Tag: "savings"

How is Your Value Analysis Pipeline?

How is Your Value Analysis Pipeline?

Robert W. Yokl, Sr. Vice President/COO, SVAH Solutions There are so many different methods, strategies, and configurations of value analysis teams/committees around the country, but there is one underlying element that every team must have in order to be successful – a good pipeline. This term is a sales terminology that companies use to predict where their […]

Stumbling Around Vs. Targeting Your Clinical Supply Utilization Savings

Stumbling Around Vs. Targeting Your Clinical Supply Utilization Savings

David Hinkle, Independent Supply Chain Consultant, Issaquah, Washington When I first started out in supply chain management we didn’t use a lot of metrics to analyze our supply chain expenses. However, we knew if a certain department was over or under their budget. Yet, there was very little to tell us why this was happening. I’d just get a […]

Knowledge is Power if you Enhance Your Supply Chain Expense Data to Produce Meaningful Metrics

Knowledge is Power if you Enhance Your Supply Chain Expense Data to Produce Meaningful Metrics

Robert T. Yokl Data in and of itself is useless, but if enhanced with clinical, financial and supply chain information to produce meaningful metrics it can become a powerful tool to uncover savings opportunities, quality and safety defects and even predict events in your supply chain streams that you would want to know about.   Wouldn’t it […]

A Blueprint for Greater Performance and Focus In Value Analysis and Supply Utilization Management

A Blueprint for Greater Performance and Focus In Value Analysis and Supply Utilization Management

Robert T. Yokl, President, SVAH Solutions We know from experience that any system as a whole is greater than its parts. It’s the same with value analysis (VA) and supply utilization management (SUM) practices. As standalones, the savings techniques of value analysis and supply utilization management can be very effective, but employed together they can […]

What’s Your Value Analysis Onboarding Process?

What’s Your Value Analysis Onboarding Process?

James Russell, RN-BC, Value Analysis Facilitator, UF Health at Jacksonville “What’s your value analysis onboarding process?” During an interview for a Value Analysis Facilitator (VAF), we had a candidate ask this question. We looked at each other and thought, “Well, we show you where your office is, give you a code to get into the […]

Incorporating Supply Utilization Management (SUM) Into Your Value Analysis Program

Incorporating Supply Utilization Management (SUM) Into Your Value Analysis Program

Sum Will Help You Overcome the Three Biggest Challenges Value Analysis Teams Face Robert W. Yokl As value analysis professionals we would like to think that we can stick strictly to our set disciplines, methodologies, and processes and in the end gain the big quality and savings results that are needed for our healthcare organizations. […]

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 […]

Re-Energizing Your Value Analysis Program

Re-Energizing Your Value Analysis Program

Robert W. Yokl As we begin this New Year of 2016, I thought I would offer my view on how to get unstuck from the endless loop of our supply/value chain worlds. The goal would be to freshen up, enthuse, and motivate yourself and your teams to get even more results than you ever thought […]

Why You Need to Focus on Supply Utilization Management

Why You Need to Focus on Supply Utilization Management

Robert T. Yokl, President/CEO, Strategic Value Analysis in Healthcare We know that value analysis practitioners are hungry for big savings to justify their existence in their healthcare organization. Since new GPO contracts and departmental requests usually cost a hospital, system or IDN money, how do value analysis practitioners make this goal happen? Well, the best way that […]

It’s Time to Stack the Deck in Your Favor

It’s Time to Stack the Deck in Your Favor

The other day I completed a new SMART Success Value Analysis Model for a major product group for one of our large IDN customers. This new SMART Model is intended to highlight all of the areas of opportunity to reduce costs within this product category along with guiding protocols. The next day I went back over […]

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 […]

How to Select Your Value Analysis Projects

How to Select Your Value Analysis Projects

The Key to Value Analysis Success is Having the Right Items On Your Agenda Every Time How are you selecting your value analysis projects? Is it organized, systematic, and foolproof or is it left to others to decide? It is our goal with this article to give you a framework to select the best projects […]

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 […]

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