Strategic Cost Management
Today’s healthcare organizations need to manage operating costs without adversely affecting patient outcomes. Our Strategic Cost Management consultant team has helped more than 300 hospitals, healthcare systems and academic medical centers in North America pinpoint and take advantage of resource management opportunities.
Our customized approach, combined with our proprietary analytics software, has helped these institutions improve their financial performance up to 10% and improve service levels to patients. Our approach also helps to strengthen management infrastructure and create a culture with stronger financial controls.
Our Approach:
- We identify and quantify opportunities for improving staffing effectiveness.
- We work cooperatively with all levels of client management to achieve buy-in on changes to improve efficiency.
- We implement systems to perpetuate these positive results, including a hospital-wide, user-friendly, web-based Management Reporting System.
We reject the typical “slash and burn” approach, instead capturing cost savings through attrition, reduced overtime and agency hours, skill mix adjustments, volume absorption and career redirection. Implementation includes establishment of institution-specific service levels and staffing data, work re-design, management development and other techniques that assist managers with improving operational effectiveness.
Why choose the Delta Health, an InfoLogix company:
- Our consultants apply their vast clinical experience (average of 25 years) to analyze your unique situation.
- We use our expertise to develop an objective, client-specific solution in cooperation with your management.
- Our process strives for your departmental management buy-in prior to implementation.
- We conduct service audits to ensure that neither service nor quality are compromised during periods of change.
- Our proprietary MRS Web system holds our proposed system of savings in place, making the savings ongoing and allowing for a more sophisticated budgeting process.
View the Delta Health overview here.
Contact us today to discuss your specific institution’s needs.