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References in periodicals archive ?
The organization also has instituted a process in which all IMDs must be preapproved by the value analysis team before the products can be used.
Value analysis teams comprising physicians, nurses and materials management directors must be provided with this data along with senior leadership support to effect change and target effective strategies for sustained IMD-related cost savings.
"Value analysis teams need to target key line items that create the largest variances and demand better pricing.
Usually the firm will establish a value analysis team that may then go through the following seven-step process, which is adapted from BPP Professional Education's P2 study text:
As a member of our Value Analysis Team, Leslie insists on accountability to patient care when choosing supplies.
Although they are aware of standardization efforts undertaken by value analysis teams, understanding the potential for reduced costs and improved quality as a result of reduction in the number of individual items has not been clearly demonstrated.
* Use of value analysis teams to drive best practices across the system.
Value analysis teams provide nurses, physicians and others a say in product utilization and performance.