What We Do | Vendor Selection Methodology Product Sheet - PDF
Vendor Selection Methodology

The Product
Effective health care information systems are a critical success factor for sustainable growth and operational performance. Fulcrum Methods Vendor Selection Methodology (VSM 2009) provides a structured approach and tools to analyze, plan, evaluate and select information systems that deliver maximum value with minimum costs and risks. Use VSM 2009 to:

  • Assess current information systems features/functions/capabilities/costs/ benefits against other systems in the market
  • Select a new or replacement information system:
    • Enterprise-wide clinical (e.g., EMR, Decision Support)
    • Financial information system (e.g., General Financials, Revenue Cycle)
    • Departmentally focused system (e.g., Laboratory, Radiology, Pharmacy)
    • Service line information system (e.g., Cardiology, Obstetrics, Emergency)
    • Majority/single vendor, best-of-breed, cluster or discrete system purchase
  • Conduct a comprehensive Cost-Benefit Analysis to determine total cost of ownership (TCO) and return on investment (ROI). Analyze benefits for cash savings, efficiency, new revenue and strategic basis
  • Negotiate performance and benefits-based contracts with the vendor
     

" Fulcrum Methods VSM has helped us navigate through the complexities of our vendor selection and acquisition and guided us toward the product that best met our goals and needs. In the process, it educated our project team members on product capabilities, industry best practices and alternative implementation scenarios to maximize our benefits and limit our costs and risks. "

Katherine Sorenson, Vice President
John Muir Physician Network


The Power

  • Decreases selection project time
  • Faster benefits realization
  • Reduces risk of failed implementation through use of proven process
  • Scenario-based demonstrations ensure products can perform required tasks
  • Proven, pre-defined quality control points
  • Harmonizes process design and technology with what the vendor can deliver
  • Realistic and balanced implementation planning prior to contract execution

The Value

  • Reduce costs and increase performance
  • Accurately forecast requirements for resources/costs/benefits
  • Comprehensively align selected vendor/system with organizational needs
  • Reduce risk through performance and benefits-based contracting
  • Provide continuing education with Fulcrum Methods Certification Program
  • Flexible licensing structure scalable to your requirements

Project Management Office: Long Range Planning - Vendor Selection - Implementation: Organization Change Management Program Management Office Vendor Selection Systems Implementation Methodology Long Range Planning Organization Change Management

Posted March 4, 2009

 

Fulcrum Methods is a proficiency development company focused on the health care industry. We license, implement and train on methodologies that manage information technology and change management initiatives. Our approach delivers immediate value to health care organizations while developing sustained core competencies.