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