Building a Successful Cost Reduction Program Without a Consultant
February 12, 2021
Originally aired on HFMA
Many healthcare organizations think that the only way to find a successful cost reduction program is to look for outside a third-party consulting firm. But if health systems instead leverage their own data and resources, they will find a more effective and sustainable method to get savings opportunities. But where do you start?
When it comes to having the knowledge, tools, data, and ability to identify these opportunities, you are already closer than you think. By diagnosing key organizational inefficiencies, you can discover valuable cost savings opportunities.
During this session, you’ll learn how organizations like yours are leveraging centralized, automated tracking to drive continuous improvement efforts. We will share how organizations in our network have taken ownership of the identification and tracking of cost savings initiatives to maintain a plan and process for the future—empowering them to use the data they already have.
Learning Objectives:
- Identify the key players and steps needed to creative an effective cost reduction plan
- Discover how to automate opportunity identification and tracking across your health system
- Learn how to create a continuous process that drives accountability for results
- Understand the actions needed across your organization to drive success
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