// By Jane Weber Brubaker //
Hospitals today are coping with severe financial pressures driven by cuts in reimbursement, penalties, and the shift from fee-for-service to value-based models. One company is helping health systems drive out waste and improve efficiency by applying operations management and quality improvement principles developed and refined in manufacturing. “There’s a lot of great work that’s been done by consultants and academics in applying operations management principles to the delivery of care, but no one has built a system to make it easy to consume,” says Rich Krueger, CEO and Founder of Newton, Massachusetts-based Hospital IQ.
Boston Medical Center uses the Hospital IQ platform to optimize operating room (OR) utilization. “If you’ve got ORs that are open, and you have nurses and surgical techs that are sitting around, that’s a huge wasted opportunity,” says Yi-An Huang, Director of Procedural Operations.”
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It’s no secret that computers are better at crunching numbers than human beings. Hospital IQ has harnessed the power of big data to uncover the real culprits behind operational bottlenecks, helping hospitals make the right decisions regarding resource utilization—and equally important, helping them avoid decisions based on incorrect assumptions that could make things worse, and possibly even harm patients. Continue reading to find out how hospitals are using Hospital IQ to optimize costly resources, improve physician satisfaction, and drive better patient outcomes. Please log in.
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