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 - February 17, 2010
Robert T. Yokl
President & Chief Value Strategist
Growing Your Supply Savings in a Stagnant Market
Greeting,
One of the top tier GPOs recently announced that they will be able to hold down their member’s price inflation rate by .008% in 2010. That’s quite a revelation when you consider that GPO’s historically were able to beat the inflation rate by 2% to 3% in any given year. As a result, the cost effect of this higher inflation to your hospital, system or IDNs’ purchases in 2010, in my opinion, will be stagnation at best.
This doesn’t mean that you can throw up your hands in frustration! What it means is that you still must grow your savings in a stagnant market through new and even better cost management strategies, tactics and techniques to keep your savings flowing. Being a supply chain leader means taking cost out of your supply chain in good times and bad.
I just talked to one of our clients who is following this exact course of action with his three-hospital healthcare system. He tells me that he is now aggressively attacking his utilization misalignments, GPO contract compliance, inventory excesses, and purchase services to keep his savings for 2010 on target. At the same time, he is keeping his eye on any and all price increases that could move the needle on his supply expenses.
Numerous other healthcare organizations are joining newly formed regional GPOs to slow down their inflation rate, starting, refining or re-energizing their supply value analysis program. A few are making a big leap forward as shareholders in self-managed distribution centers to reduce their operating cost and improve their efficiency.
As you can see, these supply chain leaders aren’t making excuses or running for cover in a stagnated market, they are forging ahead with new and better ways of doing business to keep their savings rolling in for many, many years to come. Are you one of these supply chain leaders?
Your Partner In Savings Beyond Price™,
Robert T Yokl
Chief Value Strategist
Strategic Value Analysis® In Healthcare
1-800-220-4274
P.S. If you are looking for additional ideas to grow your savings in 2010, I would suggest you read my HPN article, “Looking Beyond Price” to create a quantum leap in your savings.
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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.
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