As already mentioned. the key to realizing true organizational impact with actual improvements in cost and quality management is in operationalizing opportunities. Three distinct types of services are available. The service categories are complementary to each other and can be considered individually or in various combinations. All of the categories are based on operational data with specific deliverables that are data-driven and are described as:
- Data Extraction, Collection and Submission Services – assembly of key organizational data from disparate sources using enterprise business modeling and data warehousing concepts.
- Directional Advisory Services – analysis, qualification, and quantification of operational improvement opportunities transformed into target-setting and budget incorporation.
- Desktop Dashboard Application – provision of an operations management dashboard for daily use by individual department managers and functional directors.
Key Tools
- Correlated Labor Cost Analysis
- Scheduled Volume (Work Order Concept)
- “Basic” Lean
- Activity-Based Operations Management (ABOM)
- Cause & Effect Analysis
- Pareto Analysis
The ideal outcome is the creation of departmental dashboards to continuously monitor ongoing operations, balancing cost and quality measures focused on continuous improvement.
Engagement Approach
Engagements with healthcare organizations can be flexibly determined, defined, and contracted based on specific organizational goals and objectives.
Contractual agreements are mutually determined and are based on a Shared Success concept with the following components:
- Mutually determined measurement of operational savings resulting from the engagement.
- Payment to DataVantage Analytics based on a mutually determined percentage of realized organizational benefit.
- NO upfront costs and NO payments until measured results are realized
- Project approach based on specific organizational priorities
- Requires specific organizational data provided to DataVantage Analytics