Business cost reduction strategies to meet your specific goals
Does finding $1 million worth of cost savings in a $15 million budget sound good to you? That is typically the level of savings opportunities our senior care team will find after conducting an operations improvement assessment of a facility. The review team includes experienced clinicians and process improvement experts whom you can trust to understand your need to balance quality care with cost efficiencies.
Getting to know your specific needs
They will begin their review by getting to know your organization — its specific needs, goals, and mission. There will be a site visit and department interviews. During the process you will appreciate the team’s collaborative nature and its efforts to keep you informed.
With a minimum of staff interruption, our operations improvement team will gather data like your census figures and your staffing ratios. In each department they will look at your revenues and expenses. They will compare your figures against industry standards.
Translating the data into solutions
More than just benchmarking, however, the operational improvement team will look at the data in the context of your facility. So that you will have the information you need to make good decisions, they will quantify the impact of their suggested cost reduction strategy. They will evaluate the impact the solutions will have on your ability to provide quality care and on your budget. You also can rely on the team to prioritize the suggested solutions so that you understand what to do to make the biggest difference.
The operations improvement team will take a comprehensive look at your organization’s current performance suggesting revenue enhancements as well as operations improvements. You can also expect them to take a long view. They will look at your current situation as well as evaluate your future ability to maintain quality care.
After decision making comes implementation
When you have decided on which solutions to implement, you will find the professionals on the operations improvement team are particularly adept at helping you identify the key staffers you need to engage in the implementation process. Their experience in the senior living industry makes them exceptional partners in your efforts to execute the suggested solutions as part of your cost reduction program.
If you know you need to address operational issues at your facility, but you don’t have the time or don’t know where to begin, our operations improvement team can help. They are recognized leaders in the senior living industry. You can depend on them to invest in your mission and your future success.