Savings Beyond Price™
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Strategic Value Analysis® in Healthcare
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YOUR SAVINGS OBJECTIVES ARE NOW WITHIN REACH!
Learn How The Fast Target Savings™ Program Can Uncover All Of Your Supply Savings Opportunities That Are Now Hidden From Your View!
Let’s face it, it’s getting harder and harder to meet your savings objectives each year, especially since your price savings are quickly fading away! But the savings game doesn’t just stop because it is getting more difficult to find savings. Your management still needs to generate at least a 6% margin (profits) each year to insure the sustainability and viability of your healthcare organization.
Every year your hospital, system or IDN still needs to give salary increases, buy new hardware, software and medical technologies, fix the roof, pay even higher insurance premiums, hedge for inflation and put some of their profits in reserve for unexpected hard times. And these costs are just the tip of the iceberg!
Where Are These Margins Coming From?
There is only one area left in your vineyard that represents up to 46 percent of your hospital’s operating cost to generate greater margins. We are referring to an area that can be harvested to improve your total margins by as much as 3%, 6% or even 9% within 12 to 18 months. This can happen if you know where to look for these improvements, and then become organized, trained and structured to capture them. What I’m talking about are those unnecessary and wasteful supply chain costs that are “eating away” at your margins, and which can be pruned, trimmed or cut without affecting your quality of care if attacked strategically and surgically.
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Thank you for the wealth of information
provided by your Fast Target Savings™
Analysis. The benchmarking
information is priceless. It will give our
Value Analysis Team detailed information to
work with for many months to come.
Tim Folk, Director Materials Management, St Joseph's Medical Center, Brainerd, MN |
Just Imagine If You Knew Where All Your Savings Were Hidden!
If you knew where all of your supply chain savings were hidden, you’d likely have all of the savings you would ever need to reach your healthcare organization’s savings objectives over the next few years.
If you knew where all of your supply chain savings were hidden, you’d likely ease back on the throttle a bit and take some time to fix some of your pressing operational challenges.
If you knew where all of your supply chain savings were hidden, you’d likely set in motion an action plan to implement these savings, which would really impress you boss -- especially when your bonus time rolls around.
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“If we fully implement the savings recommendations (SVAH’s Fast Target Savings™ Analysis) we could improve our bottom line by $5 million dollars” Mack Roth, Director of Material Management, St. Clare’s Health System, Danville, New Jersey |
Fast Target Savings™ Program Uncovers Your Hard to Find Savings... BEYOND PRICE
Go Beyond Supply Spend Analysis to Uncover the Hard to Find Savings Now!
That’s what our Fast Target Savings™ can do for you and more. We will quickly identify, classify, analyze and target all of your supply savings – all at one time. This means we will capture all of your price, standardization, contract, utilization and value mismatches savings so you can implement them to achieve your organization’s savings objectives. We do all the heavy lifting for you! Our work is invisible to your hospital staff. More importantly, we can have this mission critical information in your hands within 30 to 45 days.
| 339-Bed Community Hospital | 400-Bed Community Hospital | 4-Hospital IDN | 158-Bed Community Hospital |
| 1.6 Million in Medical Surgical Supplies | $3 Million in Contract Savings | $1.3 Million in Utilization Misalignments | $922,000 in Medical Surgical Supplies |
| $850,000 in Contract Savings | $990,000 in Utilization Misalignments | $361,000 Standardization Opportunities | $102,000 in Dietary Supplies |
| $500,000 in Food Purchases | $300,000 in Food Purchases | $377,000 in GPO Compliance | $127,000 in Drug Purchases |
| $345,000 in Office Supplies | $133,000 in Best Price Opportunities | $466,000 in Value Mismatches | $91,000 in Laundry Processing |
We Guarantee That All Of The Savings Identified In Your Fast Target Savings™ Program Will Be IMPLEMENTABLE!
We guarantee immediate implementable savings results, not old tired savings ideas that you have heard before!
Our consulting team will collect data on your purchase history and supply utilization practices through downloads, interviews and other techniques. SVAH can then ascertain and target your hospital's supply savings opportunities for your organization which typically includes:
Price/Cost Competitive Gaps – Compares your purchasing pricing to SVAH’s “National Pricing Database” with over one million products and 176 categories of purchase to identify those hidden quick and easy savings hits for you.
Utilization Misalignments – Benchmark your utilization against SVAH’s “best practice” benchmarks to uncover excessive utilization practices.
Standardization Opportunities – Analyzed your purchase history line items to identify any and all products, services or vendor standardization opportunities.
Value Mismatches – This category comprises two areas of analysis (i) pharmacy/drug purchase analysis therapeutic substitutions and (ii) products that we identify that can be substituting with lower cost alternative products with equal or better functionality.
Inventory Management – Benchmark your official inventory values compared to hospitals with same or similar operating characteristics to determine inventory reduction opportunities.
In addition to all of the above tests and audits, SVAH also will review all data for unfavorable patterns or practices that would hold back savings for your organization.
“(SVAH’s 3600 Supply Savings Analysis) gave me clarity related to how I was doing vs. what I thought I was doing”
Terry Chappell, Director of Material Management, Sauk Prairie, Memorial Hospital, Prairie DuSac, Wisconsin
“No Risk” Performance Guarantee
All offerings come with our 100% Return on Investment GUARANTEE that gives you the piece of mind that you not only will be finding big savings dollars in your supply chain but we must return at least a 100% return on the dollars you invest. Or, it costs you nothing!
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No More Guess Work! Complete our "no-cost, no obligation" online Supply Savings Scorecard to identify ALL your SUPPLY savings opportunities...NOW! |
Find HUGE (hidden) Savings in Your Supply
Chain Today!
OR
Realizing that it is very difficult to determine whether you are a candidate for big supply savings, SVA is offering a FREE No Risk Supply Scorecard to determine where your big opportunities are hidden in your supply chain.
Call today or fill out the contact request form below to have SVA assist you in determining where your supply savings opportunities reside TODAY!
Call Today - 1-800-220-4271
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Click Below to Listen to Special Audio Podcasts Healthcare Supply Chain Benchmarking for Peak Performance  It Wasn't Raining When Noah Built His Ark
Fueling Your Savings Engine: Winning Data Strategies for Savings Success!
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Most Viewed Newsletter Articles on Supply Benchmarking and Utilization Savings Are You Winning the War on Your Supply Utilization Savings? Hospitals That Are Facing Raising Operating Cost And Declining Margins Need To Look For New Weapons In Their Fight For Profitability Every Year” Just How Good Is Your Supply Chain Radar? Is it conceivable to think that you can know where all of your savings opportunities are before they inflict damage to your bottom line? How to Squeeze Out Even More Savings Out of Your Supply Chain Expenses “Look Broader, Dig Deeper And Touch The Edges Of Your Supply Chain To Find New Savings Right In Your Own Backyard!”
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© 2006 - The Strategic Value Analysis in Healthcare, P.O. Box 939, 3887 Skippack, Pike, Skippack, PA 1-800-220-4271
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