All Entries Tagged With: "Hospital Value Analysis"
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 [...]
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 [...]
The Missing Success Element in Your Hospital’s Value Analysis Team’s Performance
Most value analysis teams typically do some sort of planning. They look at their goals, processes and discuss possible outcomes. They make specific assignments, set up dates, and create a follow-up system on new or existing product, service and technology investigations. All of these actions are consistent with moving these VA teams closer to excellence. [...]
Sherlock Holmes Knew How to be a Great Hospital Value Analysis Strategist
If you want to be a great value analysis strategist (essential to succeeding as a value analysis practitioner) you must be just like Sherlock Holmes, the legendary consulting detective in Arthur Conan Doyle’s books. Holmes was perceptive, analytical and persistent! He never gave up on a case; even if it took him years to solve [...]
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 [...]
Diagnose Before You Prescribe A Solution
There is a tendency in healthcare value analysis circles to predetermine solutions for cost and quality problems with their hospital’s products, services and technologies that is leaving millions of dollars of savings on the table untouched. Just as important, creating quality issues that never get resolved! More importantly, these seat-of-the-pants solutions aren’t solving the root [...]
Competitive Value Analysis: Slow Down to Speed Up
Value analysis teams are being pressured to save more in less time, but is this really a productive way to do business? There have been a number of industry studies recently that have documented that simply increasing the pace of your work or productivity often leads to decreased value over time. These same studies report [...]
What a Great Model for Any Hospital Value Analysis Program
Last week I was on site at a client’s location conducting an advanced 1-day LEAN Value Analysis Training Program for their value analysis team leaders and team members. This was this client’s annual value analysis refresher course which I think is a perfect model for all value analysis programs to emulate. Why? Because too often [...]
Value Analysis Isn’t Just About Product Evaluation/Selection
Just the other day, a Value Analysis Team Leader that we were coaching asked us if it would be OK with us if his VA team started looking at the processes surrounding the products, services and technology his team was charged with to uncover any and all waste and inefficiency in their value streams. We [...]
