Value Analysis

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  • Challenges

    The University of Mississippi Health Care spends approximately $100 million dollars on supplies each year. UMHC has the opportunity to standardize and maximize utilization of many patient supplies, services, and processes, as well as, create an environment of product cost awareness and accountability across the campus.

    Related issues:

    • Pressure on hospitals to reduce expenses
    • Rising health care costs
    • Expensive inventories and increased demand of physician preference items
    • Lack of regulation in managing new product entry
    • Rapid advances in technology generate the need to manage the initiation of sophisticated, high-cost equipment
    • Inability to take full advantage of group purchasing agreements due to unrestrained purchasing procedures