Abstract
Value analysis teams, which standardize procurement and use of products across hospitals and health systems, have experienced great success in saving money for health care organizations. One example is the work of the Medical/Surgical Value Analysis Team at a larger New York metropolitan multihospital system, which has saved the system $1.2 million. This article examines what managers need to consider before forming such teams and how to guide the work. It will also look at the qualities and qualifications of the people who must be involved to make the process effective.