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 - August 5, 2009
Robert T. Yokl
President & Chief Value Strategist
Outsource Everything…NOW!
Greetings,
Without question, outsourcing has a negative stigma attached to it: we hear daily about auto, manufacturing and customer service jobs being shipped overseas, and we immediately grow anxious anytime outsourcing is mentioned. Will our job be next?
Yet, outsourcing isn’t a bad thing. In fact, there is a great deal of outsourcing done right here in the United States—which means jobs for those of us here.
Outsourcing has become routine in healthcare for laundry, bio-med, transcription and document management services, but these services are just the tip of the iceberg when you consider the cost advantage, consistent customer service and value-added services that outsource vendors can provide your hospital in other low tech and high tech services.
One of our clients is on track to save $502,444 annually by outsourcing all of their transcription services to an outsourcing firm. They never considering this outsourcing option until our Utilizer® Dashboard pick up this big savings opportunity on their supply chain radar.
That’s not all! This same client, through outsourcing, will be installing – at no extra cost to them -- the latest electronic technology platform to manage the hundreds of thousands of transcription documents that pass through and/or are handed off to clinicians at their hospital annually. This will greatly improve their productivity, through put, and quality assurance.
The paramount reason for these powerful outsourcing benefits is the outsource vendors’ economy of scale. They don’t provide services to just one client; they may service 100, 200, or even 500 clients, which gives them the financial stability to invest in the most productive technologies, to provide streamlined, modernized processes and advanced training programs while giving their employees multiple ladders for promotion.
Very few healthcare organizations can match an outsource vendor’s ability to become the best at what they do -- because that’s all they do. According to a VHA study a few years ago, healthcare organizations spent 22 percent of their operating budget versus 33 percent spent in the general industry on outsourced services. VHA predicted a growth rate of about 15 percent per year in the healthcare industry’s outsourced services over the next few years.
The study also revealed that, “Experience with outsourcing is a key factor in its acceptance...health care executives who are experienced with outsourcing have a more positive perception of outsourcing's ability to deliver low-cost, high-quality innovation and speed to market.”
With this said, it’s my opinion that you should consider outsourcing everything you are doing…NOW, unless you are doing it faster, better and less expensive than an outsourcing firm can do it for you. Why would you do otherwise in this tough healthcare environment we find ourselves in?
Your Partner In Savings Beyond Price™,
Robert T Yokl
Chief Value Strategist
Strategic Value Analysis® In Healthcare
1-800-220-4274
P.S. I thought I would give you some advance notice that we will be introducing our new “Certified Value Analysis Practitioner™ Training Program On Line” within the next two weeks. Our goal with this new program is to make it as easy, painless and as cost effective as possible (no travel required, just access to a PC and internet) for you to obtain the requisite value analysis training you have been asking us to produce for years. I hope you will agree that the timing is right for this program!
***Just Released***
Free Special Report
Supply Chain Utilization
Targeting your next big savings opportunities
"Could a misalignment that comes with a simple (and less costly) fix be eating away at your savings?"
"Beware of Standardization"
"Managing utilization costs can save six to 10 percent on total supply expenditures"
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