: A Procurement Analysis for Orthopaedic-Powered Instruments

Aazad Abbas, Olumide Olotu, Sejla Abdic, Albert Yee, Jeremie Larouche, Cari Whyne, Dante Morra and Jay Toor

Abstract

This study compares standard procurement methodology (SPM) with total cost of ownership (TCO) methodology for the procurement of orthopaedic-powered instruments. The authors conducted semi-structured standardized interviews with key hospital procurement stakeholders following consolidated criteria for reporting qualitative research. Of the 33 hospital procurement stakeholders interviewed, all (100%) reported that SPM would be easier to use than TCO. However, only six (18%) preferred SPM over TCO. Barriers to the adoption of TCO emerged as a theme. Creating TCO frameworks can help to simplify the process for procurement agents and facilitate its adoption in the healthcare sector.

 

Comments

Be the first to comment on this!

Note: Please enter a display name. Your email address will not be publically displayed