How did the number one ranking academic medical center in patient survival save $46 million in financial benefits last year? Denver Health has committed to 400 rapid-improvement projects and attributes the resulting $135 million in financial benefits to Lean, an approach to reducing waste and inefficiency, Hospitals & Health Networks Daily reported.
In 2011, the hospital faced $450 million in uncompensated care, compared to $275 million in 2007. With a challenging financial situation, to say the least, the public hospital system credited its turnaround to Lean. Denver Health picked five areas to focus on in reducing waste, some in the short term and others in the long term: revenue cycle, community health, primary care, hospital flow and the operating room.
Read more: http://www.fiercehealthcare.com
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