What does business management have to do with healthcare? Apparently, a lot. Six Sigma and Lean are strategies employed by manufacturing companies to enhance the quality and efficiency of production processes. Lately, however, these business management plans have proven application to other sectors like clinical and translational research.
Improving a Hospital
Results in the healthcare sector have been fruitful. A New York hospital and medical studies system, with a history a century old, started to enact change in their services in 2013. They envisioned an improved quality of healthcare as well as financial strength. Leaders have studied Six Sigma principles, which they subsequently applied in the system immediately.
The first project reduced the turnaround time of laboratory blood specimen, and lead to more than half a million annual savings. Succeeding projects were just as cost-effective. IV pump shortages were mitigated, yielding a $500K savings. Tests that were sustainable in-house led to a million in savings. With the success of Lean and Six Sigma integration, the hospital started offering courses on the business management strategies.
Your Organization’s Turn
You can have the same success in your organization. Lean and Six Sigma have constantly proved their effectiveness even beyond the manufacturing sector as proved by the New York hospital. KPI Fire added that you can undergo training not only to use project management techniques and methodologies, but also to analyze data effectively on KPI dashboard software. This can be the driving force of your organization’s transformation.
Dashboards help in precisely monitoring your project progress. It also helps you identify potential flaws, allowing for swift action to patch up errors. Finally, the software aids your efforts by integrating improvement programs to long-term goals that bring your people, your organizations processes, and the information you hold, together.
It seems that not all things can be neatly categorized. Who knew you could apply business management methodologies to organizations that do not technically have a product to sell.