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

Educational Objectives(S)
Upon completion of this activity, participants will be able to:

• Analyze metrics, set goals and monitor organizational performance.

CME Credit Statement
This activity has been planned and implemented in accordance with the Essential Areas and Policies of the Accreditation Council for Continuing Medical Education (ACCME) through the joint sponsorship of CFMC and MentorHealth. CFMC is accredited by the ACCME to provide continuing medical education for physicians. 

CFMC designates this educational activity for a maximum of 1 AMA PRA Category 1 Credit™. Physicians should only claim credit commensurate with the extent of their participation in the activity. 

Other Healthcare Professionals Credit Statement
This educational activity has been planned and implemented following the administrative and educational design criteria required for certification of health care professions continuing education credits. Registrants attending this activity may submit their certificate along with a copy of the course content to their professional organizations or state licensing agencies for recognition for 1 hour.

Disclosure Statement
It is the policy of CFMC and MentorHealth that the faculty discloses real or apparent conflicts of interest relating to the topics of the educational activity. All members of the faculty and planning team have nothing to disclose nor do they have any vested interests or affiliations 


Obtaining Certificate of Credit

Colorado Foundation for Medical Care (CFMC) hosts an online activity evaluation system, certificate and outcomes measurement process. Following the activity, you must link to CFMC's online site (link below) to complete the evaluation form in order to receive your certificate of credit. Once the evaluation form is complete and submitted, you will be automatically sent a copy of your certificate via email. Please note, participants must attend the entire activity to receive all types of credit. Continuing Education evaluation and request for certificates will be accepted up to 60 days post activity date. CFMC will keep a record of attendance on file for 6 years.


John Allman is a nationally known and respected health care professional. John has over 40 years of management experience in the hospital setting, home infusion and home medical equipment sectors. He has a thorough understanding of the challenges that face the health care industry and brings his experience to the table to help health care organizations successfully meet those challenges. And he is comfortable bringing his experience, knowledge and services to both the single location provider and the multi-million dollar national company. 


MentorHealth
Phone No: 800-385-1607
FaX: 302-288-6884
 webinars@mentorhealth.com
Event Link: http://bit.ly/Ksrp9W
http://www.mentorhealth.com/