Lean Accounting: How to Turn Data Overload Into Continuous Improvement
A decade ago, leaders from Intermountain Healthcare estimated that up to 35 percent of health care production represents waste. Today, providers continue to face the challenge of how to improve efficiency and reduce waste to deliver better health care value.
Despite having more data than ever before, many health care providers struggle to improve the quality of care while managing costs. While many have succeeded in tracking key quality measures, regular tracking of efficiency and cost measures often remains difficult.
Methods from other industries can help health care providers and leaders understand their overall levels of efficiency and quality performance. Instead of wading through what often feels like a “data dump,” these approaches can help identify the most useful information for better management.
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