3 Powerful Tactics to Ensure Your Healthcare Organization Has a Foolproof “Closed-Loop Savings Verification” Process

After reading an article by David Shannon and Chuck Miller of Bain & Company about “Closed-Loop Savings Verification” processes (CLSV)…

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Your Biggest Cost Savings Opportunity is Often Ignored After the Right Product at the Right Price at the Right Time at the Right Place Happens

For many in the healthcare supply chain, the old touchstone has been the cornerstone of best practice for over 50 years.  What happens after the product is in our customers hands?  What happens after the contract has been implemented/converted and/or value analysis has chosen the best valued product?  We know that the right price is in our ERP/Purchasing Systems but do the dollars hit the bottom line?  In order to get a better grasp on this concept, validation needs to occur because the costs ramifications cannot be left flapping out in the wind any longer.

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The Four Stages of Value Analysis Maturity: Where Do You Fit into this Continuum?

By my estimation, healthcare value analysis has a 40-year history in the healthcare industry.  Along the way, hospitals, systems and IDNs have developed, sometimes in a vacuum, their own value analysis model.  Based on our empirical experience, here are the four stages of value analysis maturity and where we see healthcare organizations on this continuum:

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Five New Stratagems That Will Transform Your Purchase Service Cost Management Efforts Evermore

I think that just about everyone in healthcare supply chain/value analysis management realizes that there are savings in the range…

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Four Ways Your Supply Value Analysis Program Needs to Evolve in 2019

If your supply value analysis program doesn’t evolve, trust me, it will eventually stagnate.  This is because you can’t be…

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Three Ways That a Strategic Vision Can Make Your Value Analysis Teams Invincible

We are always preaching that a Strategic Value Analysis Plan (revised annually) is mission critical to your value analysis program’s…

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