We are often asked to build into our value analysis software products metrics, like cost per adjusted discharge per new product request, that to us don’t seem to have any bearing on the success of a healthcare organizations value analysis program. That’s why it is crucial to the success of your supply chain operations to measure what matters and eliminate measurements that have no impact on your supply chain performance.
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.