Institute for Healthcare Improvement: $10 Million in Savings: Reducing Hospital Operating Expenses While Improving Quality

Overview

Health care organizations across the globe must find ways to reduce operating expenses while improving quality. When faced with the need to reduce costs, many leaders think of only one solution: across-the-board cuts. What these leaders fail to realize is that hidden in their agendas are millions of dollars that can be removed without sacrificing overall quality.

In this new and timely seminar, Institute for Healthcare Improvement (IHI) faculty will present novel techniques for identifying and implementing optimal expense reduction opportunities in both clinical practice and operations. Faculty will also share methods to create a management system that captures, enhances, and sustains the financial gains realized from expense reduction processes. Participants will learn about reduction projects that have been implemented successfully at other organizations, including projects on preventing costly medical errors and bottlenecks in patient flow that cause inappropriate use of resources; reducing unneeded supply and staff expenses; and eliminating wasteful processes — all key elements in the push for cost reduction.

This two-day seminar, $10 Million in Savings: Reducing Hospital Operating Expenses While Improving Quality, will take place in Cambridge, Massachusetts, on July 27-28, 2010.

Watch a video of this seminar's faculty discussing what to focus on now:

Who Should Attend

What You'll Learn

This seminar is ideal for anyone involved in hospital operations, such as:

Operations Manager
Operations Director
Vice President of Operations
Finance Staff
Director of Organizational Development
Performance Improvement Staff
Administrative Director
Risk Management Staff
Department Head

This seminar is also vital for senior leaders who are involved in their hospital’s efforts to improve efficiency and cost, such as the CEO, COO, CMO, and CFO.

During this practical program, participants will:

Identify the primary areas where excess expense typically occurs in health care organizations
Hear novel methods for identifying waste in their organizations
Learn about strategies for reducing expenses and improving quality used in health care and other industries
Participate in discussions that develop cutting-edge strategies for capturing and quantifying dollars saved
Hear from industry leaders about management structures used to sustain and enhance gains generated from expense reduction and quality improvement projects
Create a customized expense reduction portfolio to use in their home organizations