Your Cost Savings Cycle Should be In 12 Weeks Sprints - Hospital Cost Savings Project Management
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The video is showing Hospital cost savings project management information but also try to cover the following subject:
-Hospital Cost Savings Project Management
-Healthcare cost reduction
-Hospital costs
-Hospital spend analytics
-Hospital management
-Healthcare management
Your cost-saving cycle should be in 12-week sprints.
Here’s why:
I read a book called “The 12 Week Year: Get More Done in 12 Weeks than Others Do in 12 Months.”
And it led us to create our methodology around creating 12-week cost-saving cycles.
Many hospitals set annual goals to achieve cost savings.
Then all of a sudden, in Q3 - or worse in Q4 - they haven't even achieved 50% of it, which leads to a mad dash.
That’s why we work with our clients in these 12-week sprints.
So we have 4 12-week sprints with a week in between.
It enables us to hone in and create a sense of urgency, precision, and effectiveness in that 12-week period.
If we start in January, by March we've already achieved 25-30% of the annualized goal.
CFOs love this process because it's a more natural way to run this race at a steady pace.
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