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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.

 

James Smoker

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