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The Role of Education in Value Anaysis

The Role of Education in Value Anaysis. Amy Yun, MSN, RN. What is Value Analysis???. “The study of function and the search for lower cost alternatives" as opposed to what you are doing now. http:// findarticles.com/p/articles/mi_m0BPC/is_10_32/ai_n30892055

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The Role of Education in Value Anaysis

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  1. The Role of Education in Value Anaysis Amy Yun, MSN, RN

  2. What is Value Analysis??? • “The study of function and the search for lower cost alternatives" as opposed to what you are doing now. http://findarticles.com/p/articles/mi_m0BPC/is_10_32/ai_n30892055 • “. . .VA is defined as: an organized, systematic application of recognized techniques which identify FUNCTIONS of a product or service, and seek ways to enhance value by providing the required performance at the lowest overall cost” White Paper, Tom Orr, P.E. Georgia Institute of Technology (US Cost)

  3. Clinical Value Analysis • Goal is to look at ways to decrease supply costs while improving or maintaining quality Safety/ Quality Stewardship Patient Customer Satisfaction

  4. Drivers of Clinical Value Analysis • Financial pressures on healthcare organizations • Business intelligence • LEAN programs and standardization • Need for evidence based approaches to gain support and approval

  5. Desired Outcomes • Decrease costs • Eliminate waste • Process • Environmental • Cultivate a collaborative environment across all stakeholders

  6. Role within Healthcare • Cost • Efficiency • Standardization • VALUE

  7. The Concept of Value Value is obtained when the essential functions can be reliably provided at the lowest possible cost

  8. Value and Function 15K 90K Which one do you want versus which one will meet your needs at the best value?

  9. Value Analysis and Changes to Healthcare • Stewardship • What supplies does the patient need that are added value? • What are you willing to pay for? • What waste is there? • Tape • “Hoarding”

  10. Value Analysis and Changes to Healthcare • Waste • Sterility compromised/wrong size • Feature rich or feature poor products • Example: Arterial lines • Items that are never used in kits/trays • “Inadvertent” displacement of products • Just in case. . .

  11. Value Analysis and Changes to Healthcare • Standardized Care • Is this the goal of your organization? • Typically the answer will be yes! • However, can ONE SIZE FIT ALL? • Not always! • Utilization • If a little is good, than more must be better! • Frequent cause is “fear” or “what if” • ‘Misuse’ of products • Lack of understanding of how the product works

  12. Value Analysis and Changes to Healthcare • Evidence based practice • What to look for: • Cross sectional studies, studies with external contraol groups • Observations studies • Evidence derived from report/consensus statements of an expert committee that has a scientific process • Cost analyses • Utilization analyses • Potential risk to patient • Organizational values • Accreditation and regulatory requirements • Legal considerations

  13. Value Analysis and Changes to Healthcare • Evidence based practice • Evidence evolves much faster than we think • Examples • Central line end caps • Thigh high TED hose • Swab caps • IV Tylenol

  14. Education and Value Analysis • How important is staff understanding? • Staff are the ‘end users’ • Patient perception

  15. Education and Value Analysis • Technology • Over 30 Million medical/surgical products in the US • 20-30% change each year (6-9 million products a year) • Example • Lifts • IV pumps

  16. Education and Value Analysis • Healthcare students • Safety • Over-utilization • Cost to the organization • Example: Linens

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