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 - Feburary 15, 2011
Robert T. Yokl
President & Chief Value Strategist
Nibbling Around The Edges
I see it as “mission critical” today for supply chain professionals to capture all of the savings that are obtainable, achievable and realizable for their healthcare organizations as opposed to “nibbling around the edges” of their savings.
By this I mean that I see too many healthcare organizations ignoring so many new sources of savings (utilization and demand management, functional analysis, and purchase services) that it concerns me that maybe we are all not ready to enter into the new healthcare economy where every dollar saved counts for as much as $25.00 in new revenues.
Reality Check! The Medicare Actuary at last week’s congressional hearings on healthcare predicted that 670 hospitals and 2,000 nursing homes would go into bankruptcy over the next few years due to pending cuts in Medicare reimbursement. The reason for this is that these healthcare facilities will have their Medicare revenues slashed drastically over the next few years and at some point they won’t be about continue to fulfill their medical mission any longer.
Since most healthcare organizations’ bottom lines are hovering at about two to three-percent at best, every hospital in our nation is at risk of falling off the cliff. The only way I see hospitals surviving this tsunami that is coming our way is to ratchet down all of their cost (labor and non-labor) to an absolutely bare minimum…NOW!
The good news is that supply chain professionals can become HERO’s in the new healthcare economy, if and when, they decide to ferret out the last dollars of savings in their hospital’s supply streams. This goal can’t be achieved if we are only focusing our cost containment efforts on price and standardization. Only when all supply cost drivers are vigorously and massively attacked and controlled, can our hospital have a chance of surviving in the new healthcare economy.
From time to time, I hear colleagues tell me that “there you go again Bob scaring everybody with your dire predictions”. I tell them not to “don’t kill the messenger”, for just maybe the messenger has a message that we all need to hear to jumpstart or refuel our savings engines to meet the challenges of the new healthcare economy.
From time to time, I hear colleagues tell me that “there you go again Bob scaring everybody with your dire predictions”. I tell them not to “don’t kill the messenger”, for just maybe the messenger has a message that we all need to hear to jumpstart or refuel our savings engines to meet the challenges of the new healthcare economy.
Warmest Regards,Robert T. Yokl
Chief Value Strategist
Strategic Value Analysis® In Healthcare
Bobpres@strategicva.com
1-800-220-4274Your Partner In Savings Beyond Price™,
P.S. Do you have your copy of the “The Ultimate Value Analysis System” that has helped hundreds of healthcare organizations to re-engineer their supply value analysis programs? All it takes is a very small investment in your VA education for you to save millions of dollars. We guarantee that it will open a whole world of new savings for you and your VA teams as it has done for others just like you!
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