QHR Selects The HCP Group, Ltd. As Strategic Service Partner for Supply/Value Chain Savings
QHR’s Materiel Resource Group (“QMRG”), has developed a Strategic Value Management Program™ using value management analytical expertise and proprietary software developed by The HCP Group, Ltd. (“HCP”), of Skippack, PA. This program will provide QHR’s healthcare clients with supply chain savings “beyond price discounts” through better supply/value chain management utilizing the tools and techniques of value analysis. Specifically, the program analyzes supply-value chain expenses and identifies savings opportunities in several supply/value chain management categories.
(PRWEB) August 7, 2003
Brentwood, TN (PRWEB) August, 2003 – QHR’s Materiel Resource Group (“QMRG”), has developed a Strategic Value Management Program™ using value management analytical expertise and proprietary software developed by The HCP Group, Ltd. (“HCP”), of Skippack, PA. This program will provide QHR’s healthcare clients with supply chain savings “beyond price discounts” through better supply/value chain management utilizing the tools and techniques of value analysis. Specifically, the program analyzes supply-value chain expenses and identifies savings opportunities in several supply/value chain management categories.
“HCP’s definition of value analysis is a function-oriented, systematic approach for investigating the right functions and lower cost alternatives for the millions of dollars of purchases made annually by a healthcare organization,” said Brian Hitchcock, Vice President of QMRG. “ The initial “no cost” analysis conducted by HCP looks at what the hospital is buying, how those products are currently utilized and how they can be better utilized.” The hospital can also use HCP’s value analysis software, which is designed to functionally analyze, plan, implement, measure and report on improvements in their supply/value chain management efforts.
“For example, a client may be buying five different classes of pacemakers from several manufacturers,” said Hitchcock. “HCP software provides templates that enable clients to identify all of the functional characteristics of their pacemakers. Clients can then work with its clinicians to purchase fewer classes of pacemakers yet still meet all clinical needs. And generate big savings for their hospital.”
As part of the supply chain solutions package offered through QMRG, HCP will also be offering hospital clients a menu of discounted assessments, training, facilitation and coaching services to enable them to move to the next level of savings -- beyond price -- once the initial “no cost – no obligation” assessment has been completed for their facility.”
HCP’s President, Robert T. Yokl, states that he is “very excited about this new strategic relationship with QMRG, since it enables QMRG’s clients to take advantage of HCP’s advanced tools, training and expertise in value analysis to lower their total cost by as much as 6% to 9% ‘beyond price’. In my opinion, this is the type of value-added service that the marketplace is looking for to control their supply/value chain expenses and I congratulate QMRG for being a trailblazer in this area of hospital operations.”
QHR provides management advisory services, implementation support, education and training programs, consulting and related services to independent hospitals and health systems. It serves over 300 hospitals across 43 states.
QMRG, QHRÂ’s Materiel Resource Group, offers supply chain solutions to the healthcare industry.
The HCP Group, Ltd, headquartered in Skippack, Pennsylvania, was founded in 1987 to teach healthcare organizations how to more successfully manage and control their supply/value chain cost. Over the last few years, HCP has saved $100 MILLION DOLLARS for hospitals, healthcare systems and integrated delivery networks with its Value-Based Solutions.
Strategic Value Management Program™ is a trademark of The HCP Group, Ltd., Skippack, Pa.
