Podcast 45 – Hands Down the Best Tool in the Healthcare Supply Chain – Continual Benchmarking

By Robert Yokl | March 10, 2019 | Comments Off on Podcast 45 – Hands Down the Best Tool in the Healthcare Supply Chain – Continual Benchmarking

Benchmarking is nothing new to the healthcare supply chain and clearly you are thinking right now that, “We Benchmark at…

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

By Robert Yokl | March 5, 2019 | Comments Off on 3 Powerful Tactics to Ensure Your Healthcare Organization Has a Foolproof “Closed-Loop Savings Verification” Process
Hospital Supply Chain Closed Loop Savings Verification

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

The Science of Better Healthcare Value Analysis Meetings

By Robert Yokl | February 26, 2019 | Comments Off on The Science of Better Healthcare Value Analysis Meetings
better hospital value analysis team meetings

There is a great deal of research into what makes meetings (including healthcare value analysis team meetings) work, but four…

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

By Robert Yokl | February 19, 2019 | Comments Off on 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.

A Back to Basics Approach to Big Supply Chain Double-Digit Savings Results

By Robert Yokl | February 12, 2019 | Comments Off on A Back to Basics Approach to Big Supply Chain Double-Digit Savings Results

We all are looking for new strategies, tactics or techniques to improve our supply chain  savings yield.  Yet, have you ever considered that going “ Back to Basics” as the best course of action to gain double-digit savings results? If not, here is a checklist of six strategies, tactics or techniques you need to revisit every year to get your savings engine in high gear:

Collaboration with Customers, Suppliers and Even Competitors is Your Greatest Opportunity for Success

By Robert Yokl | February 5, 2019 | Comments Off on Collaboration with Customers, Suppliers and Even Competitors is Your Greatest Opportunity for Success
hospital value analysis collaboration

More than 70 percent of healthcare supply chain executives, in a McKinsey survey, identified collaboration with their customers, suppliers and even competitors as the greatest opportunity for their supply chain expense management reductions.  Here are some ideas on how to collaborate with these stakeholders or competitors in your supply chain success:

5 Benefits of a Defined Repeatable Hospital Value Analysis Process Made Simple

By Robert Yokl | January 29, 2019 | Comments Off on 5 Benefits of a Defined Repeatable Hospital Value Analysis Process Made Simple

One of the simplest ways to boost the productivity, accountability and savings for your value analysis program is to have…

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

By Robert Yokl | January 22, 2019 | Comments Off on The Four Stages of Value Analysis Maturity: Where Do You Fit into this Continuum?
hospital value analysis

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:

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

By Robert Yokl | January 17, 2019 | Comments Off on 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…

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

By Robert Yokl | January 8, 2019 | Comments Off on 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…