While “reducing costs” sounds like a straightforward task, it’s not so simple, as organizations can’t sacrifice outcomes for the sake of savings. To achieve true value, leaders must find ways to improve outcomes without raising costs.
Developing a Continuous Improvement Culture
While having a tool like StrataJazz® Continuous Improvement to identify and track variation-based savings opportunities can be a game changer for any organization, it’s not enough to drive out costs. Anderson Regional Medical Center will tell their “CI Readiness Journey.” Specifically, they will talk about the three main factors that must be in place to align with successful cost reduction programs:
1. Priority for Savings
2. Governance Structures
In this session, you will learn how an organization like Anderson Regional’s ensures that all three factors are firmly in place with minimal risks or gaps, and how Strata makes sure that Continuous Improvement is successful with clients via a newly implemented, onsite Readiness Assessment before all implementations. Anderson Regional will speak to their assessment this past May, and share initial assessment results, their response to areas of improvement, and ultimately, show how their updated assessment results have led to their successful go-live that allowed them to hit the ground running.