Opportunity for Improvement
Taking multiple independent institutions and integrating them into a single unified system with the intent of maximizing cost savings and improving patient outcomes is a tremendous undertaking with both cultural and tactical implications. A trusted partner that specializes in transformation is critical to the success of these system wide efforts.
At this integrated health system it was clear that executive leadership was committed to creating a fully functioning, integrated team to achieve necessary cost savings. The Accumen approach embraced the leaders’ direction and facilitated the labs’ transformation to achieve the organization’s three goals: pursue an improved cost structure, accelerate initiatives to achieve system wide value, and to move toward consistent processes, methodologies, and metrics.
Our Work’s Impact
In the discovery and diagnostic phase, Accumen revealed three key metrics with room for improvement: cost per test, labor management costs, and blood utilization. Improving these three areas would boost patient outcomes and reduce cost.
As our shared target milestone of $8.7 million and projected savings of $10.3 million at the end of the three-year engagement is achieved, the team has capitalized on the promise of integrating supply chain and human capital to achieve cost savings. In this partnership, Accumen has equipped the health system with the technology, processes, and expertise to access the data they need to make ongoing adjustments as their business grows and transforms in the future.
In addition to measurement and monitoring capabilities to ensure their ongoing success, the health system team also has soft skills that help them work together as an integrated team. This is critical to long-term success, so that future data-driven interventions create a stronger culture of collaboration.
With committed teams, proven processes, and the necessary technology stack in place, lab transformation within this health system will see sustained results.