Value Analysis Benefits 5 Major Benefits of Healthcare Value Analysis Why let these diamonds in your backyard go undiscovered?
Like our counterparts in the business world, we must now look to cost reductions as the next big revenue source for our healthcare organization, so it can thrive and flourish while we adjust to the impact of the Affordable Care Act and the market forces of change surrounding it.
One low cost yet high yield methodology in your arsenal is value analysis.
This can give you the next level of savings while maintaining and/or improving the
“It is time that you take a hard look and recommit your entire organization to the major benefits of a value analysis program�
quality of patient care. It is time that you take a hard look and recommit your entire organization to the major benefits that you can and will receive by enhancing your new and/or existing value analysis program. Here are the five major benefits that your healthcare organization
should be receiving from your current or upgraded value analysis program: 1. Dramatically Reduced Costs – Done correctly, with the right tools and systems in place, value analysis can offer double-digit savings opportunities beyond simple price negotiations or group purchasing contracts. Given the ratio of savings to revenue dollars, which can range from a low of 1:10 to as high as 1:30 savings to revenue ratio, it would take $10 to $30 in new revenue to generate the same bottom line results. Our business counterparts in industry have been generating profits in the weakened economy in this way. The same strategy is available to your healthcare Fall 2012
Healthcare Value Analysis Magazine
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