Is your value analysis program a strategic asset that your health system can rely on to lead the way to the next generation of cost optimization and quality performance? Of course, everyone is going to answer yes as we all feel that our VA programs are doing stellar things and getting the job done. But is it part of your healthcare organization and Supply Chain’s strategic plans? Or do you not even envision your VA program to be worthy of organization-wide strategic plans?
When the Gauntlet is Thrown Down, Value Analysis Can Handle It
Most health systems set four to five operational goals that the entire organization will undertake each fiscal year. Real examples of some of these goals/objectives might be to switch over to an Epic or Cerner system, switch group purchasing organizations, eliminate infection rates, or cut budget expenses by 10% overall. I guarantee that your organization is working to complete their goals in your current fiscal year and formulating their next round of goals for the next fiscal year. Has value analysis ever been in any of those strategic plans?
VA is Up for the Task
Organizations that we have worked with have strategically included their VA programs in their organization-wide fiscal goals and objectives which means many others have also included VA on their own. The bottom line is, those health system C-Suite Leaders who believe in the power of value analysis know that they can throw down the gauntlet and fire up their VA engine and assign it the responsibility to achieve the results needed in the health system’s strategic plan/goals and objectives. Is your VA program ready to take on monumental goals such as to reduce all product related infections or reduce costs by 10% organization-wide?
It’s Time to Think Bigger and Do More!
Your healthcare organization is going to need your value analysis program to step up and lead in strategic areas that are necessary to improve the bottom line and quality outcomes. Take a step back and look at your VA program today and see where you need to fill in the gaps, increase your capabilities, or train your teams to be able to take on a whole new level of savings or quality improvement. Why wait for your organization to throw down the gauntlet on a major goal/objective? Try to identify where you can move the needle now and set your VA program up for success.
You Can Take on Big Goals and Objectives
In the health systems that we have worked with that have chosen their VA program to be the catalyst for positive change such as reducing/optimizing costs, I have never seen any fail. When the commitment is there and support for the program (SVAH provides that) is available, setting major savings goals like $24 million out of the supply budget in the fiscal year is possible. This requires a new strategic mindset, but you can do this just like the organizations we work with. Where can you take your program to today, tomorrow, and next year?
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