During the summer months, there is a lot to celebrate. Whether the gathering is to recognize an achievement, a milestone, or simply to share a bit of comradery, parties, like productivity, bring people together. This year, while you are toasting a birthday, the great weather, or just spending time with family and friends, consider serving up one of the ALTIUS team’s productivity-approved cocktails/mocktails! Margarita Refreshing and bold, this zesty party staple has a long history, likely dating back to the 1930s, when there were no bottled mixes or blenders.
Category: Budget
The ALTIUS Guide to Drafting Your Fantasy Team – Part II
ALTIUS is back with the second installment of our Fantasy team series. To adequately discuss “team selection” through recruitment and retention strategies, we must first delve into the art of coaching: the good, the bad, and the misconceptions! Whether you are a hospital executive or department/service-line manager, it’s a high stress/big reward position. Leaders are the face of operations, setting the tone and establishing expectations.
The ALTIUS Guide to Drafting Your Fantasy Team
It’s that time of year again! The weather is cooling down, the leaves are changing, and football season has officially begun. In the spirit of the ever-popular Fantasy leagues, ALTIUS is kicking off a new series of effective tips to help healthcare leaders “draft” the most capable teams. “Who’s on your bench?” That’s the first topic we will tackle! Understanding the strengths and weaknesses of your current staff as well as having a “game plan” for any anticipated vacancies is crucial to sustained efficiency.
It’s All Relative!
Simply stated, productivity is the measure of input to output. It is typically tracked to gauge changes in performance over time. The most common way that healthcare organizations assess productivity is through internal comparisons against historical operations.
The “Lucky Charms” of Leadership
The recent challenges to and changes in the delivery of healthcare have spotlighted the demand for more enhanced leadership development moving forward. Throughout the pandemic, staff have displayed their resilience and ability to adapt, made possible by the innovative leaders that guided organizations through recovery towards stability without any predetermined path. This “trial by fire” approach was necessary given the unprecedented situation at hand, but has, in hindsight, proven the value of certain traits that need to be cultivated in future leaders.
Love Your Bottom Line
For most organizations, healthy finances are the pulse by which operations are measured and improvement strategies developed. Fiscal sustainability sets the tone for services and staffing, balancing cost with demand and quality. Though many would argue that employees, namely nurses, are the heart of a hospital or health system, it is truly a strong margin that determines viability.
Where Have all the Nurses Gone?
Long before the pandemic began, a shift started occurring in healthcare; an evolution of the nursing profession that introduced new opportunities to licensed staff, deviating from traditional patient care. While these innovative roles are enticing and serve to strengthen hospital operations by expanding skill sets and meeting previously unaddressed needs, these positions are creating further strain on care delivery. Staff shortages were already plaguing the industry and now nursing advancement is another element that organizations must navigate.
Should I Stay or Should I Go?
This is a question that many Americans have been asking themselves since the onset of the COVID-19 pandemic; is it better to stay home and visit with a doctor via a telehealth appointment, or is it worth it to venture into the office for a face-to-face visit? Born of necessity, the rapid expansion of the telehealth platform and its increasing popularity over the last 18 months have revolutionized the way that patients are receiving care. Telehealth appears to be one of the positive and lasting impacts of this mass-scale health crisis, widely adopted by providers as a commonplace treatment option. Though an in-person follow-up visit may eventually be required for some specialties, virtual visits have proven to provide the same level and quality of care as their in-person counterparts.
Productivity and Forecasting
Demand in healthcare, by nature, can be hard to predict. A fundamental part of care delivery is being prepared for the unexpected, whether that be the effects of a natural disaster, large-scale safety event, or global pandemic. However, that does not mean that daily staffing patterns and annual budgets should be buffered to accommodate the “what-ifs.
Productivity: It’s Not About Luck!
You don’t need a leprechaun or the “luck of the Irish” to reap the benefits of a productivity management system. Healthcare organizations across the country are managing their COVID-19 recovery through productivity by appropriately aligning their resources with rebounding patient volumes and current community needs. Productivity initiatives promote high-quality care, cost reduction, patient/employee satisfaction, and sustainability.