Lessons From Keith Cunningham
I’m a huge fan of Keith Cunningham, entrepreneur and author of several books, including Keys To The Vault.
His fiscally driven approach appeals to me as an innovator in healthcare margin improvement.
Here are 3 lessons I’ve learned from following Keith Cunningham:
1. Setting aside time to think is so important.
Identify a key question in an area you want to improve on.
Sit in your favorite chair with a pen and notebook and focus on that topic.
Write down the points that come up for you.
2. We focus on growth but not on optimization.
While focusing on growth is important, how is your hospital drilling down into optimization?
At VIE Healthcare®, we focus on optimization in every aspect of cost reduction.
Physician Preference Item (PPI) optimization is just one of the areas where hospitals can identify significant cost savings.
3. What gets measured gets monitored, what gets monitored can be improved.
This is so true and a mantra of mine.
We work on the basis of ‘’what can be measured can be improved.’’
Hospital functions often work in data silos, preventing an accurate cost analysis.
We gather data from multiple sources to identify cost savings.
Our patented technology Invoice ROI™, analyzes data inputs to pro-actively manage your hospital’s monthly purchased services spend in real-time.
Follow my podcast The Healthcare Leadership Experience for more insights and advice.
You’ll hear from innovators and leaders within healthcare and from other industries, including:
- Harnessing a disruptive mindset with New York Times’ best-selling author and inspirational speaker Charlene Li.
- How to optimize IT and telecommunication cost savings with VIE Healthcare® expert Jacqueline Oberst.
I’d love to hear from you.
Who do you follow, who inspires you, where do you go for insight and advice?
Reach out at lmiller@spendmend.com to discuss your cost savings goals and how we can support and accelerate cost savings opportunities in your organization.
