savings Archives - Page 8 of 9 - Healthcare Value Analysis and Utilization Management Magazine

Value Analysis: It’s All About Data

May 13, 2013 Robert Yokl Comments Off

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, […]

Expectations Are Higher for Value Analysis Than Ever Before!

May 9, 2013 Robert Yokl Comments Off

>Bigger Savings Goals >More Accountability >Better Attention to Evidence >Quality Improvements >Reduce Infection Rates >Collaborate with Clinicians How do you take your Value Analysis Program to the whole new level that your senior leadership now […]

Value Analysis Steering Committee: A Value Analysis Prerequisite

April 29, 2013 Robert Yokl Comments Off

In each issue of HVAM we will provide our readers with the one basic proven and time tested tenet of value analysis to assist you to refine, enhance, and advance your value analysis processes. If […]

What You Can’t See Will Hurt You

April 11, 2013 Robert Yokl Comments Off

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. […]

Navigating Uncharted Waters of Supply Utilization Management

February 18, 2013 Robert Yokl Comments Off

Traditionally, the Healthcare Supply Chain saving game has been greatly influenced by the “price” savings opportunities offered by group purchasing contracts, standardization, and capitation. Unfortunately, we are not seeing the ROIs from these major savings […]

Why Utilization Management is More Important than Ever Before!

February 15, 2013 Robert Yokl Comments Off

An Important and Timely Message from Robert T. Yokl When I look at the Affordable Care Act’s new Value-Based Purchasing (VBP) Prospective Payment System that was implemented in October of 2012, I get the feeling […]

Reduce, Control and Eliminate Wasteful and Unnecessary Supply Utilization Practices

February 14, 2013 Robert Yokl Comments Off

Go beyond price and standardization to save more in less time Traditionally, healthcare organizations have focused their value analysis efforts on lowering the price and standardizing on the products, services and technologies that they are […]

The Seven-Percent Savings Solution

February 13, 2013 Robert Yokl Comments Off

Why do we continue to pursue 1%, 2% or 3% savings solutions (i.e., price), when a 7% savings solution (i.e., utilization) is just as easily obtainable? For instance, I know of healthcare organizations that have […]

Turning Utilization Best Practices Into a Major Advantage

February 12, 2013 Robert Yokl Comments Off

Why best practices need to be understood and investigated

While presenting a supply utilization savings

[…]

Control and Verify Your Savings Before, During and After Implementation

February 11, 2013 Robert Yokl Comments Off

Assume nothing, verify everything with your own eyes! Did you know that the word “savings” is the most misunderstood word in our supply chain business? We use it every day to describe cost reductions and […]

5 Building Blocks of World-Class Value Analysis

February 6, 2013 Robert Yokl Comments Off

Understanding the key underlying concepts to propel you forward

Value analysis has its roots in World War II, when

[…]

Why Supply Utilization Management is Significantly Different Than Value Analysis

February 4, 2013 Robert Yokl Comments Off

There is a 500 pound gorilla in our supply chain that represents huge savings we are not addressing because of this misunderstanding. Value Analysis has been around for years, and has evolved into being the […]

Benchmarking Still Drives Savings

January 30, 2013 Robert Yokl Comments Off

Industry embraced a simple idea in the 1980s. The idea was that it was possible to search for the best practices that will lead to superior performance by comparing cost, time or quality of one […]