Value Analysis 101 How to Select VA Projects for a Value Analysis Study That Will Yield Big Savings and Quality Improvements Robert T. Yokl, President/CEO, SVAH Solutions
Value analysis is too often thought of by value analysis practitioners as a vetting tool for new product, service, or technology requests, or to evaluate new or renewal GPO contracts. While value analysis can be used for these purposes, it was originally designed to determine whether you are buying the right product, service, or technology for the right functionality. Consequently, VA isn’t being utilized to its fullest capabilities at most hospitals, systems, and IDNs. The purpose of value analysis is the study of function and the search for lower-cost alternatives with equal or better quality. Here are some ideas on how to get started on the path of doing so.
Three Most Productive Methods to Select Value Analysis Projects to Save Even More Money If you aren’t employing Value Analysis Analytics™(*) to select your projects for a value analysis study (i.e. in-depth functional analysis of one or more of the products, services, or technologies you are buying) here is a list of three alternative VA project selection methods to do so:
Volume 8/Issue 2
Healthcare Value Analysis & Utilization Management Magazine
24
