McGill University credits General Electric with developing value analysis, also known as value engineering, as a practice during the late 1940s. Value analysis is a methodical approach to sharpening ...

There’s a term in healthcare — hospitals, in particular — for a situation that should never, ever under any circumstances occur. It’s known as the “never event.” And if it sounds a bit ominous to you, ...

Tasked with driving innovation and improving quality while simultaneously controlling costs, healthcare leaders are in an incredibly difficult position. As healthcare costs continue to rise, these ...

Value Analysis provides a disciplined, objective process to calculate the measureable value (both clinical and economical) of a decision based on the best available evidence. Mastering the process is ...

Ambulatory surgery centers continue to face supply chain challenges due to product and staffing shortages, financial and space constraints, and variability in demand. Enhancing supply chain efficiency ...

A robust value analysis process combines specifics from all three entities to deliver a total package of value; resulting in deliverables that encourage objective decision making that is transparent ...

Value chain analysis can help organizations improve processes, but the method comes with disadvantages as well. Company leaders should learn about those disadvantages to make sure they are using the ...

PLYMOUTH MEETING, Pa., May 11, 2021 /PRNewswire/ –ECRI, the nation’s leading independent patient safety organization, and the Association for Healthcare Value Analysis Professionals (AHVAP) have ...