How Well Are Your Value-Analysis Efforts Working?

Posted by The Evidence Blog on November 29, 2012

A recently published study that appeared in the October 2012 issue of Health Services Research reported that medical supplies and devices were the primary drivers of rising healthcare costs in hospitals. Not surprisingly, the cost impact for supplies and devices was nearly 3 times that of operating room services. The investigators found that imaging and other advanced technological services were not major contributors to the cost of an average hospital stay.

As anyone who’s worked in the hospital supply chain knows, consumables, devices, and, in particular, physician-preference items drive up the cost of care. Hospitals and healthcare systems typically use value-analysis approaches such as contracting and standardization strategies to reduce costs by finding ways to limit the variety of products used for the same clinical application. But is that enough?

If supply-chain costs are still rising despite your best value-analysis efforts, maybe it’s time to consider another approach. If you are looking for a way to optimize patient outcomes and realize significant cost savings throughout the supply chain, then it’s time to start using clinically based criteria to make decisions about the items used in the course of delivering medical services to patients. Hayes can show you how.

Topics: Hayes Blog

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