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VA Definition and Job Plan

The Value Analysis (VA) job plan leads a team through specific methodology designed to investigate current processes and compile creative improvement ideas for building revenue. Value can be defined by the following equation:

Value = Revenue / Cost

Based on the above equation, value can be increased by implementing ideas that result in any of the following:

• Increase in revenue captured and decrease in costs incurred
• Increase in revenue captured while costs remain unchanged
• Decrease in costs incurred while revenues remain unchanged

A Value Analysis workshop follows a three-phase job plan as established by SAVE International, the premier international society devoted to the advancement and promotion of the value methodology. The phases and their associated activities within a healthcare revenue cycle workshop are:

• Evaluation/Analytical Phase—alternatives are ranked for acceptability and impact
• Development Phase—highest-ranked ideas are developed into formal proposals/initiatives
• Presentation Phase—formal proposals are presented to decision makers

Download Healthcare Value Analysis Materials
Download our white paper [link to PDF] and healthcare Value Analysis brochure [link to PDF] for more information.

Speak to a Value Analysis Professional

Contact Tom Orr of U.S. COST at (770)481-1638, or via e-mail at va@uscost.com to learn more about Value Analysis workshops, and how they can be put to work for your own healthcare organization.