Redefining Value Analysis Practices
Redefining value analysis practices for a healthcare reform-minded industry
Are healthcare organizations generating true value or spinning wheels?
From Healthcare Purchasing News, October 2009
by Rick Dana Barlow
During turbulent economic times and/or an arid budgetary climate, healthcare facilities typically turn to performance improvement (PI) programs to identify and eliminate, if not ratchet down, wasteful processes and spending to improve operations.
Some may argue that value analysis may not belong in the same classification as the other PI examples that will be explored in a follow-up story, but value analysis can be an effective process to determine optimal product and service choices.
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