Welcome to AHRMM's healthcare supply chain Lexicon. This database contains terms used throughout the healthcare supply chain field. Simply click on the link to access the entire definition.
AHRMM thanks Kate Vitasek and Supply Chain Visions for their contribution of certain terms to the Lexicon. Terms supplied by Supply Chain Visions are used with permission. Supply Chain Vision’s Glossary of Supply Chain Management Terms appears on the Council of Supply Chain Management Professionals website. AHRMM also acknowledges Michael B. Neely with Perimeter Solutions Group for his role in developing healthcare-specific terms.
VagotomyInvolves the removal of the vagus nerve, which sends information between the stomach and the brain. Vagotomy typically used to treat ulcers, was promoted by surgeons in the 1980s as a weight loss procedure since it led to a feeling of fullness in patients who had the procedure. It lost its appeal due to the popularity of other procedures, however, with today¿s focus on weight loss due to the high prevalence of obesity and diabetes it is once again being explored as an alternative.
ValidationTo check whether a document is the correct type for a particular EDI system, as agreed upon by the trading partners, in order to determine whether the document is going to or coming from an authorized EDI user.
ValidationProcess of checking whether a document is the correct type for a particular EDI transaction, as agreed upon by the trading partners.
Value AddedIncreased or improved value, worth, functionality or usefulness.
Value AddedIncreased or improved value, worth, functionality or usefulness. Typically something that the supplier will offer to improve the selling position and enhance benefits to the hospital.
Value AnalysisA method to determine how features of a product or service relate to cost, functionality, appeal and utility to a customer (i.e., engineering value analysis). Also see: Target Costing
Value AnalysisA formal process and methodology applied in healthcare to determine how features of a product or service relate to cost to insure that the best possible "value" is received for all purchases. Typically managed by cross functional or multi-discipline teams with over sight provided by an executive level team. Consists of formal steps which function best when followed in order and no step is skipped: 5 Step Principles of Value Analysis: 1) Define the Need; identify essential characteristics and the cost of the practice 2) Assess Current Practice; verify all users and uses 3) Explore Alternative Solutions; what are others doing, review literature 4) Choose the Most Cost Effective Solution; review specifics, assess quality, cost 5) Implement the New Practice; build a plan, communicate, monitor and validate results