Navigating Healthcare Value Analysis in 2024: Key Takeaways from the GHX-AHVAP Survey

Tuesday, November 5th, 2024 | 1:00 PM - 2:00 PM CT 

In the wake of significant challenges and changes in the healthcare landscape, the 2024 GHX and AHVAP industry survey, performed over the summer of 2024, presents crucial insights into the future of healthcare value analysis (HVA). Join industry leaders Suzanne Smith from GHX and Karen Niven from AHVAP as they dive into key findings from this year’s whitepaper, shedding light on critical areas of concern and growth for healthcare organizations.

This webinar will focus on three major topics: the looming knowledge drain due to the impending retirement of experienced professionals (with nearly 20% of respondents having over 16 years of experience), the growing need for financial literacy within HVA roles (over 54% of respondents lacked a comprehensive understanding of their organization’s net patient revenue), and the increasing urgency of securing physician engagement in supply chain decisions (85% of respondents reported 'less than strong' physician involvement). Through real-world examples and data-driven insights, attendees will learn actionable strategies to strengthen their value analysis processes and prepare for the future.

For a deeper dive into the survey findings and to set the stage for this discussion, make sure to download and review the 2024 GHX-AHVAP Healthcare Value Analysis Whitepaper, which delves into critical trends, data insights, and strategic recommendations for the future of HVA.

Objectives/Takeaways:
 
  • Addressing the Knowledge Drain in HVA: Understand the implications of a looming experience gap as seasoned value analysis professionals approach retirement. Learn strategies for succession planning, mentorship, and knowledge transfer to ensure continuity in value analysis excellence.
  • Understanding and Tackling Financial Literacy Gaps: Discover why nearly 55% of HVA professionals report a lack of financial literacy, and explore initiatives that can close this critical gap, ensuring more effective decision-making and alignment with organizational financial goals.
  • Building Critical Physician Engagement: Physician participation is no longer optional in HVA. Learn practical ways to improve clinical and financial alignment by engaging physicians in value analysis processes, supported by the latest data on engagement trends.

Presenters:

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Suzanne Smith, BSN, RN

Principal Solution Advisor, Value Analysis and Strategic Sourcing, GHX

Karen Niven headshot for PPT

Karen Niven, MS, BSN, RN, CVAPHPTM, FACHDM, FAHVAP

President, Board of Directors (2024), Association of Healthcare Value Analysis Professionals (AHVAP)