Value Analysis Fundamentals Workshop

October 18, 2022 to October 27, 2022

Attendee will have exposure to a proven model to implement and manage a Value Analysis program and engage in hands-on learning activities.  They will receive valuable tools and techniques that they can apply within their own organization to better manage costs while maintaining a focus on quality care delivery.

Target Audience

Nursing

Learning Objectives

October 18 – Review of The Future of Clinical Supply Integration and Value Analysis Pre-Recorded Session – 1.00 contact hours – 1.20 California Nursing

  1. Identify the 4 Domains of performance in Clinical Supply Integration (CSI)
  2. Explain the 4 Domains of CSI: Engagement, Insight, knowledge, and Process and their application
  3. Define Value Based Care (VBC) and the impact on the future of healthcare
  4. Identify the importance of CSI and VBC and their incorporation into Value Analysis
  5. Define the core definition of the value analysis process and its history
  6. Identify organizational complexities in order to sustain a successful value analysis program
  7. Examine the fundamentals and dynamics of value analysis to drive short term gain and long-term benefit
  8. Identify key stakeholders for involvement and participation
  9. Relate key terms and vocabulary to communicate a standardized value analysis approach
  10. Illustrate a leading practice assessment of our facility’s environment to gain stakeholder support and participation

October 18, 2022 – Change leadership - .75 contact hours – .90 California Nursing

  1. Create a sense of urgency around needed changes for value analysis and supply chain
  2. Create a compelling vision of the future that helps people focus on the benefits of change
  3. Develop communication plans and key messages that generate ‘buy-in’ to your change vision
  4. Develop strategies for developing a new culture based upon new ways of doing things
  5. Show others how to take the Lead in promoting a change-ready organization

October 18, 2022 - Engagement and governance: Building your value analysis model – 1.00 contact hours – 1.20 California Nursing

  1. Define the scope of your value analysis program
  2. Demonstrate the steps of a well-defined process that applies the governance structure to support the process
  3. Design a value analysis model that integrates your corporate vision and addresses organizational complexities
  4. Prepare a value analysis charter for oversight and standard business conduct
  5. Define the standards of business conduct

October 20, 2022 – Process:  Strengthening your value analysis process – 1.25 contact hours – 1.50 California Nursing

  1. Recognize leading practices in value analysis program processes
  2. Identify value analysis program steps that will best align with your organization
  3. Develop a process model that can be applied to your organization and value analysis program
  4. State how Framework components lend to the maturity model.

October 20, 2022 – Exercise review:  Governance models – .50 contact hours – .60 California Nursing

  1. Develop a process model that can be applied to your organization and value analysis program

October 20, 2022 – Forms following function – Part 1 – .50 contact hours – .60 California Nursing

  1. Design effective Value Analysis new product request forms to collect desired information for decision making
  2. Utilize our New Product Request Form and Clinical Product Evaluation Form based on leading practices

October 20, 2022 – Building a value analysis work plan – 1.25 contact hours – 1.50 California Nursing

  1. Outline the steps towards building your work plan, assessing risk and prioritizing initiatives
  2. Determine source of financial baseline data and preferred data set
  3. Define the difference between annual and fiscal impacts
  4. Point out value analysis goals with expected financial and operational outcomes
  5. Identify potential strategies for implementing value analysis initiatives

October 25, 2022 – Exercise Review: Governance models AND using lean tool to lead change – Part 1 – .75 contact hours – .90 California Nursing

  1. Develop a process model that can be applied to your organization and value analysis program
  2. Apply Lean tools to improve supply chain and value analysis processes
  3. Identify the waste found in value analysis processes
  4. Analyze a process map and determine where waste exists
  5. Apply A3 problem solving to value analysis and supply chain
  6. Use the problem analysis and solution steps of A3 problem solving
  7. Demonstrate how to coach others to use the A3 problem solving method

October 25, 2022 – Insight: Data - “It’s not just numbers” – 1.00 contact hours – 1.20 California Nursing

  1. Identify the different types of data that are needed to drive decisions in their facilities
  2. Identify the appropriate person that should be interpreting different types of data
  3. Describe the different types of data that should be included in a project
  4. Outline how to integrate financial, clinical and operational data across the system of care

October 25, 2022 – Knowledge: Story telling with data to drive evidence-based decisions Part 2 – .50 contact hours – .60 California Nursing

  1. Point out the need to articulate a compelling story through data
  2. Identify and apply clinical literature and studies to make evidence based informed decision
  3. Measure success and sustain your Value Analysis Process
  4. Create a standard for reporting key metrics

