Embracing Operational Effectiveness to Drive Performance

During the past 18 months, hospitals and health systems have focused on reducing expense mostly through FTE attrition.  Many health systems and hospitals are at a point where reducing costs cannot come from reducing FTEs but must occur from other places. High performing healthcare organizations have focused not only on reducing costs through minimizing inefficiencies but maximizing revenues as well. Developing a culture of continuous improvement allows the organization to not only meet its clinical and financial goals but exceed them.  High performing organizations accomplish this by implementing Lean methodologies to eliminate waste, operate more efficiently and increase clinical outcomes with patients. In this episode of Value-Based Care Insights, Daniel J. Marino speaks to Kate Geick of Lumina Health Partners to discuss how operational effectiveness through staff engagement and commitment can yield in improved operational and financial performance. Read more on our insights page at www.luminahp.com/insights.