Can Lean Six Sigma Work for Healthcare?
Lean Six Sigma initiatives within the healthcare industry are fast becoming a major focus. This has to do with the simple fact that Lean Six Sigma efforts ultimately help to increase productivity while simultaneously decreasing waste and idle time. In the healthcare industry where costs are constantly rising and pressure to perform increases daily, the implementation of Lean Six Sigma initiatives can save companies millions of dollars.
This translates to not only more savings and better profit margins for companies, but in the healthcare industry, where the patient is the customer, patient outcomes are much better in a lean, optimized environment. When a company can accomplish more with less while maintaining a positive patient and client relationship, the value of Lean Six Sigma initiatives skyrocket. This can result in saves lives and gives hospitals, clinics, and offices the edge they need to perform well and profit in a tough economic environment. This also translates to more effective use of research and development funds when inefficiencies and inadequacies are eliminated through the implementation of Lean processes within the organization.