COST REDUCTION

Streamlined, Innovative, Savings….

Development through Training

Healthcare organizations are reinventing themselves amid economic and political pressures, while concurrently understanding the importance of being efficient and cost-effective in delivering their services. Successful strategies include reducing the length of stay (LOS), decreasing employee health costs by as much as 20%, and integrating the best practices in customer service.

Reduction of inpatient LOS and drug usage

Actual results show that enhancing the pre-and post-surgical care can reduce the length of hospital stay, and can have a significant impact on the overall costs. A study conducted by the Cleveland Clinic showed the integration of holistic medicine lowered LOS by 1.5 days per patient, and decreased pain medications by 50%.

Lowering length of stay based on evidence guidelines can free up capacity to increase admissions, decrease costs and improve quality by reducing practice vatiation.

Integration of best practices and customer service

Winning hospitals are learning that best practices include turning a patient contact into a pleasant patient journey. It is important to streamline current medical procedures, but equally important to include customer service, prompt delivery and patient comfort.

A 2007 McKinsey and Company report found that 41% of patients’ choice of hospital is based on their offerings of “amenities” that included integrative medicine and holistic therapies.

 
Increasingly patients are seeking less expensive and more customer service based care in doctor's offices and walk-in clinics. Hospitals can create a more streamlined and customer friendly experience to offer more choices to patients and consumers.

Enhance employee wellness to lower costs

Studies show that wellness programs in healthcare organizations improve employee retention, morale, and decreases medical errors. Best practices include prevention, intervention and chronic programs that achieve high employee participation.
 
Proven return on investment (ROI) is substantial and creates a win-win situation for both the employer and employee. The actual documented results show financial returns of $6 for every $1 spent. We attained this creating custom solutions that are easily driven and managed internally, thereby resulting to long-term success. 
 
Actual data from offering natural medicine to hospital staff produced the following to lower employee turnover:
 

 √ Reduced nurse turnover from 21.5% to 8.8% in less than three years with annualized saving of $800,000.

√ Licensed staff vacancies dropped from 7.8% to 1.5%, and non-licensed staff vacancies dropped from 4.8% to 0.5% in six months.