Process Improvement Advice & Best Practices
Hospital Lean Six Sigma Process Improvement: The Most Important Piece of Your 2012 Budget
The most successful healthcare organizations know this: Increasing revenue is always good, but cutting costs with a red pen is not always the answer.
Implementing healthcare lean Six Sigma training practices is not as scary as it sounds, and improving hospital processes can significantly increase profitability and impact your bottom line.
In fact, hundreds of healthcare organizations have turned to NOVACES for guidance in process improvement and lean Six Sigma practices. Here are just a few examples of how NOVACES has helped them:
- Eliminated the use of inaccurate and obsolete codes on outpatient records, recapturing over $1,500,000 of revenue per year in lost productivity.
- Reducing medical training facility wait time from an average of 17 days to 13 days with an associated average savings of $736 per student, and an annualized hard savings of $1.3 million.
- Decreased the number of employees not receiving proper occupational health screenings by 500%; workflow improvement and training programs produced annual savings of over $500,000.
- Reduced the credentialing cycle time for physicians by 30%, generating an annualized savings of $477,000; reduced credentialing cycle time for registered nurses from 38 days to 20 days for a savings of $312,000.
NOVACES is one of the country’s most experienced healthcare and hospital lean six sigma and performance improvement consulting firms. Our expert staff of lean six sigma black belts has decades of experience in systematically improving processes and efficiencies for hospitals, governments and municipalities.
Building healthcare process improvement into your 2012 budget will help you increase profitability and reach your 2012 revenue goals.
Interested in learning more? Simply complete the form on this page and a NOVACES healthcare process improvement expert will contact you to discuss how we can help you improve efficiencies within your organization and meet your 2012 revenue goals.
Still want more? Download the NOVACES Healthcare Brochure or read Performance Improvement for Healthcare.
