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Value Analysis Committee

Mission Statement. To evaluate, analyze and deliver medical supplies and purchased services in a cost effective manner while making world class patient care the

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Value Analysis Committee

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    1. Value Analysis Committee Strategy & Concepts

    2. Mission Statement To evaluate, analyze and deliver medical supplies and purchased services in a cost effective manner while making world class patient care the #1 goal.

    3. Primary Goals Cost savings and cost reduction through process improvement. Be the hospital “Gatekeeper” of new products & services. Support GPO contracts through clinical trials and clinical acceptance. Support clinical practices in a way to reject supplies and services that do not meet clinical standards.

    4. Primary Goals Create teams to address supply utilization issues. These teams work independently but report to the Value Analysis Committee. Create teams to address purchased service issues. These teams work independently but report to the Value Analysis Committee.

    5. Committee Structure – Core Group Materials Manager Clinical Liaison Infection Control Staff Education Risk Management Finance Biomed

    6. Committee Structure - PRN Any department staff member designated by the department as a representative. Attendance will be required based on committee agenda items or projects. Team leaders of any supply teams that are working on current projects.

    7. Committee Structure The “Core Committee” should elect a chairman, co-chair, secretary and moderator. The “Core Committee” should agree to work as a team without boundaries. The team represents the hospital, not any one single department.

    8. Sub-Team Names SUM – Supply Utilization Management CAT – Cost Analysis Team RCI – Resource Consumption Initiative SPIT – Supply Process Improvement Team

    9. Meetings Schedule Meetings of the Value Analysis will be done on an as need basis to avoid having a “meeting for the sake of having a meeting”. Meetings will be scheduled by the availability of the core members and the need to fit into the schedule of others on a PRN basis. Meetings will be scheduled by either Chair or Co-Chair.

    10. Meeting Format Meetings will have a formal agenda published in advance of the meeting. Meeting times should not exceed 90 minutes. The “moderator” will keep the committee focused on time limits. The chairman will keep the committee focused on task & agenda

    11. Core Committee Responsibilities Meeting attendance & start meeting on time. Complete as needed work assignments in between meetings. Supervise or chair sub-committees. Always be looking for, thinking of, or soliciting ideas for cost reduction through process improvement. Question current processes and any process that is because “ That is the way we always have done it”.

    12. Core Committee Responsibilities Be open minded to change, and become a “change agent”. Be an internal “sales person” for the value of the Value Analysis Process. Be an internal resource for problem solving Promote team work and a united hospital goal

    13. Let’s Get Started!!! First organizational meeting to be held on ( date to be determined)

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