The Significance of Lean Six Sigma in Healthcare Industry
Lean Six Sigma is known to not only minimize care expenses but also improve patient fulfilment. Doing these providers in healthcare industry are empowered and by so doing they become more prolific. It is time healthcare industry invested in enhancing productivity. In the past years this industry has recorded unpleasant results as a result of the challenges affecting its productivity growth. The financial outcomes of this sort of industry operations are stunning. Statistics indicate that there has always been a rise of cost related to healthcare services. Which may be more than triple the inflation and projected rate of the economic growth. There will also be an increment in health cover premiums due to the fact that employers are allocating the expenses to their workers.
Eventually, problems in healthcare industry will only be resolved if reformation is done on the costs of healthcare delivery. Healthcare institutions should use these challenges as a motivation and undertake a persistent quest of unending productivity. Lean six sigma is a standard improvement methodology that motivates perfection in the healthcare service delivery. Remember, factoring a working perception the value proposition of lean six sigma is to improve output. Quality enhancement will create a series of happenings. Whenever a health care organization enhances its quality their expenses go down. Their expenditures dropdown by 20-40 percent of their overall operating costs. This is as a result of the elimination of expenses incurred when rectify medical errors, reassuring disappointed patient’s ,reconciling of invoices and amending problems. Following the expenditure reduction, production certainly improved.
Outcome enhances due to the rise in human capital, working capital and technology in giving promising patient results. The additional financial value funds expansion and creativity. Thereby resulting to improved healthcare excellence and high end jobs.
Easily stipulated, the initiative for remarkable results in health and the desire for enhanced productivity are not reciprocally exclusive. The truth is, deprived quality is not only insignificant for health care delivery results but it is also an incumbrance of its efficiency. Generally with improved healthcare, reduction in its cost is experienced. Lean six sigma it is an approach that is basically meant to enhance quality. Also it improves the fulfilment levels in stakeholder and patient. Whenever a health organization employs lean six sigma, they constantly adapt their services to surprise patient demands attitude and opinions. They undertake these by translating the speech of the patient into effective obligations. With time they get the attention of market as a result of their remarkable patient fulfillment provisions. Therefore they are capable of influencing huge profits.