Reducing Cost by Eliminating Waste (6/26/2020)

Learn about strategies to evaluate waste versus cost with the patient experience in mind. You'll learn about Virginia Mason's areas of focus that have contributed favorably to the health system's margin.

Original Live Date: 6/26/2020)

Tag(s) (CL) - Student, (CL) - Early Careerist, (CL) - Experienced Professional, (CL) - Mid-Senior, (CL) - Executive, Financial Leadership, (DM) - Self Study, (ST) - Accounting and Financial Reporting, (ST) - Finance and Business Strategy, (ST) - Financial Counseling, (ST) - Operations and Other Technology, (ST) - Operations Management, (ST) - Return on Investment, (ST) - Staff Development, (ST) - Technology, (PL) - Basic, (RF) - Business Development, (RF) - Business Operations, (RF) - Patient Engagement, (RF) - Patient Experience, (RF) - Patient Financial Services, (AD) - Hospitals and Other Providers, (AD) - Physicians and Other Practitioners, (AD) - Health Plans, (AD) - Business Partners

Description

Describe the Virginia Mason's Production System and how the quality education helps focus the improvement on waste versus cost.
Examine how to align department improvement work with the overall organization
Set stretch targets to help teams find innovative ways to remove waste
Describe examples of healthcare opportunities that are ripe for Cost (waste) reduction in ambulatory, hospital and corporate environments