Why Anesthesiologists Should Be Familiar With Variable Drug Costs

By familiarizing themselves with best practices in drug selection, anesthesiologists can create significant savings for the hospitals with which they partner and the patients they serve, according to an Anesthesia Business Consultants blog post.

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The report notes that the U.S. general anesthesia market size was approximately $2 billion in 2011 and is expected to grow at a rate of 4 percent annually from 2011 to 2015. While individual anesthesiology providers and groups have little control over total spending on drugs, they can get involved within their own institutions by being aware of the large variation in the cost of anesthetic agents and other medications used during the perioperative process.

Also, familiarity with the costs and ways to influence the quantities of anesthesia drugs will enable anesthesiologists to demonstrate their value to their hospital and ambulatory surgery center partners.

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