State of Value Analysis

Hospitals work diligently to align their goals, processes, and practices with implementing new value-based healthcare delivery models. To position themselves for success, hospitals have embraced value analysis and elevated the supply chain as a partner. 

In the most innovative hospitals, supply chain and value analysis teams leverage a fully digital and data-driven approach to evaluate and source medical devices.

Value Analysis Committees now facilitate collaboration among a broad group of stakeholders, including doctors, nurses, and service line managers, to conduct clinical use evaluations. 

All Value Analysis Committees and value analysis professionals are committed to value-driven healthcare and need value analysis software to support these efforts. 

Value Analysis Software 

At GreenLight Medical, healthcare systems and hospitals share time and time again that they struggle to: 

• Build value analysis processes that are data-driven;
• Evaluate clinical evidence and data; 
• Track the results of value analysis processes 

An intuitive value analysis software platform needs to address all of these challenges and ensure that value analysis professional can rate and compare competing products in an effective and standardized manner. 

At GreenLight Medical, our value analysis software, helps hospital value analysis teams accomplish the following vital tasks: 

1. Get physician buy-in to the value analysis process and ensure physicians are financially aligned with the hospital in seeking cost-savings and standardizing devices and care. 
2. Integrate meaningful data in the value analysis process to support decision making. 
3. Advise executive steering committees and expand the influence of value analysis and supply chain throughout the hospital.
4. Improve patient outcomes by approving the best devices on the market supported by the clinical evidence. 

Value analysis is about ensuring that patient outcomes are optimized.