6 Key Elements for Having an All Encompassing Total Value Analysis Program

Healthcare value analysis practitioners need to think more about long-term results vs. short-term gains (e.g., GPO contracts implementation) to up…

Continue Reading →

Leveraging Three Healthcare Value Analysis Analytics Insights to Discover New Savings You Never Thought Was Possible

Most healthcare supply chain organizations have only scratched the surface of what’s possible when you take an analytical, data-drive approach to value analysis.  It means spending less time trying to obtain better prices and standardizing on anything that moves and isn’t alive and more time uncovering those hidden patterns, trends and anomalies in your healthcare organization’s supply streams.

Continue Reading →

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.

Continue Reading →

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:

Continue Reading →

How to Sell the Concept of Supply Utilization Management to Your Senior Leadership

Up until recently, supply expense management was all about best pricing, standardization and compliance to GPO contracts; that’s how supply…

Continue Reading →

3 Benchmarking Best Practices That are Essential for Your Hospital Supply Chain Success

Healthcare Supply Chain Benchmarking* often gets a bad rap because its practitioners use imprecise measurements, there data is incorrect, or…

Continue Reading →