The average price paid by hospitals for cardiac implantable resynchronization pacemakers has dropped 12% over the last year, according to the most recent Modern Healthcare/ECRI Institute Technology Price Index.
The index looks at monthly and annual price data for about 30 supply and capital items purchased by hospitals and other healthcare providers, based on three-month rolling averages.
CRT-P pacemakers, which are newer versions, cost about $6,250 on average, while the average price of older implantable pacemakers is roughly $4,000. The price of the older pacemaker models was flat year over year.
The drop in price for CRT-P pacemakers may be due, in part, to cost-cutting programs that hospitals are implementing to lower the overall costs of medical supplies, especially so-called physician preference items, usually costly implantable devices such as pacemakers and stents.