Value Analysis 101
Robert T. Yokl
Measuring Value in Value Analysis Can Be Easier Than You Think
Price can be measured quickly, but value measurements take some time. Yet, that’s what value analysis is all about: Measuring the value of the products, services, and technologies you are buying compared to the marketplace. If done correctly, this is where you can save a ton of money. If You Don’t Have Another Measurement, You Default to Price Hundreds of values analysis practitioners’ decisions are made daily based on just one factor - price. This is because value analysis practitioners don’t believe they can easily measure the value of their products, services, and technologies they are buying by any other measurement. However, this is a myth that needs to be put to rest so value analysis practitioners can benefit from the true value of value analysis. By doing so, value analysis practitioners will open up a whole new world of savings for their healthcare organization. Remember, price is the lowest cost element in the value analysis equation.
Volume 5/Issue 1
Healthcare Value Analysis & Utilization Management Magazine
16
