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Best laid plans: effective implementation of re-engineering recommendations.
Healthcare Management Forum
|January 2, 1999
Summary
Hospitals face funding pressures, often failing to achieve savings from restructuring projects due to poor implementation. St. Michael's Hospital implemented a comprehensive strategy to meet financial targets and ensure viability.
Area of Science:
- Healthcare Management
- Hospital Administration
- Financial Viability
Background:
- Healthcare funding pressures necessitate cost-saving measures like re-engineering and restructuring.
- Hospital restructuring projects frequently fall short of anticipated savings due to implementation challenges.
Purpose of the Study:
- To outline St. Michael's Hospital's implementation strategy for a two-year process improvement and expense reduction project.
- To review the major challenges and key success factors of the hospital's implementation process.
Main Methods:
- Development of an aggressive and comprehensive implementation process.
- Focus on ensuring savings targets were met and financial viability was maintained.
Main Results:
- The hospital successfully implemented its strategy to achieve financial targets.
- Key success factors and challenges were identified through a two-year project.
Conclusions:
- A well-defined and aggressive implementation strategy is crucial for the success of hospital restructuring and expense reduction projects.
- Effective implementation is key to achieving financial viability in healthcare organizations.