Other Key Takeaways:
Survey respondents highlight critical areas of concern and opportunity for HVA professionals:
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Data-Driven Decision-Making: The survey data indicates a clear trend towards the adoption of advanced analytics and data-driven decision-making in value analysis. In 2024, 34.04% of organizations reported using comprehensive tools and resources to inform their value analysis processes. This reflects a slight increase from 2023, when 32.93% of respondents indicated use of similar advanced analytics tools.
Resilience in Supply Chain Programs: The survey highlights a significant increase in the emphasis placed on resilience within supply chain and value analysis programs. This year, respondents rated the resilience of their programs with a weighted average score of 3.74 out of 5, marking an improvement from 3.45 in 2023.
Savings Targets: 72.41% of healthcare organizations surveyed have savings targets tied to their budgets. This highlights the critical need for HVA to meet financial objectives while ensuring patient care quality. However, more than 54% of respondents still lack a comprehensive understanding of their organization's net patient revenue (NPR), underscoring the importance of financial literacy initiatives.
For more insight on HVA challenges and opportunities, download the full whitepaper here.
Methodology
The survey was completed by 1,635 U.S. healthcare leaders between June 25 and July 19, 2024. Survey respondents represent a wide range of healthcare delivery systems, with the majority (57.8%) being part of integrated delivery networks (IDNs).
About GHX
Building on decades of collaboration among providers, manufacturers, distributors and other industry stakeholders, Global Healthcare Exchange, LLC (GHX) is leading the charge in helping organizations run the new business of healthcare. By automating key business processes and translating evidence-based analytics and data into meaningful action, GHX is helping the healthcare ecosystem to move faster, operate more intelligently and achieve greater outcomes. With the support of GHX, healthcare organizations have removed billions of dollars of wasteful healthcare spend. For more information on GHX's suite of cloud-based supply chain solutions, visit www.ghx.com and The Healthcare Hub.
Media contact:
Eileen Flynn, Tier One/GHX
eflynn@wearetierone.com
(781) 572-4912
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