The Value Proposition: Efficient health care spending at the appropriate standard of care
Efficient health care spending. How do we get it done?
With large increases in health care costs continuing to outpace inflation, all parties are searching for a solution to constantly escalating costs. However the ACA changes, cost effective health care is the goal everyone is pursuing. Value Management can help. Health-care providers such as hospitals, pharmaceutical companies and medical-equipment manufacturers can benefit from VM use.
The Value Methodology can help health-care organizations by:
- Lowering operating and maintenance costs.
- Optimizing construction expenditures.
- Improve resource utilization
- Improving quality management
- Improving resource efficiency
- Simplify procedures
- Minimizing paperwork
- Lowering staffing costs
- Increase procurement efficiency
This is not about cheapening the process, product and facilities. Using the Value Methodology can help providers deliver quality while retaining patient volume and containing costs to ensure viability. The VM process can meet the goal of helping the customer by lowering operations and construction costs, improving the quality of care and developing a bond with the client. All while maintaining the level of quality critical to success in the health care arena.
Management and staff will benefit from their mutual collaboration on a VM team that develops increased efficiency and effectiveness, lowered costs, and improved image to the client and other user groups. Involving health-care suppliers in the VM process can result in cost savings through a restructuring of supplier processes.
VM can be utilized during the feasibility, design, construction and operational phases of a building project to optimize the overall project value to all stakeholders. It is particularly effective early in the project planning process and has been used effectively to involve all stakeholders in a consensus decision. Administrative and process projects have been shown to reduce costs and increase efficiency. We offer the following workshops to incorporate the VM process into your health care project or process:
- Value Planning Session
- Classical VM Workshop