With mounting market pressures, regulatory changes every hospital is looking to deliver the same quality of care at less cost. This is tough and challenging even for the best in the space.
Camomile’s cost transformation practice leaders have the experience of implementing such programs in some of the largest hospitals and healthcare organizations across the world. Our cost transformation efforts are usually targeted at 3 levels.
Level 1 – Quick wins – Focused on thorough due diligence on existing costs and providing immediate actions to be taken to arrest bleeding costs, establish stability and gain savings to avoid further slides in the business.
Level 2 – Sustenance – Suggest strategies, systems and processes to improve and sustain cost leadership. Provide benchmarks to continuously target and improve.
Level 3 – Growth – Identify key drivers of costs and their correlation with the future growth of the organization. This helps understand what cost cuts might inhibit growth. Create a scalable growth platform and strategy to manage costs and propel growth.