Robert W. Yokl, Sr. Vice President/COO, SVAH Solutions What if you knew that your overall supply utilization (total cost per operating metric) was at best practice levels for the commodity and/or product group you are about to enter into contract negotiations on. Would this change your mindset on how you go about negotiating the terms of […]
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 […]
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 […]
Leading Cost and Quality Strategies for the Healthcare Supply Chain The Latest Issue of Healthcare Value Analysis and Utilization Management Magazine is now available online View the Issue here Inside this Issue FEATURED ARTICLE: A Collaborative VA Approach to Solving a Big Problem by James Russell, RN-BC VALUE ANALYSIS ADVISORS: Are Your Suppliers […]
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 […]
Alan Weintraub, FABC, Chief Procurement Officer, Enloe Medical Center, Chico, CA I heard it again the other day. I was reading an application from a job candidate and there it was on the application – “chaired the product standardization committee.” For so many years in the hospital and healthcare industry, it has been the dominant paradigm […]
James Russell, RN-BC, Value Analysis Facilitator VCU Health System, Richmond, VA One of the best things about being a Value Analysis Facilitator is the ability to help shine a light on other efficiency-minded folks in an institution. At the Virginia Commonwealth University Health System (VCUHS), some of the best Value Analysis ideas come from the […]
Price and standardization are important up to a point, but if you aren’t focusing your supply chain expense management efforts on utilization management — where it matters most — you are losing the opportunity to save 7% to 15% on your total spend…period! Slippery Slope We often talk about utilization management in these terms: If […]
Utilizer® Dashboard Turning Skeptics into Believers! Even our Utilizer® Dashboard clients were at first skeptics, until they saw the results of their new and better savings opportunities A typical Utilizer® Dashboard client can yield as much as 7% to 15% in supply utilization savings in less than one year! Are you a skeptic or a believer? […]
1. It’s the future of supply chain expense management. Price and standardization have been the primary supply chain cost containment strategies for decades. Now that these sources are waning, there is nowhere else to go for savings other than utilization management. 2. It’s a problem that's bigger than you might think. We estimate that one […]
www.utilizerdashboard.com – Saving millions for hospitals and healthcare organizations throughout the country Fill in the blanks about your Price Savings ( ) Are your group purchasing savings becoming smaller and smaller? ( ) Is your product standardization substantially completed? ( ) Have you had increases in your group purchasing contracts last year? ( ) Are you scraping the barrel […]
Do you have all of your supply expense management bases covered? It wasn’t so long ago that price and standardization was king in supply chain management circles. All you needed to do was join one or two GPO’s and then maximize your compliance, and you where home free. Then products, services, and technologies became so […]
Not all standardization is good for your healthcare organization’s bottom line. For over 40+ years, the healthcare supply chain industry has espoused standardization as a technique of choice for reducing and controlling their costs. I cannot argue that if implemented strategically this will definitely reduce your supply costs. Unfortunately, we have seen hundreds of supply […]
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