Value Analysis

Value Analysis: It’s All About Data

James Russell, RN-BC, MBA, Value Analysis Facilitator VCU Health System, Richmond, VA After price is whittled down as low as it can go, utilization can offer an avenue for cost savings. However, without good data, […]
Value Analysis

How To Avoid “Group Think”!

You need to diversify your VA team’s membership to energize your team. When selecting or replacing your value analysis team membership, you need to consider the diversity of your team’s members. Do they look alike, […]
Value Analysis

What You Can’t See Will Hurt You

Most of your new saving opportunities are below the water line. We like to equate supply chain expense savings to an iceberg! Above the waterline are your price and standardization savings, which are easily identified. […]
Value Analysis

The Evolution of Value Analysis

Michael Bohon, Founding Principle, Healthcare Solutions Bureau Twenty-seven years ago, I unexpectedly found myself working in the supply chain sector of the healthcare industry in Arizona. For nineteen years prior to that I was also […]
Value Analysis

Show Me The Evidence

Dee Donatelli, RN, BSN, MBA, Sr. Vice President, Provider Services, Hayes, Inc. “Insanity is doing the same thing over and over again but expecting different results." Whether we should attribute this maxim to Ben Franklin, […]