October 25, 2022 – Forms following function – Part 2 – .75 contact hours – .90 California Nursing

  1. Design effective Value Analysis forms to collect desired information for decision making
  2. Give examples how to improve our New Product Request Form and Clinical Product Evaluation Form based on leading practices

October 25, 2022 – Implementing initiatives using a format project plan – .50 contact hours – .60 California Nursing

  1. Recite the principles of effective project management
  2. Demonstrate formal project management tools to achieve project goals
  3. Identify the steps of executing a value analysis initiative
  4. Paraphrase different approaches to value analysis project planning
  5. Develop a value analysis implementation plan

October 27, 2022 - Using Lean Tools to Lead Change Part II – 1.00 contact hours – 1.20 California Nursing

  1. Apply Lean tools to improve supply chain and value analysis processes
  2. Identify the waste found in value analysis processes
  3. Analyze a process map and determine where waste exists
  4. Apply A3 problem solving to value analysis and supply chain
  5. Use the problem analysis and solution steps of A3 problem solving
  6. Demonstrate how to coach others to use the A3 problem solving method

October 27, 2022 – Exercise review: Project plans and A3 initiatives – .25 contact hours – .30 California Nursing

  1. Develop a process model that can be applied to your organization and value analysis program
  2. Apply A3 problem solving to value analysis and supply chain

October 27, 2022 – Creating a value analysis – 1.00 contact hours – 1.20 California Nursing

  1. Quote the value analysis program mission, vision, and charter
  2. Recognize a communications plan that will interest and educate value analysis team members
  3. Create branded materials to support the value analysis team structure
  4. Present and inform and engage the staff and C-suite using media tools
  5. Develop a communication plan for individual initiatives

October 27, 2022 – Review pre-recorded session: Key skills for success - .25 contact hours - .30 California Nursing

  1. Recognize how to avoid common pitfalls in managing day-to-day value analysis operations
  2. Differentiate proven methods for building stakeholder engagement and credibility leading your value analysis process to achieve organizational success

October 27, 2022 – Where do you go from here?  Highlights and take-aways – 1.00 contact hours – 1.20 California Nursing

  1. Review the overall course objectives and Identify areas for further education/clarification
Course summary
Available credit: 
  • 13.25 ANCC
  • 13.25 CBRN
  • 13.25 General CEU – Attendance
Course opens: 
10/18/2022
Course expires: 
12/02/2022
Event starts: 
10/18/2022 - 11:45am CDT
Event ends: 
10/27/2022 - 3:30pm CDT
Live via webinar
United States

Relevant financial relationships: Planning committee members and presenters have nothing to disclose.

Planning committee members

Nancy Masaschi, MBA
Associate Principal, Clinical Consulting
Vizient

Sue Hogan, RN
Consulting Director
Vizient

Kristi Biltz, BS, LPN, CMRP
Consulting Director
Vizient

Deborah Roy, BSN, RN, CMRP
Principal
Vizient

Natalie Webb, MHA, RN, CPHQ
Accreditation Director
Vizient

Course reviewers

Natalie Webb, MHA, RN, CPHQ
Accreditation Director
Vizient

Presenter Pool

Nancy Masaschi, MBA
Associate Principal
Vizient

Sue Hogan, RN
Consulting Director
Vizient

Kristi Biltz, BS, LPN, CMRP
Senior Consultant
Vizient

Kate Lizzi, MBA, PMP
Senior Consulting Director
Vizient

Donna Colby, RN, BSN, CMRP
Consulting Director
Vizient

Neil Horton, MS, RN
Consulting Director
Vizient


 

Joint Accreditation Statement:

In support of improving patient care, Vizient, Inc. is jointly accredited by the Accreditation Council for Continuing Medical Education (ACCME), the Accreditation Council for Pharmacy Education (ACPE), and the American Nurses Credentialing Center (ANCC) to provide continuing education for the healthcare team.

Designation Statement:

NURSING
This activity is designated for 13.25 contact hours.

Vizient, Inc. is approved by the California Board of Registered Nursing, Provider Number CEP12580, for 13.25 contact hours.

CEU
Vizient, Inc. will award CEUs to each participant who successfully completes this program. The CEU is a nationally recognized unit of measure for continuing education and training programs that meet certain criteria (1 contact hour = 0.1 CEU).
 

Available Credit

  • 13.25 ANCC
  • 13.25 CBRN
  • 13.25 General CEU – Attendance
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