Strategic Value Analysis In Healthcare

“Hoping To Save Money Isn’t a Strategy, But Developing A Defined, Repeatable And Proven Money-Saving System Is”

Our studies show that most healthcare organizations are “Winging It” when it comes to reducing their supply chain expenses beyond price. Meaning, these organizations don’t have a defined, repeatable and proven money-saving system to manage and control their supply chain Savings Beyond Price^TM. They would rather hunt, peck, fall, stumble, guess, presume and speculate their way to achieve some supply chain savings -- time after time after time.

Let’s take this idea to the extreme. What if you were to “Wing It” with the management and control of your warehouse inventory? You would guess your reorder points, you would presume to know your lead times and speculate on how much to order -- time after time after time. I would hypothesize that your stockouts in the scenario I just described would be about 52% or more. On the other hand, if you had a defined, repeatable and proven system to determine these inventory parameters your stock-outs would be in the 2% range.

So, if they are utilizing a system to manage and control their inventories -- which most hospital are -- why then do 93% percent of supply chain professions believe they don’t need a money-saving system to manage and control their supply chain expenses?

7 Reasons Why You Need A Money-Saving System

“Winging It” feels good because there isn’t any pressure on you to be successful, because no one can measure what you are doing and find out you are faking it. Just look alert, attentive and busy and hope no one will find out that you are “Winging It”! Or, you can decide that your organization really needs a money-saving system because it will:

1. Target huge savings opportunities that are now hidden from your view

2. Accurately determine savings budgets for every budget year

3. Provide you with a step-by-step process to save money 95% of the time

4. Diagnose and correct performance levels at individual or team levels

5. Measure and document the results and outcomes of your value studies

6. Provide a common language that can be used to communicate with everyone who participates in savings initiatives.

7. Manage customer expectations and improve overall customer satisfaction

The choice is yours! Continue to “Wing It” and hope no one finds out You’re faking it or develop a money savings system that will meet the test of time.

Key Money-Saving System Elements

For those of you who are serious about developing a money-saving system for your healthcare organization you might want to consider reading my FREE White Paper “Strategic Value Analysis®: Savings Beyond Price™, which will give you the key elements that you will need to develop you own money-saving system. Or, you might want to make an investment in my “Ultimate Value Analysis System”, which will give you all of the tools you will need todevelop your own money-saving system without breaking into a sweat Ultimate Value Analysis Program.

I Would Like To Start-Up A Value Analysis Program At My Hospital, Since Our Current Product Evaluation Committees Are running Out Of Steam, But I Don’t Know Where To Start? F.C.

You must first start by evaluating why your current product evaluation committees have run out of steam. Is it because they have run out of savings projects? Do you have the wrong people with the wrong attitudes and aptitudes on your committees? Is it because they don’t have a money-savings system to follow? Without knowing the why’s of your situation, you will just compound your problems by forming new value teams that have the same challenges and the same problems, since these problems haven’t been solved.

If you would like to consider my training programs in the mix, please give me a call.

P.S. If anyone else has a burning question that you would like me to answer, please call or e-mail me and I would be delighted to answer it.

Your Offsite Meeting Management Could Be Better Managed By Leveraging Your Information About These Events!

10-15% Savings Is Achievable By Managing Your Staff’s Offsite Meetings, Seminars And Conferences They Attend

Every hospital, no matter how small or budget conscious, approves and pays for sending their administration, department heads and managers to offsite meetings, seminars and conferences year-round. However, what 96% of our hospitals or systems aren’t doing is leveraging information about these events to save 10%-15% annually.

For example, if two or more are going to the same event then discounts are readily available on airfare, hotels, rental cars and the event itself. But since no one is coordinating these events for your hospital or system, you aren’t leveraging the discounts that are available to your hospital or system.

Since no one is calculating the ROI on these meetings, conferences and seminars either, no effective standards or policies and procedures are being developed to manage these outsourced purchases. With this in mind, here are 3 tips on how to rein in and gain insight into this spending:

By implementing these three easy steps, your hospital or system will immediately start saving money on your meeting, seminar and conference expenses by leveraging your supplier’s discounts, ensuring compliance to your hospital or system’s policies and procedures and gaining insight into your meeting spending management.

More importantly, once you start your meeting, seminar and conference ROI evaluations, your staff won’t be requesting to go to the events that don’t generate immediate revenues improvements, reduced spending or improved quality because they know someone will be measuring the results and outcomes of these meetings, seminars and conferences that they attended recently.

Strategic Value Analysis In Healthcare - The #1 Smart Strategy for Taking Out Cost In A Healthcare Organization's Supply/Value Chain

The challenges in the Healthcare Supply Chain over the next millennium are clear, to reduce costs to the lowest acceptable levels and maintain a high level of quality for our patients and customers. The challenge seems bigger than any one individual who would want to try to change the paradigm of thinking in our respective healthcare organizations in order to make savings happen quickly, efficiently and with the highest ROI. With Strategic Value Analysis in Healthcare: The #1 Smart Strategy for Taking Out Cost in A Healthcare Organization's Supply/Value Chain, you can make that savings happen! Sign up now for this money-savings process Strategic Value Analysis In Healthcare

"Savings Beyond Price" - Click Here to Subscribe and to get your FREE Copy of our Special Report "Your Targeted Blueprint for Supply Chain Management Success"