Value Analysis Recall Advisor

Tracey Chadwell

Tracey Chadwell has 30 years of clinical and supply chain experience driving clinical and operational performance improvement, demonstrating significant returns on investment through clinical utilization management of resources and operational cost savings. Her experience covers aspects of supply chain including data analytics, operational efficiencies, internal and external customer relations, GPOs and contracting, and consulting in these areas. Her experience in value analysis includes leading a program, developing or refining existing programs, and implementing millions of dollars in savings through various healthcare organizations. This included operational and clinical process improvement programs which contributed to cost savings in both labor and nonlabor expenses.

This year, Tracey started her own consulting enterprise, TACH Consulting. Prior to joining that, she worked as a senior director of the clinical advisory specialists for Intalere, serving as an SME and trusted advisor to their members, as well as providing consulting services in supply chain and value analysis. In addition to her 10 plus years as a bedside nurse and manager, she has also worked as a consultant for value analysis and service-line analytics for two large GPOs.

Tracey has also been active with state healthcare organizations in all classes of trade, providing educational presentations and advisory services. She has appeared on several podcasts, such as Power Supply and The ASC Podcast as well as several industry blogs. She is a member of the Association for Healthcare Resource and Materials Management (AHRMM) and the Association of Value Analysis Professionals (AHVAP).

Your Purchase Costs Are Only the Tip of the Iceberg

Robert T. Yokl, President/CEO, SVAH Solutions

We all understand the concept of an iceberg that has three-quarters of its mass submerged under the waterline. Well, this same concept can be applied to value analysis since it too represents three-quarters of the savings available to your healthcare organization under the waterline. These unwanted and unneeded costs are represented by five categories of supply chain savings as follows:

1. Non-Conforming (Over-Specified or Underspecified) Products, Services, and Technologies: A 100-bed hospital standardized on a stapler gun with a unique feature (articulating arm) for abdominal surgery that a value analysis team confirmed wasn’t needed for all surgeries. This hospital saved $32,000 (26%) annually when the practice was changed to only using this specialized stapler gun when it was medically required, not for every abdominal surgical case.

2. Feature-Rich Products, Services, and Technologies: Your customers don’t need everything (i.e., aesthetic functions – nice to have, but not medically required) they are requesting