Webinar: Value analysis: Eliminating unnecessary supply-chain spend and ensuring sustainability

The healthcare supply chain is rife with opportunity for value analysis, a multidisciplinary process that examines the quality, safety, efficacy and overall cost of current practices and products.

A clinically focused value analysis program can help organizations make data-driven decisions that reduce unnecessary costs while simultaneously enhancing patient care. Lifepoint Health – a care provider with a network of more than 50,000 employees, 62 community hospital campuses, more than 60 rehabilitation and behavioral hospitals, and 250-plus other care sites – saw this opportunity and partnered with value analysis leader HealthTrust to seize it. An innovative structure and governance model was implemented across each Lifepoint facility, with five distinct initiatives valued at over $1 million.

Attend our webinar to:

• Understand the benefits of a structurally sound Value Analysis program
• See the importance of working with a trusted partner
• Identify follow-through steps that lead to long-term success

Rick Phillips
Vice President, Advisory Services
HealthTrust Performance Group

Rick Phillips is the vice president of advisory services for HealthTrust, where he is responsible for leading the member support and consulting services including performance improvement, supply chain operations, surgical and perioperative service operations, pharmacy solutions, laboratory solutions and value analysis.

Phillips is an accomplished healthcare leader with more than 30 years of experience in clinical and executive leadership roles in Fortune 500 Healthcare companies. He has led organizations through transformational change while developing solutions to complex clinical and business challenges. He has applied his knowledge and experience to operations improvement, labor and non-labor optimization, service line development and growth initiatives in healthcare systems across the country.

In addition to a degree in Applied Health Sciences, Phillips is a summa cum laude graduate of Middle Georgia State University with a BS degree in Health Services Administration. Phillips maintains his board credentials as a Registered Radiologic Technologist in Radiography, Computed Tomography, and Magnetic Resonance Imaging. He is also a Certified Radiology Administrator and active member and volunteer of many professional organizations.

Jay Kirkpatrick
Vice President, Supply Chain Operations
LifePoint Health

As vice president for LifePoint Health’s supply chain operations, Jay Kirkpatrick provides strategic oversight for the management of all medical-surgical supplies, services and equipment for the organization. In his role, he leads the development of supplier/distributor relationships, oversees facility-based materials management activities, develops supply improvement and standardization initiatives and provides direction on acquisitions-related transition and due diligence processes.

Jay has been a leader in the healthcare supply chain space for more than 30 years. Before joining LifePoint Health, he most recently served as regional chief executive officer (CEO) for HealthTrust, where he oversaw group purchasing relationships with 17 healthcare systems with a total spend of $10 billion. Prior to that, he served in several roles for HCA Healthcare, including CEO of Nashville Supply Chain Services.

He holds a Bachelor of Science in business: production and operations management and procurement management from Miami University and a Master of Business Administration from Eastern Kentucky University. A certified materials resource professional (CMRP), he is a past president of the Association for Health Care Resource & Materials Management (AHRMM) and the recipient of both the AHRMM George R. Gossett Leadership Award and the GHX Supply Chain Leadership Award.

HealthTrust Performance Group is committed to strengthening provider performance and clinical excellence through total spend management solutions that leverage operator experience, scale and innovation.