Lean-Six Sigma: tools for rapid cycle cost reduction.
Organizational costs can be grouped as process cost, cost of quality, and cost of poor quality. Providers should train managers in the theory and application of Lean-Six Sigma, including the seven categories of waste and how to remove them. Healthcare financial executives should work with managers in eliminating waste to improve service and reduce costs.
Caldwell
Chip
C
Chip Caldwell & Associates, St. Augustine, Fla, USA. chipc@chipcaldwellassoc.com
D003363:Cost Control; D003365:Costs and Cost Analysis; D005377:Financial Management, Hospital / Q000379:methods*; D017721:Hospital Costs / Q000458:organization & administration*; D017749:Total Quality Management / Q000191:economics* / Q000379:methods