Podcast 85 - When is the Right Time to Evaluate a Major Product or Service Category

Timing is everything and it does apply to the cost/value/quality
world in our healthcare supply chain. In a perfect world, you would
want to take the time and have your value analysis teams review all
of their major product and/or service category spends and wring the
towel dry on savings. But given that the average hospital purchases
anywhere from 5K to 25K line items (major systems can be 25K to 85K
in SKUs) with over 2,000 contracted categories, there just isn’t
enough time in our teams’ agendas to undertake this. This is a
tough challenge that you need to be prepared for.