June 11

Healthcare Value Analysis: Back to Basics, Forward to Savings

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Have you ever asked yourself, “What is the ideal management system that my healthcare organization should be employing to manage our limited resources? What techniques, tools, and philosophies should we be adopting to ensure we are staying ahead of our competition and always meeting our customers’ requirements precisely?” To answer these questions, go back to the basics instead of being seduced by the latest management fads and trends that promise quick and easy answers. The only precise measurement of success for any organization that is reliable and results oriented is VALUE ANALYSIS. 

Value analysis can put your healthcare organization on the road “back to basics and forward to fundamentals,” as stated by Louis J. DeRose. Specifically, it will enable you to master the art of understanding VALUE as your customers actually perceive it. Value analysis will assist you in managing time, waste, and limited resources for valued results in all key activities and processes, and utilize cross functional teams to harness the power of your own employees to uncover and eliminate all of the non-value added products and services. DeRose tells us that, “managing for value results is a rationale that is continuing and constant. It is a rationale that provides purpose and objective, regardless of changes in the technical, economic, and competitive environment.” No matter what changes in the market in the future, applying the concept of VALUE ANALYSIS will put your healthcare organization on solid ground for decades to come.


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healthcare, healthcare organization, Healthcare Value Analysis, limited resources, value, value analysis


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