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
Ohio’s Medicaid Work Requirement Efforts Aim to Boost Engagement, Avoid Coverage Loss
April 18th 2025Maureen Corcoran, director of the Ohio Department of Medicaid, believes the work requirement policy can be both a financial and moral effort to improve the lives of Medicaid consumers.
Read More
Conversations With Perry and Friends
April 14th 2025Perry Cohen, Pharm.D., a longtime member of the Managed Healthcare Executive editorial advisory board, is host of the Conversations with Perry and Friends podcast. His guest this episode is John Baackes, the former CEO of L.A. Care Health Plan.
Listen
Breaking Down Health Plans, HSAs, AI With Paul Fronstin of EBRI
November 19th 2024Featured in this latest episode of Tuning In to the C-Suite podcast is Paul Fronstin, director of health benefits research at EBRI, who shed light on the evolving landscape of health benefits with editors of Managed Healthcare Executive.
Listen