4 True Tales of Successful Financial Leadership
Karen Minich-Pourshadi, for HealthLeaders Media, June 13, 2011
- How Scripps Health Brewed Up a Plan That Saved $350K
This one, by Cheryl Clark, weighs in on a slightly smaller scale, but is no less rewarding, unless you're counting dollars exclusively. An audit of the food and beverage services at Scripps Health in San Diego last year uncovered enormous variation and expense throughout its five hospitals in just one little perk. The coffee. Seems some hospitals were sipping free "fancy" coffees while others had to make do with the cheap stuff. Long story short: Java consolidation saved $350K in year one. That kind of savings should give any financial leaders a wake up call.
- Bleeder to Feeder: How an ED Turned Its Business Around
The challenges at one Texas hospital's emergency department were numerous, but they all boiled down to a left-without-being-seen rate of 8-10%. Here's how hospital leaders re-engineered the department and its processes and stopped seeing business walk out the door. Jonathan Davis, president of Methodist Charlton Medical Center in south Dallas tells Philip Betbeze that he accomplished all this by invoking his philosophy of solving problems internally when possible. "Our lesson here," he said," is we're not spending money on a facility when we can't improve the process within it."
Karen Minich-Pourshadi is a Senior Editor with HealthLeaders Media.
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