Trends in Healthcare Value Analysis
Hi AHVAP Members,
Hospitals and health systems have undergone great financial strain. In particular, the challenges posted by COVID-19 to value analysis committees is to find more savings in an environment where:
- Revenues for hospitals have declined sharply as a result of the pandemic. This is in part caused by the numerous cancellations of elective procedures
- Revenue decline has been met with a steep increase in costs for hospitals since the beginning of COVID-19
- The virus led to a rise in ICU patients, most of whom are medicare-aged, and for whom reimbursement is lower
- Hospitals have had to expend a lot of resources in supporting front-line healthcare workers like nurses
- Finally, additional resources were required to obtain supplies and PPE
In 2021, value analysis and supply chain leaders will have to juggle both cost-savings initiatives while ensuring patient-facing teams have all that they need.
Join us on Tuesday, Feb. 23, as Barbara Strain, one of the founders of AHVAP, and Austin Dirks, the CEO and founder of GreenLight Medical review the emerging themes, trends and challenges shaping the value analysis space in 2021 and how savings and patient care must be balanced in 2021.
Best,
The GreenLight Medical Team
