VALUE ANALYSIS
Program Overview
Welcome to the UToledo Value Analysis Request Portal. The role of value analysis is to evaluate product, equipment, medical devices, etc that are requested by faculity, staff, and students. This process ensures compliance with UToledo standards, fiscal responsibility, and patient care. These factors embody the mission that are at the core of every decision made at this institution.
InstructionsThere are five major requests that will flow thru the Value Analysis office: Product, Equipment, Implant/Medical Device, Service, and Trial. Each type of request involves different analysis practices. Therefore each evaluation form is tailored to specifically address the different nuances of the request. Each of the request categories are listed below with key tips on how to successfully complete the request form.
A trial request, is a request to borrow equipment/product for a period of time to assess its suitability for a specific need. Trials are never used as a permanent purchase method and are only temporary in nature. Upon expiration of the trial period vendor is required to remove equipment from the facility, unless otherwise agreed upon.
Executive Sponsor: Dan Barbee
Chairs:
Facilitator: Tyler Spotts
Members:
Subject matter experts:
Purpose
- Develop strategies to achieve goals that improve product utilization, safety and reduce cost.
- Ensure that cost-saving initiatives and process improvement are implemented across all departments efficiently and successfully
- Support the value analysis program’s objectives and activities
Objectives
- Reduce costs and improve performance through the cost-effective utilization and standardization of products, services, and processes, while maintaining or improving the quality of patient care
Deliverables and Outcomes
- More efficient utilization of products and resources
- Standardization of use and practice
- A value analysis decision grid for physician and non-physician preference items
Key Measures of Success
- Improved patient and staff safety by reducing product variation in practice and utilization
- Improved patient outcomes
- Identified and implemented savings