Drive change your way—HMC supports your choices
No matter how you plan to drive change, HMC benchmarks will support your efforts to become a low-cost, high-quality hospital. HMC supports the three major improvement paths:
Budgeting Path. If you use your budgeting process to close gaps in financial performance, a benchmark can be hard to use. HMC translates the benchmark targets into your organization’s cost center targets—on the fly and the resulting model allows you to know what every cost center should look like—line by line. The resulting budget is both accurate and achievable.
Performance Improvement Teams Path. Some projects require multidisciplinary team members with varied expertise to reach the improvement or cost-cutting goals. HMC’s results focus entire teams on priority areas, reveal drivers, and connect to best practices and collaborations that ensure success.
Stewardship Path. If you’re looking for every manager to become saavy in benchmarking and improvement in their respective departments, you know that’s not easy. HMC allows you to engage every manager to take personal responsibility for ensuring the effective and efficient use of the institution’s resources—from training in the tools, evaluation of manager readiness, idea generation via collaboration and the KnowledgeWeb, to tracking the results.