Value Analysis Software Makes Your Job Easier

Value Analysis Software Makes Your Job Easier
Robert T. Yokl, President/CEO, SVAH Solutions

Let Technology Up Your Value Analysis Game

Value analysis software is here to stay in the healthcare supply chain and there are good reasons why. Those who employ value analysis software at their hospital, system, or IDN know that it easily consolidates all of their information in one platform. This aids in vetting new product, service, and technology requests and can provide important resources for evidenced-based decisions. Slowly and surely, the days of value analysis professionals toiling with multitudes of Word documents and spreadsheets that create even more work can be behind you if you embrace and deploy one of the versions of value analysis software on the market today.

There Is Always A Better Way

There is always a better way for value analysis professionals if they aren’t stuck in the “this is how we always did it” mode. This thinking is a recipe for disaster for those who don’t know what they don’t know because they are just too caught up in the day-to-day processing of new product requests, recalls, and GPO contract conversions to realize there is a better way.

Let’s face it, today’s value analysis professional’s job is much more challenging than it has been in the past. The dynamics have changed, the players are smarter, and your customers want better reports, better decisions, and faster response times on their new product requests. How can you improve when you are still working with spreadsheets, Word documents, or dare I say, paper documentation – yikes!

Case Study: 6,000 New Requests To Control Manually

I recently spoke to a Value Analysis Manager whose health system had processed over 6,000 new product requests the previous fiscal year. This number blew my mind since I calculated that it represented 23 new product requests a day. Even worse, this healthcare organization only had three value analysis professionals to manage all of these thousands of requests. I concurred that this task was overwhelming for these value analysis professionals and would have been a heck of a lot easier if this organization had value analysis software. Could your healthcare organization be experiencing this same challenge that value analysis software will solve? By the way, there is a happy ending to the story I just told you. The Value Analysis Manager I just spoke about is budgeting for value analysis software in 2022.

About Robert T. Yokl, Founder & Chief Value Strategist for SVAH Solutions
Robert T. Yokl is President and Chief Value Strategist at SVAH Solutions. He has four decades of experience as a healthcare supply chain manager and consultant, and also is the co-creator of the Clinitrack Value Analysis Software and Utilizer Clinical Utilization Management Dashboard that moves beyond price for even deeper and broader clinical supply utilization savings. Yokl is a member of Bellwether League’s Bellwether Class of 2018.

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