Healthcare Value Analysis Hospital Consulting and Benchmarking for Supply Chain Savings

One of the top 10 mistakes that value analysis practitioners make when they are assigned a value analysis study is that they don’t data mine to hunt for predictive information that can lead them to those big and little pearls of discovery.

This is because it is much easier to stop at the first savings that is identified (usually a price savings) in a VA study and then call it quits. Remember, price is just the tip of the iceberg and that 79% of all NEW supply chain expense savings is to be found underneath the iceberg.

Case in point! A few years ago I performed a value study on diabetes tests where I quickly found that my client could save 11% (or $8,234) by jumping on a new GPO contract, but I didn’t stop there with my study. I then data mined my client’s test utilization and found that they were utilizing 7x more tests or $64,234 then their peers. Further investigation and observations uncovered that my client’s diabetes test strips were defective thereby their nurses had to use two test strips before obtaining an accurate reading. Once this defect was eliminated the total project savings for my client resulted in a $72,468 yield!

If I would have stopped my value study when I uncovered the $8,234 in price saving for my client I would have missed altogether 90% of the savings available on this project. The term “Doing it with data” isn’t just a nice phase to quote, it’s the central part of any value analysis study.

More importantly, data mining is the future of supply chain expense management! Don’t ever miss this step (doing it with data) in your value analysis process, or you will leave millions of dollars of savings on the table – untouched.

P..S. If you would like to do more with data the easy way, check out our Utilizer™ Dashboard which makes all of your savings come to you.

How Good is Your Supply Chain Radar?

Do you need to pinpoint where your supply utilization savings are hiding?

The term radar (radio detection and ranging) was coined in 1941, to describe a new technology that detected the altitude, direction and speed of fixed and movable objects, such as airplanes, ships, motor vehicles, weather and terrain.

Radar worked so well in WWII that it is credited as one of the reasons the Allies won the war.

What makes radar so powerful is that it can pinpoint the exact location of something even when other search methods have failed.

Now, take the radar analogy and apply it to your healthcare organization. The bottom line is that price is no longer king, and we’re in turbulent economic times. You NEED something to help you pinpoint where your savings are hiding if you’re to meet your benchmarks and savings goals.

That’s where our Utilizer™ Dashboard comes to the rescue!

You’ve got to attack unnecessary spending!

Just the other day, a material manager (MM) told me that she oversees 26,000 products, services and technologies, but has no way of knowing which are out of cost control at any given time. As a supply chain professional, you know what that’s like. You must hold your total supply cost to the absolute minimum—and doing this requires vigilance.

There’s no better way to be on the lookout for savings opportunities than with your own supply chain radar! The Utilizer™ Dashboard is exactly that! It will help you detect the waste, inefficiencies, misuse, misapplication and value mismatches in your supply chain before they inflict serious damage to your bottom line. Some of these misuses and mismatches are costing your healthcare organization anywhere from four to 11 percent in lost savings opportunities every month, quarter and year you continue to fly blind.

This savings computes to 1 or 2 million dollars per 100 occupied beds. So if you have 180-occupied beds, this could mean 1.8 million to 2.8 million going right to your bottom line—which isn’t small change when you consider that your price savings are disappearing every day.

Utilizer™ Dashboard is Fast, Easy, Efficient Radar—We Do the Heavy Lifting!

Because supply chain professionals have such limited time, it’s critical that when value analysis tools are employed, they provide a high ROI and require very little time and effort to be deployed by supply chain managers. To our delight, that’s exactly how our new Utilizer™ works. We do ALL the heavy lifting, and you reap all the savings.

You Get More with the Utlizer™ Dashboard, Including Training in an

Award-Winning Value Analysis Program

When you use the Utilizer™ Dashboard, you aren’t just getting a software program and a “Best of luck,” from us. We want you to succeed and see the value in this revolutionary program, so included in your purchase of the Utlizer™ Dashboard is a FREE Advisory Service that guides you through the implementation process to quickly and easily make your savings happen!

As a bonus, we will also train your value analysis team in our award-winning advanced value analysis training program to smooth the road to change for you. You’ve got nothing to lose and everything to gain, so give us a call today and start seeing immediate savings opportunities with the Utilizer™ Dashboard.

What People Are Saying about the Utilizer™ Dashboard

“I thought the Utilizer™ Dashboard would require more time—that I didn’t have—to manage it. To my surprise SVAH, as promised, did all the heavy lifting and showed me where my savings were hidden, which actually saved me time. ”

“I believe that the Utilizer™ Dashboard is the right product at the right time at the right cost to drive out all of my supply chain waste.”

Quickly Schedule Your “Test Drive” Today!

Yes, call me to schedule my “Test Drive” today so I can see for myself the UTILIZER™ Dashboard in action and find out how I can take my supply chain to the next level of savings performance.