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Providers, payers and IT suppliers learn it pays to get Lean
In many existing IT systems, gathering and analyzing data simply takes too many steps.
"Instant gratification takes too long." This quip from a popular motion picture embodies the thinking of a society that places so much value on expedience that little else matters. But in competitive markets like healthcare, expedience is often not enough. It must be better, cheaper and faster to stand out as a competitive offering. It is in this spirit that the concepts of Lean manufacturing have gained such traction recently in healthcare. The principles of Lean are so intuitive and compelling that providers and payers alike can apply them and derive significant benefits in financial performance and customer satisfaction.
WHERE'S THE VALUE?
LEAN IS THE NEW BLACK
Ironically, Lean is not a new concept, just as the Six Sigma methodology has been practiced in various forms for centuries. It has emerged as a fundamental performance improvement methodology that can be applied to nearly every process, whereas Six Sigma is reserved for more complex problems. The practice of merging both techniques has given rise to a new discipline, "Lean Sigma."
MUDA PRINCIPLE
Emerging Therapies Committee at UC Davis Hits the Accelerator Not the Brake | AMCP 2024
April 18th 2024After the onboarding of cell and gene therapy bogged using normal pharmacy and therapeutics (P&T) committee procedures, UC Davis Health set up an emerging therapeutics committee to streamline and speed up the process of delivery expensive cell and gene therapies.
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DC Roundtable: Patrick Cooney of The Federal Group Drops the Latest on PBM Legislation in Washington
April 11th 2024In this episode of "DC Roundtable," Peter Wehrwein, managing editor of Managed Healthcare Executive, spoke with Patrick Cooney, president of The Federal Group, a lobbying and strategic planning firm in Washington, D.C., about recent developments in Washington concerning PBMs.
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2024 Emerging Leaders in Healthcare — Submit For a Chance to Be Featured in MHE's August Issue
April 18th 2024MHE Editors are seeking diverse healthcare professionals from different backgrounds and healthcare sectors, with individual interests. Eligible candidates are early or mid-career leaders with less than 10 years of experience. Award winners will enjoy complimentary passes to the PBMI Annual National Meeting in Orlando, Florida, from Sept. 4-6. Additional perks include a feature in our August issue, a subscription to MHE and more!
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