Sustainable Cost Reduction Strategies
Sustainable Productivity Improvement Strategies
It seems that every other headline in the healthcare news tells a similar story, a health system is cutting jobs to achieve financial stability. The current industry environment is challenging leadership on multiple fronts. Strategic initiatives require balance among cost, quality, process improvement, and patient outcomes. We can help you navigate these challenges by providing a program tailored specifically to your organization, your culture. Our approach yields significant financial improvement, 3%-7%, without compromising quality and safety.
“EHS built a positive rapport with our managers and executives, focused on factors we could control, and helped begin our cultural transformation to become a more effective, efficient organization. We are now better prepared for the pending changes in healthcare reform." Ray Leggett (Client CEO, Southeast United States)
Accountability and Buy-In
There is no shortcut to productivity improvement. An industry benchmark may be a starting point but how do you gain buy-in and enact change? In concert with departmental managers, we develop realistic short- and long-term volume-based staffing targets; develop staffing plans and grids; and produce detailed recommendations to achieve and maintain acceptable productivity levels. At every step, we work with hospital staff, management, and administration to ensure alignment to the targets and recommendations. This approach resolves the ineffectiveness of the benchmark. The most crucial step is the development of a strategic management action plan (MAP) to achieve defined improvement opportunities.
Our Strategic Cost Management (SCM) programs reduce costs and builds a culture focused on continual process improvement, quality healthcare, and sound financial performance. We will fulfill your investment in productivity through sustainable improvements that yield significant financial gains. When front-line staff are provided with tools, education, and timely data to make effective decisions, they are primed for success in achieving their set targets. EHS works side-by-side with front-line staff to:
Evaluate hospital and department specific data.
Determine optimal resource allocation to achieve quality and cost goals.
Develop a strategic management action plan for change and process improvement and
Provide routine concise feedback on goal attainment, which leads to sustainability.
“Rather than having change dictated to me, I was involved with the entire process. Being included gave me a different perspective of the engagement, and I knew my set targets were achievable. With our productivity tool, I am now empowered to effectively manage my department. It’s great!” (OR Director Southeast United States)