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Can Surgeons Cut Costs Without Jeopardizing Care?

Anaeze C. Offodile II

Can Surgeons Cut Costs Without Jeopardizing Care?.

By Kushal T. Kadakia, Nancy D. Perrier, and Anaeze C. Offodile II

Posters, pricing dashboards, comparison tools — could cost transparency significantly reduce operating room expenses? In a 2018 pilot study, the Know Your Cost initiative used principles of behavioral economics to save nearly $1 million (13%) in supply costs without diminishing quality of care. Co-authored by scholar Anaeze C. Offodile II, this Harvard Business Review article explains how simple "choice architecture" nudges surgeons to choose options that reduce medical costs.

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