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Free Weekly Strategic Value Analysis Newsletter

 

 

March 5, 2004         

 

The Power Of Focus Will Propel Your Value Teams To The Next Level Of Savings Performance

by Robert T. Yokl, President

 

“A Clear And Sharp Focus or Concentration On The Things That Matter Will Bring You Closer To Your Target – Big Savings”

It’s been my experience that if healthcare organization’s concentrate on the five key elements of their value analysis program they can propel their value teams to the next level of savings performance without undue stress or strain.   Here are those five areas to focus on:

  1. Focus on Consistency or the ability of your value teams to maintain high standards with minimal variation from the norm that you have established. Simply stated, this means that your value studies need to be of the highest quality and follow a prescribed methodology that isn’t deviated from, from one value study to the next.
  2. Focus on Discipline directed at the performance of your value team’s members.  Are members missing meetings or coming late to meetings?  Are members completing their value studies on time or just going through the motions? Discipline means ensuring that your team members obey the rules (if you don’t have any rules, you better start making them) and when they don’t, teaching them to do so and punishing them if they do not comply.
  3. Focus on Outcomes that concentrate your value team efforts on measurable quantitative and qualitative results -- the bigger the better.  Without measurable results you won’t know when you have reached your targeted savings or how to make mid-course corrections to meet your stated goals and objectives.
  4. Focus on Process or a series of steps that your team members are to follow consistently when they are evaluating/selecting the “best value” product, service or technology for your healthcare organization. Make sure that the steps are repeatable and auditable as opposed to everyone doing their “own thing”. 
  5. Focus on Maintenance of your value team’s activities and work to keep it in good working order, such as, making sure that the room you meet in has good light and air flow, that your minutes and agendas are sent to your members before your meetings to insure good communications. That all team members have the tools and training that are required to perform their value studies without artificial barriers preventing them from performing their jobs on-time -- every time.

If you religiously focus on these five areas of value team performance you will make giant leaps forward in your team’s performance overnight.  I guarantee it!

 

 

About the Author

Robert T. Yokl, President, The HCP Group, Ltd., has over 35 years of experience as a consultant and manager in the field of Supply Value Chain Management and is one of the country's leading healthcare experts in value analysis, value engineering, Non Salary Expense Reduction and materials management. He is the developer and program leader of the award winning Certified Value Analysis Practitioner Training Program™. Mr. Yokl is also the developer of the healthcare industry's leading ValueNetCentral™ Value Analysis Software. Over the past two decades he has trained thousands of healthcare managers in his patented Strategic Value Analysis™ and Team-Based Project Management™ processes and has assisted scores of organizations in developing their own value management programs. He has published six books, videos and audios on supply/value chain management. His latest book being, “ Strategic Value Analysis™: The #1 Smart Strategy for Taking Cost Out of a Healthcare Organizations’ Healthcare Supply Value Chain”.

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