Strategic Sourcing and Value Analysis

UTMB’s Value Analysis program coordinates and manages the process for obtaining supplies, services, and equipment to support the highest quality care in a fiscally responsible manner. Value analysis is structured within a framework of quality and safety that is evidence-based and data-driven while supporting the health system’s mission, vision, and strategic goals. This is accomplished through clinical integration, standardization, contract and price optimization, implementation of cost-savings initiatives, identification and elimination of waste, redundancy, and inefficiency throughout the organization. Value Analysis is a multi-factorial decision-making process that strives to balance issues related to clinical outcomes, patient and staff safety, revenue enhancement, and charge optimization throughout the patient care cycle.

Purpose:

To Help Drive Improved Outcomes through Clinical Integration

Mission:

Support the delivery of high-quality healthcare by using evidenced-based data to drive product selection, decrease variation in practice and standardize processes and products while controlling costs.

 

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Value Analysis Info