Savings Beyond Price™
Innovative Supply Savings and Quality Solutions That Work
by Strategic Value Analysis® in Healthcare
Did You Know...?
That Value Analysis Was Developed Back In the 1940's After World War II as a Way to Find Lower Cost but Higher Quality Alternative products and methods. This was Due to the Lack of Material Resources At The End of The War.
Savings Beyond Price -Weekly eNewsletter - May 20, 2010
Robert T. Yokl
President & Chief Value Strategist
How are you Measuring your Value Analysis Success?
Greetings,
It’s my guess that 96% of healthcare organizations today are practicing value analysis in some way or in some form. That’s the good news! Just as important, how are these same healthcare organizations measuring their value analysis success?
That’s the big hairy question you should be asking yourself. You could be totally wasting your healthcare organization’s limited time, people power and resources on this mission critical process that is vital to your Hospitals, systems or IDN’s survival in the new healthcare economy.
Most healthcare organizations measure their value analysis success based on “soft skills” such as communications, enthusiasm, cohesiveness, persistence, openness and candor. While these team attributes are important for your team’s stability they don’t really gauge your team’s success, but instead they reflect your team’s personality traits.
Better yet, we have found that a surefire way to measure a value analysis team’s success is to measure their “hard skills” such as project savings, cycle time, number of projects completed and attendance. These are quantitative vs. qualitative measurements that leave no doubt in anyone’s mind on how your value analysis team is measuring up in meeting their stated goals and objectives.
As an illustration, if your team’s saving goal this fiscal year is $500,000 and you are only at a milestone of $25,000 at this point in time you will probably miss this target by a mile. If it is taking your VA team eight months, on average, to complete VA projects that should be finished in 90-days or less you are way behind on your cycle time. If your average team attendance is 49% at your VA meetings, then how can expect to get your hard work done when half of your team is missing in action.
It doesn’t take a statistician to figure out that this hypothetical VA team I just talked about is in trouble. It just takes a few calculations to see if your VA team is on track, on budget and on the money each and ever month. It’s simple, are you meeting your stated goals and objectives or aren’t you?
Wouldn’t you agree?
Your Partner In Savings Beyond Price™,
Robert T Yokl
Chief Value Strategist
Strategic Value Analysis® In Healthcare
1-800-220-4274
P.S. You might want to take a look at our “Utilizer Dashboard”, since it is designed to automatically make these important mission critical measurements for you each and every month. This way your VA team won’t ever go off track.
JUST ANNOUNCED -
Breakthrough Game Changing Book is Yours for FREE!
Healthcare Supply Utilization Revolution
Read this book and in a few weeks save more money than you have in years. Sounds unbelievable? Robert T. Yokl and Robert W. Yokl, healthcare’s leading authorities in Supply Utilization Management, have helped hundreds of hospitals, healthcare systems and integrated delivery networks to saved close to a half billion dollars by employing the same utilization management strategies, tactics and techniques that they will teach you in this book.
The Savings Beyond Price Blog Is Back and Better than ever!
Supply Chain ValueNet
Proven Strategies, Resources and Tools You Can Count On!
- Benchmarking
- Best Practices
- Resources
- And More...!
|
Sign Up for Our FREE Weekly Savings Beyond Price eNewsletter to Receive Exclusive Content Not Found Anywhere Else
PLUS as an added Bonus, we'll
also send you our SPECIAL REPORT "Your
Targeted Blueprint for Supply Savings Success!"
Subscribe Today! |
© 2008 - The Strategic Value Analysis in Healthcare, P.O. Box 939, 3887 Skippack, Pike, Skippack, PA 1-800-220-4271
About SVAH - Blog - Press Releases - Technology Value Analysis - Clinical Value Analysis - Events & Speaking Engagements - Case Studies and Success Stories - General Hospital Consulting and Supply Chain Management - Value Analysis Bookstore -Value Analysis University Supply Best Price Analysis - Supply Chain Scorecard and Dashboard - Supply Six Sigma - Strategic Supply Chain Management Planning - Value Analysis Software - Value Analysis Services - Healthcare Supply Expense Reduction and Analysis - Value Analysis Team Training Programs - Supply Chain Best Practice Series TeleSeminars Savings Beyond Price Newsletter - Strategic Value Analysis in Healthcare White Papers - Supply Chain Benchmarking - FREE Savings Beyond Price Weekly Newsletter - Archived Weekly Value Analysis Articles -Hospital Consulting Clients - Contact Us