Lean Six Sigma and Cost Savings in Surgery

Hospitals and healthcare systems in general are full of areas just begging for process improvements.  The sophisticated nature of the environment, by virtue of personnel and associated education, expertise, and demand – paired with sophisticated equipment and extremely low tolerance for failures, makes solid process and associated process improvement a high priority. Lean Six Sigma (LSS) sponsors and project leaders have fertile ground here:  There is much room for elimination of waste, for improved process flow, for higher rates of...

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Operational Excellence Strategy for Medical Organizations

Healthcare is a ripe area for operational improvement.  The economy has put pressure on hospitals and clinics because their systems cannot sustain the rise in costs, nor can consumers and allied healthcare plans bear many more increases in costs. Lean Six Sigma (LSS) and Op Ex sponsors and associated project leaders have fertile ground here:  There is a lot of room for eliminating waste, for improving process flow, and even increasing revenues for health organizations by virtue of increased patient flow. At the same time, it’s critical...

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Sustainability & Operational Excellence

All businesses must change, grow and meet challenges in surviving and thriving.  Within dynamic change and challenge arise problems.  Generally, most businesses know what needs to be fixed, but understanding exactly how to effect fixes is another matter. This is where Lean Six Sigma’s (LSS) QPE methodology can serve.  QPE stands for:  Quantify, Prioritize, and Eliminate.  QPE methods provide the institutionalization of continuous elimination of constraints throughout the value chain.  QPE establishes metrics paired with a disciplined...

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Achieving Value & ROI through the Right Projects

A project means nothing without a delivery – a valid delivery that serves business in a meaningful way. In achieving value and proper returns, an initial benefits estimation is key.  It must be accurate and show targeted areas of improvement as addressed by the project and its initiatives.  In this regard, the senior executive class is then likely to support and sanction the project, as well as its priority ranking in the hierarchy of other projects and initiatives that compete for the same resources.  Those resources comprise such things...

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Financial Impact Analysis of Lean Six Sigma Projects

The analysis of Lean Six Sigma (LSS) projects from a financial perspective does some very important things.  First, Financial Impact Analysis (FIA) is a tool that allows executives and managers to examine the financial impacts of proposed projects prior to dedicating valuable resources, helping to make valid justifications and decisions for those projects.  Second, FIA monitors and reports ongoing improvement processes in tracking true, actual, savings and revenue impacts to specific areas. Further, particularly during lean times, FIA can...

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