Community Corner
Business Metrics for Health Care Organizations - Webinar By MentorHealth
Overview: Although a business must be profitable to be successful, there is more to success than the bottom line. By tracking and appropriately utilizing the right metrics, your organization can greatly increase its chances of success.Measuring performance is crucial to ensuring efficiency and cost-effectiveness.
Health care managers can use business metrics to measure all aspects of their organization's performance. Measuring performance using business metrics can help you to compare results with internal expectations and external results. Knowing what to measure and which business metrics to use can help you to determine which metrics will provide the best insight into any specific issue.
This Webinar offers ways to maintain and analyze your company's metrics, set goals and monitor performance. These measurements become the basis for improving organizational efficiency and effectiveness and to allow on-going benchmarking.It includes a discussion of what successful companies do in their business that helps them achieve their success. The Webinar will offer business improvement ideas to assist the attendee in achieving, maintaining or improving business excellence.
It will answer such questions as:
- How can I survive reduced reimbursement levels?
- How can I reduce operating costs/?
- How do I improve business efficiencies?
- How do I track performance?
- What is the industry standard?
- How am I doing compared to others?
These tools can become the basis for improving organizational efficiency and effectiveness and to allow on-going internal as well as external benchmarking on a "real-time" basis.To provide performance measurement tools to help improve business processes and increase profitability through enhanced efficiencies.
The data driven business:
- Knows its cost of doing business
- Defines and standardizes work processes
- Knows how performance is trending and how it stacks up versus your competition
- Continues to improve, reinventing itself
Why should you attend: If a leadership team isn't reacting to daily or weekly reports, they are late in responding. To offset declining reimbursements, rising labor costs and razor-thin margins with smarter faster, better management, efficient, effective and relevant business metrics are essential.Knowing which factors cause problems is the first step to solving them.
Business Metrics
- Measure the impact of changes on a process
- Identify and understand relationships that might help explain variation
- Control a process (monitor process performance)
- Avoid solutions that don't solve the problem
- Reduce waste and identify and put a stop to inefficient processes.
Companies that pay attention to Business Metrics are able to spot problems and opportunities first. Having a firm grasp on where you are now enables you to establish realistic goals for the future.
The elements that a metric driven company looks at include:
- Metrics
- Best Practices
- Baselines
- Trend line Forecasts
- Benchmarks
Areas Covered in the Session:
- Why Business Metrics?
- The Data Driven Business
- Analysing Activities
- Identifying Costs
- Measuring Business Processes
- Making Metrics Work for You
Who Will Benefit:
- Department Directors
- Business Development Managers
- Owners/CEOs
- Financial Officers
MentorHealth
Phone No: 800-385-1607
FaX: 302-288-6884
webinars@mentorhealth.com
Event Link: http://bit.ly/Ksrp9W
http://www.mentorhealth.com/
