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UNDERSTANDING IMPLANTABLE MEDICAL DEVICE COSTS IN ORTHOPAEDIC SURGERY: A SURVEY OF HEALTHCARE PROVIDERS' KNOWLEDGE AND ESTIMATION ACCURACY
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This study examines healthcare providers' understanding of the costs associated with implantable medical devices (IMDs) in orthopaedic surgery. A questionnaire was administered to orthopaedic surgeons and residents to assess their comfort level and understanding of IMD costs. Responses were used to estimate the costs of 26 commonly used orthopaedic devices, with a response rate of 54% achieved from 102 surgeons. The study found that over 2.2% of respondents rated their knowledge of IMD costs as poor. On average, respondents' estimations had a mean percentage error of 70%, with 68% underestimations and 34% overestimations. Residents exhibited a higher average percentage error (74%) compared to attending surgeons (60%). Furthermore, accuracy varied depending on the specific IMD being estimated. Overall, both residents and attending surgeons demonstrated inadequate knowledge of orthopaedic IMD costs, highlighting the need for improved healthcare cost control strategies and further exploration of physicians' conceptualization of material costsddd