Look in the Mirror: Everyone Says They Are Performing Value Analysis, But In Actuality They Are Doing Something Else
Value Analysis Is A Discipline, Just Like Accounting, With A Philosophy, Principles, Practices And Rules That Must Be Followed If You Are To Call Yourself A Value Analysis Practitioner!
Value Analysis has a high name recognition in the healthcare industry, but that’s where the commonality ends. No hospital, system or IDN practices Value Analysis the same way. In fact, when most healthcare organizations say they are practicing Value Analysis they are in actuality really doing something else like group purchasing, standardization or evaluations.
Look In the Mirror – Take The Value Analysis Test
Draw Your Own Conclusions
80% of the time when you hear someone in healthcare say they are performing Value Analysis, what they are really saying is that they are performing an evaluation or the act of considering or examining a product, service or technology in order to judge its value, quality, importance, extent, or condition. The problem is evaluations are subjective in nature and aren’t scientific. To be scientific (or your docs won’t believe your results) an evaluation would need to be a repeatable verifiable process. Since everyone does evaluations in a different way there is no way to replicate or verify them!
Value Analysis is in the truest sense an art and science with a 60-year history that is a proven, repeatable, verifiable, process with a philosophy, principles, practices and rules. As an example, a Value Analysis Practitioner at one hospital can conduct a Value Analysis study on Pacemakers, and then have another Value Analysis Practitioner at another hospital replicate and verify this same study with a consistent, uniform and reliable outcome. These same results can’t be duplicated if the evaluations are not done scientifically.
Like accounting, engineering, or medicine, Value Analysis is a discipline. Its tenet must be stringently followed if you are to call yourself a Value Analysis Practitioner. If you haven’t been “certified” in this field of activity as a Certified Public Accountant is in their discipline, then you are not doing Value Analysis – you are doing something else!