Value Analysis Strategies
Strategic Value Analysis Planning Thomas Carlyle once said, “Nothing is more terrible than activity without insight.” Yet, most value analysis initiatives are launched, re-launched or tweaked with much activity, but with little or no planning.
Then, to everyone’s surprise, the inevitable happens a few months or a year
down the road – the value analysis initiative fails to meet its stated goals and objectives. Or, worse yet, is perceived by your clinicians as a cost cutting vehicle that is dramatically reducing the quality of the hospital or system’s products, services, and technologies. How can we avoid this activity trap? To avoid this eventuality, it should be your goal to develop a comprehensive “Based on our experience, this journey Strategic Value Analysis Plan (SVAP) starts with finding a champion to spon- to be utilized as a roadmap to sor your new or refined supply value establish, refine or reinvent your analysis program” supply value analysis program. It’s important to understand that while bottom up VA initiatives are commendable, what works best is when a hospital or system’s executive management team buys into, is committed to, and sets the tone and direction for any VA initiative. Based on our experience, this journey starts with finding a champion to sponsor your new or refined supply value analysis program from within your healthcare organization’s executive management team.
Fall 2012
Healthcare Value Analysis Magazine
www.ValueAnalysisMagazine.com
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