Many healthcare systems remain unaware of how "product utilization" can help improve the best practices around product review, selection, and implementation. Product utilization strategies in a healthcare setting, through advanced analytics, compares actual product usage among a single healthcare system and other, non-related healthcare systems to reveal practice variation.
A 200+ bed hospital system evaluated the utilization of triple lumen peripherally inserted central catheters (PICC). These devices are placed peripherally but are similar to a central line in that PICC lines deliver medications centrally. The hospital found 27% of PICC lines had triple lumens.
There will be times when a Value Analysis (VA) team and stakeholders disagree on a particular aspect of a project. It could be a product conversion, a practice change, or a complete elimination. It doesn’t necessarily mean one is right or wrong - there is just no common ground. The Association of Healthcare Value Analysis Professionals refers to the term BATNA, which stands for Best Alternative to Negotiated Agreement. Not exclusive to the VA realm, this occurs when there is an impasse and parties agree to the most favorable option acceptable to both.
Value Analysis (VA) is a process that is complex, includes many moving parts, and can be daunting even for the most seasoned VA professional. When choosing a VA software, one must research and evaluate how well the tool assists their VA process. Blue.Point supports each step of the VA process.