4 Strategic Reasons Why You Need to Lock Down Your Price, Standardization and Value Analysis Savings
Healthcare supply chain and value analysis professionals are continuously estimating projected and promised savings on their price, standardization and value analysis savings. Yet, an estimate or promise of savings in today’s healthcare economy isn’t good enough for the following strategic reasons: Savings Budgeted by Finance: It is our estimated that 57% and growing of all […]
Podcast 42 – 4 Things Supply Chain Leaders Need to Know about the Benefits of Benchmarking
If you are a frequent reader of our blog, you would know that we are very high on hospital supply chain benchmarking because it will make your supply chain operation better than just good. Yet, for those who still doubt the benefits of healthcare supply benchmarking here are four things you need to know to change […]
Why It’s Almost Impossible to Learn Much from Another Value Analysis Program and What to Do About it
I just recently viewed two value analysis program presentations given at a national supply chain conference by two seasoned value analysis practitioners. These presentations had nothing in common, except both presented there VA programs highlights on PowerPoint slides. As was once said, “If you have seen one healthcare value analysis program, you’ve seen one healthcare […]
5 Mission Critical Benefits of Developing a Strategic Value Analysis Plan to Re-energize Your VA Program
We often hear from value analysis practitioners who have been on their VA job for one, two or even three years who are now asking themselves….” what is next with their value analysis program or is facilitating new product introductions or GPO contract evaluations all there is to value analysis?” Our answer to this question […]
3 Surefire Ways to Perform Evidence-Based Value Analysis
We have been hearing a lot about evidence-based value analysis in our hospital supply chain conferences and publications, yet there hasn’t been a lot of information on how to apply this concept. Especially, since out of the hundreds of thousands of products, services and technologies healthcare organizations buy each year there are only a few […]
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 searches are too far-reaching to be useful. Alternatively, benchmarking can be the door that opens the secrets of success for supply chain leaders if benchmarking is understood organically and applied artfully. To help you on […]
Think of Your Healthcare Organization’s Value Analysis Process, Not Its Workflow, as the Secret to Your Ongoing VA Success
Most healthcare organizations’ value analysis leadership think of their value analysis process as their Value Analysis meeting’s workflow (i.e., the sequence of steps a new product request form passes through prior to approval or denial) as opposed to the number of scientific phases (i.e., understanding phase, investigative phase, speculation phase, analytical phase, planning phase, and […]
5 Brilliant Ways to Look at the Big Picture – the Hows and Whys
There are so many more areas to track and manage for your value analysis and supply chain savings and quality improvement programs, but these are good to start with. 1. Look at Your Healthcare Organization’s Bottom Line – Why? You must always know where you stand with your overall organizational goals. You don’t want to be blindsided. How? Track your net operating expenses […]
New Clinical Supply Utilization Video
Want to know more about how you can take advantage of Clinical Supply Utilization Technology to continually save your clinical departments and hospital more dollars in less time and with less effort? Why take weeks, months, or even years to perform Utilization Management when you see it in minutes with CSUM Software! Fill out […]
The Right Way: Sustainable Targeted Cost Savings
We can’t count the number of times a hospital supply chain manager has told us that his or her goal is to save 3, 5 or even 10 million dollars in supply chain savings as a one-time event. However, as HealthLeaders media so wisely says, “One-time slashes are not a long-term solution, you need smart, […]