In healthcare, much the same as in all other business, labor costs contribute to the largest portion of annual expenditures. Therefore, we at Altius believe it is critically important to not only routinely monitor this disbursement, but also to appropriately manage it. Our productivity and benchmarking services enable clients to do just that. We provide hospitals and healthcare systems with the tools necessary to properly align staff with changing patient volumes. Our proven process is focused on the successful evolution of healthcare organizations, providing highly effective means to controlling costs while enhancing the overall patient care experience.
As the popular saying goes, “time is money” and healthcare leaders know that waste can be extremely damaging to an organization’s bottom line. It is possible to run efficiently and still deliver quality care and a high level of patient/employee satisfaction. Assessing the status of your hospital or healthcare system is the first place to start. Our benchmarking process compares the current operating level of your organization to national, regional, and state standards as well as best in class facilities within a customized peer group. The Altius team of experienced and specialized consultants collaborates with the management team to conduct individual department assessments and obtain qualitative information on non-traditional practices and barriers to productivity. This data drives the development of realistic benchmarks, achievable targets, and detailed improvement recommendations for every functional area.
Once you know where your organization stands among competitors and within the industry at large, the next step is to capitalize on improvement opportunities and begin to realize savings. The benchmarking process and assessment phase provide the guidelines for effecting change. With these goals in place, it is time to take action towards achieving them by optimizing daily operations. Our consultants guide initiative planning exercises to inspire managers and collectively generate solutions to overcoming existing inefficiencies. Whether it is through improved scheduling practices or greater position control policies, immediate actions as well as long-term changes are outlined in the 30/60/90 day plans that are developed. In addition, the Altius team provides Prospective Staffing Tools, Daily Monitoring Grids, Staffing Guides, Efficiency Tools, and other implementation items to assist your organization’s leadership in meeting their performance targets. Having the appropriate support can make all the difference in elevating your productivity.
Reaching set goals is hard work, but sustaining the progress made is an even greater challenge. That is why Altius offers Bi-Weekly Monitoring Reports to provide real-time performance updates that encourage continued results. Our skilled Data Analysts and consultants deliver advanced report support that includes detailed report education/training and ongoing access to related help and resources. Our newest and greatest tool to maintaining increased efficiency is our client portal, Catalyst, which allows managers and executives to manipulate data, build customized reports, and forecast future changes. The portal also archives past productivity reports, provides education materials, and gives leadership entrance to a forum where ideas/issues can be discussed directly with peers. Routine tracking will instill accountability and keep a focus on productivity in the forefront so that your organization can properly address labor utilization as it moves towards a stronger future.
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