Create expense reduction analysts from your workforce to reduce costs.
- Author Lisa Miller
- Published September 23, 2010
- Word count 378
It's not always easy to find the cost savings opportunities in your organization. Enlisting the help of your staff is a wise thing since they experience operations every day. They see where the efficiencies are lacking and they probably have some pretty good ideas as to how to make viable improvements.
Your staff is not just going to tell you how to make things better. They probably don't think you would believe them. They may even feel that their opinion doesn't matter.
Well, the truth is that your hospital's staff is capable of saving you $100,000 or more if they had the chance to share those ideas. They are an integral part of your organization and can be trained to be proactive in reducing costs for your organization.
Baptist Healthcare in Pensacola, Florida, named one of the top 100 places to work, received a total of 9,316 ideas from employees in 2004. These ideas resulted in 98,042 hours saved and a cost savings of $8 million!
VIE Healthcare's Excite! Program cultivates a high performance culture that encourages executives, managers and ancillary staff members to think creatively about expense reduction and operational efficiency. Consequently, they generate highly effective cost reduction initiatives for their specific environment, which result in huge savings for the hospital.
After a few sessions with your staff, VIE Healthcare will train your workforce in the science of ingenuity to create brilliant cost savings ideas. By tapping into these resources and implementing practical cost savings ideas you will never need to hire another cost reduction consultant again. You will be able to generate a perpetual list of ideas that will save your hospital hundreds of thousands of dollars.
After the needs of the organization are clearly outlined, we set the team loose in a facilitated Idea Program. The results: an informed list of immediate actions that your organization can implement to cut costs. Here are some examples:
Marshall Hospital, in Placerville, CA tapped into the creativity of 12 people and received ideas worth $300,000 in savings.
Lourdes Health System in Camden, New Jersey had 10 of its employees go through the "Excite! Program" and had over 75 cost reduction and revenue improvement ideas in just 3 hours.
VIE Healthcare's Excite! Program is one of the most cost effective ways to reduce costs and increase revenue in your hospital.
VIE Healthcare's goal and only focus is to work with hospitals to achieve bottom line results by identifying cost savings, improving existing processes, and identifying revenue improvement opportunities through the supply chain. VIE offers innovative, healthcare supply chain and management services that will provide real and sustainable results. 888-484-3332 www.viehealthcare.com
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