All Entries in the "Value Analysis" Category
4 Key Questions That Test the Effectiveness of Your Hospital’s Value Analysis Teams
We are all looking to up our value analysis game with more effective strategies, tactics and techniques to realize a giant leap forward with their performance. Here are four key questions that test the effectiveness of your hospital’s value analysis team(s) so that you can keep moving forward: 1) Do you have a hospital department or [...]
4 Ways to Effectively Communicate the Value of Value Analysis at Your Hospital
We see dozens of supply chain professionals that are doing a bang-up job with their supply value analysis program, but do their executive management team and their peers realize the value of value analysis at their healthcare organization? In many situations, the answer is no, they don’t. The reason for this phenomenon is that too [...]
How to Measure Your Hospital’s Value Analysis Team’s Success
Most healthcare organizations measure their value analysis team’s success in dollars and cents. Meaning, how much they are saving year-to-year. However, this isn’t the only criteria for success that you should be measuring. Below are four companion measurements that can dramatically improve your value analysis team’s performance: Projects Completed: This is a number that often [...]
Six Key Characteristics of an Effective Hospital Value Analysis Team
How would you know if you have an effective value analysis team? What are the characteristics of a value analysis team that makes them successful? And what can you do to acquire these qualities to up your value analysis game? Here is a six-point checklist that you can apply as a test to determine where [...]
How Can Healthcare Supply Chain Managers Define Quality
This is the age-old question that has perplexed healthcare supply chain professionals for decades. It’s a discussion that pops up at every value analysis team meeting and is the focal point of every clinician’s product, service and technology new purchase request. It is also the reason why more savings aren’t eked out of your supply [...]
Challenging Tradition to Healthcare Supply Savings Success
What we teach in our advanced value analysis training programs is that TRADITION (or we have always done it that way) is the #1 reason why healthcare organizations aren’t saving more money. In fact, most products, services, technologies, policies, procedures and processes that your healthcare organization is employing today were established, specified or designed by [...]
Value Analysis Best Practices Are Stupid!
Did I get your attention with that headline? Well, that was my intention. I got the idea for this headline from the title of a new book by Stephen Shapiro called “Best Practices Are Stupid: 40 Ways to Out-Innovate the Competition”. The book is all about thought-provoking creativity concepts that make you realize that if [...]
Hospital Value Analysis Teams and Committees-Getting Results Without Authority
One of the challenges every hospital value analysis team member has wrestled with is getting results without authority. We have heard this complaint over and over again from team members when we facilitate their supply value analysis program. Specifically, team members concerns are how can they influence others in the healthcare organization to change their [...]
Why Hospital Supply Chain Managers Need to Say “No” More Often!
We are coming to a point in healthcare (i.e., no money, no mission) when supply chain managers must say “NO”, more often than they say “YES” to the requests they are receiving for new products, services and technologies. We, as an industry, actually need a freeze on what we are buying if we are to [...]
What’s the Most Powerful Tool in Your Healthcare Value Analysis Arsenal?
We have observed or have participated in hundreds of value analysis meetings over the years and have identified one thing you can do today to dramatically improve your hospital’s value analysis meetings. It’s actually a very simple communication tool, which is often neglected or given short shrift in the hustle and bustle of everyday supply [...]
