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Do Your Surgeons Know the Price of Their Products?

Posted By Administration, Monday, February 2, 2015

by:  Sonja L. Glass, RN, BSN -Value Analysis Facilitator for Surgical Services Wake Forest Baptist Health

There was interest at our institution from Administration and Surgical Faculty to provide supply cost per procedure.  The hypothesis was that if we educated our Faculty on the price of products at the line item level that it would change practice.

As a result of this interest a “Surgical Case Cost Tracker” was internally developed by our Director of Supply Chain. This report is generated weekly for each surgeon and shows a summary of all of their cases for the previous week. 

The report provides case overviews related to details of the case number, date, OR suite, OR room, and the primary procedure name as well as the in-room time, OR time cost, and average time of all the Surgeons that perform cases including their total supply cost.  The cost shown is true to the unit level and all surgeons understand that pricing presented is confidential to our institution.

There has been a tremendous amount of positive feedback from our Faculty!  It is apparent our Surgeons are reviewing reports closely as there are many suggestions and comments such as “this product should be removed from my pick list, I didn’t realize that this product was that expensive, could you find a less costly alternative, had I known this product was this expensive I wouldn’t have used it, and I see we are using two different brands of these products therefore, can we get rid of the more expensive one and use only the more cost efficient product.”  When questions are raised, the Director will address or forward the information to Value Analysis Facilitator or other team members to research, answer, and address the concerns.

Writing the program was complex and initially there were some UOM issues such as a box of product instead of an each unit was reported.   Generating and sending the reports daily was initially very time consuming, but the current process of sending weekly summaries is more manageable.

End result, our surgeons are more engaged in the product selection and there is a new awareness of the importance of case cost.  Eventually our reports will share the per case cost of their colleagues that perform the same procedure.

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AWESOME 2014 AHVAP CONFERENCE!

Posted By Administration, Friday, October 24, 2014

By:  Susan A. Toomey, CMRP Value Analysis Coordinator 

What an exciting AHVAP Conference (Oct. 15-17) in Tampa, FL this year. The Value Analysis attendees received excellent key information revolving around the collaboration and pathway to success of Value Analysis.  Many great speakers included Wini Hayes, Dr. Jimmy Chung, Kathy Chauvin, Michael Neely,Barbara Strain, Courtney Bohman, Kevin Valis, Wanda Lane and to top it if off with Future Best Practices In Value Analysis by Dennis Orthman, Mary Potter & Cheri Berri Lesh.  In addition, the AHVAP conference sponsors have expanded,   collaborated with AHVAP attendees, and have changed the traditional vendor business relationships into valuable sponsor partnerships.   

If you didn't get the opportunity to attend the 2014 AHVAP Conference, please plan on attending the AHVAP Conference next year as AHVAP does an awesome job in providing education, networking, and standardization opportunities to increase the "Value" of the Value Analysis Professional!   

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It's All in a Day's Work!

Posted By Administration, Monday, September 8, 2014
Updated: Monday, September 8, 2014

By Peg Tinker, MSA, LAC, LSW

     

Change is all around us and value analysis professionals don’t have to look far to realize that they are in a pivotal role when it comes to adding value within an organization.  The demand for professionals who have recognized knowledge, skills and abilities will only intensify as organizations demand more diligence to improve value and outcomes. 

 

Terms like:

·         Waste reduction,

·         Evidence based healthcare

·         Shared decision making

·         Strategic growth

·         Value based purchasing and more

Are all in a day’s work for today’s value analysis professional. 

 

That’s precisely why certification for our industry is so important and for the certificant it demonstrates a commitment to lifelong learning and career advancement.  It means recognition for skills and competency in the work they do and the value they bring.  For healthcare organizations and society it means that organizations can count on the certified value analysis professional to be held to fundamental standards, a higher knowledge base and a set of skills that promote greater competency. 

 

I hope you’ll join me this next year in advancing your value analysis career and our profession by diving into the curriculum and ultimately becoming a Certified Healthcare Value Analysis Professional (CHVAP).

 

How will certification help you advance your career?  Will you be joining others in this endeavor? 

 

Keep in mind that it’s all in a day’s work but far more existing for the value analysis professionals to have certification recognition for the hard work that is performed every day. 

 

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