Strategic Marketplace Initiative (SMI) Releases New Value Analysis Model

Scituate, MA (April 22, 2015):    The Strategic Marketplace Initiative (SMI®) today released a new resource for the healthcare supply chain industry entitled “Value Analysis, A New Model for Healthcare.”  This document proposes a new model for value analysis programs at provider systems and is available, at no-charge, on the SMI website:   This document is designed to provide supply chain professionals with a clear vision for advancing and maturing their value analysis programs and also includes a standardized Request for Information (RFI) form.  

This comprehensive document and RFI form were developed by a team of SMI members, all thought-leader executives in the healthcare supply chain industry, under the leadership of Mary Beth Lang, R.Ph., M.P.M. D.Sc, Vice President HC Pharmacy and SCM Commercial Services at UPMC and in collaboration with the Association of Healthcare Value Analysis Professionals (AHVAP).   This document presents a new model to consider centered on clinical integration, standardized implementation using formulary management, and engagement of senior leadership. 

SMI member and team leader Mary Beth Lang said, “Many healthcare providers are faced with the challenge of updating and expanding their value analysis programs, as reimbursement models shift from volume to value.  SMI members recognized this challenge and worked to provide the industry with a more integrated and collaborative approach to value analysis.”

Mary Beth Potter, RN, President of AHVAP said, “Both AHVAP and SMI recognize the importance of having a comprehensive value analysis program focused on quality of care and not cost.”  AHVAP is currently developing the first value analysis credentialing program to begin in 2015.    

The “Value Analysis, A New Model for Healthcare” document and RFI form are available for download, at no cost on the SMI website at:  This resource, along with 29 other downloadable tools and solutions are available on the SMI website, and are designed to help industry professionals address real supply chain issues and challenges.