All Entries in the "Value Analysis Analytics" Category
Changes, Past and Future, In Value Analysis Analytics
We have all heard the phrase, “In God we trust, all others bring data” which is a maxim that was coined by Edward Demming, the father of statistical quality control, to emphasize that if you follow the data it will lead you to the answers to all of your questions about cost, quality, and safety. [...]
4 Tips for Starting and Winning A Savings Conversation with Your Clinicians
I’m sure we would all agree that the biggest obstacle to saving money at your healthcare organization is getting buy-in for your savings proposals from your clinicians (or other staff members). It isn’t easy; sometimes it’s unpleasant and too often your savings ideas are ignored, criticized, and worse yet discarded. To avoid this unproductive experience [...]
Making The Leap Forward To Value Analysis Analytics
At a recent AHRMM’s Executive Thought Leaders Forum, the participants stated that what was needed from supply chain executives as their healthcare organizations move from volume-based to value-based purchasing was, “Improved data tools that will assist supply chain leaders to link cost to critical outcomes and find variations and waste in (products, services) and processes.” [...]
Comparative Value Analysis Analytics Will Maximize Your Performance
Most healthcare organizations, in some shape or form, are employing value analysis analytics to uncover their hidden supply chain expense savings. Yet, we have found only a few who are using comparative value analysis analytics to benchmark to identify their utilization misalignments in real-time against their peers. Why is this important? Trending, tracking and observing changes [...]
Beyond The Data: New Thinking About Success
All healthcare supply chain departments have accumulated voluminous amounts of data. However, this data, by and of itself, doesn’t provide solutions for your supply chain expense management reduction efforts. Only by organizing it and combining it with financial and clinical data and then measuring and interpreting it can you have actionable results! Then, and only [...]
There Couldn’t be a Better Time to Up Your Healthcare Value Analysis Game
There couldn't be a better time to up your value analysis game! Value analysis has a 35-year history of saving money in healthcare, but it has gained even more importance, credibility and momentum now that The Patient Protection and Affordable Care Act has been signed into law. This is because saving money (and making it [...]
Are You Getting the Most out of Your Value Analysis Analytics?
In talking to supply chain professionals about their Value Analysis Analytics (or the extensive use of data, statistical and quantitative analysis to identify value analysis savings opportunities) I find that most of these individuals are focusing their analytic efforts on price, standardization and duplications. This isn’t what value analysis analytics is all about! Value [...]
