Category: Cost Management

PPI Value Analysis and Standardization Success Through Vendor Partnering: A Case Study of Hernia Mesh Savings and Quality Improvement at Thomas Jefferson University Hospital

PPI Value Analysis and Standardization Success Through Vendor Partnering: A Case Study of Hernia Mesh Savings and Quality Improvement at Thomas Jefferson University Hospital

Miller, Susan G.1 MN, RN, CMRP and Bourque, Megan2 PhD    1Thomas Jefferson University Hospital, Philadelphia, PA 2Cornerstone Research Group, Burlington, ON Why Standardization was Important At Thomas Jefferson University Hospital (TJU), reducing supply costs is an organizational imperative. Standardizing product lines to one vendor is just one way in which TJU is tackling increasing […]

A Strategic Approach to Cost Containment  In Hospitals

A Strategic Approach to Cost Containment In Hospitals

How Many C’s Are In Success? Maureen Hazen, RN, MHA, Associate Director, Berkley Research Group’s Healthcare Practice and Robert Andrzejewski, MS, Associate, Berkley Research Group’s Healthcare  In today’s economic environment, hospitals are being forced to make some deep rooted cultural changes to succeed. Leaders take responsibility for the direction of their teams but are also tasked […]

Supply LifeCycle Cost Management TM

Supply LifeCycle Cost Management TM

As this issue of HVAM suggests, the new healthcare economy is all about saving time, controlling costs, improving quality, and expanding the scope (population management) of your healthcare organization’s services. It is our opinion that the best way for supply chain professionals to meet these multifaceted challenges is to embrace the concept of Supply LifeCycle […]

Connecting the Dots: Time, Cost, and Quality

Connecting the Dots: Time, Cost, and Quality

It’s important to master all three cost drivers. Value analysis is an interconnected process centering on time, cost, and quality. If you aren’t focusing on all three of these elements with your value analysis program, you aren’t maximizing your outcomes. In this article, we will explore all three elements in detail and why they are […]

Double-Barrel Approach to Value Analysis

Double-Barrel Approach to Value Analysis

Cutting Costs and Waste While Also Improving Quality The late and great comedian, Rodney Dangerfield, always talked about not getting any respect in his daily life. He once said, “Last week I told my psychiatrist that I keep thinking about suicide. He told me from now on I have to pay in advance.” Well, I […]

The New End Game!

The New End Game!

Life cycle cost is the forgotten goal of all our cost and quality challenges. Every day we hear about all the latest and greatest new strategies, software, tools, and contracting methods that overwhelm us in our supply chain jobs. Granted, we still have to maintain our operational effectiveness while pursuing these new and maybe risky […]