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Master the PRIMES

Leading Blog

Fixing involves corporate improvement programs like Activity Based Costing, Six Sigma and others.”These How skilled are you at creating nothing? The distinction between fixing or creating is important and requires a different approach. What kind of problem are you trying to solve? Marketing is inept (BELIEF).”.

Six Sigma 279
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Don't Anesthetize Your Colleagues with Bad Writing

Harvard Business Review

It may be convenient to refer to COGS instead of spelling out "cost of goods sold." And remember what George Washington said when questioned about the fallen cherry tree: not "It was accomplished by utilizing a small, sharp-edged implement," but "I used my little hatchet.". Those are friendly words that pull readers into a document.

VBM 10
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Delivering Higher Value Care Means Spending More Time with Patients

Harvard Business Review

If they had more time (and in some cases, motivational skills), they could better persuade patients to make the sacrifices and hard choices to change their lifestyles and to follow the recommended treatment plan. To understand these issues better, we formed a project team to study patients that started on dialysis in 2011 and 2012.

Cost 13
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Health Care Providers Need a Value Management Office

Harvard Business Review

Staffed with dedicated professionals armed with the requisite skills, experience, and credibility, a central group can accelerate the realization of value improvements — better outcomes, more efficient processes, lower costs, and aligned payment models — across the organization.

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The Mayo Clinic Model for Running a Value-Improvement Program

Harvard Business Review

These efforts were part of the providers’ quest to increase the value of their care delivery — in other words, achieve better outcomes at the lowest-possible cost. select a project team with the right skill sets. measure both costs and outcomes for comparative analyses of care variation.

Mayo 8
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Getting Bundled Payments Right in Health Care

Harvard Business Review

Both RI and HOI utilize time-driven activity-based costing (TDABC) to measure their costs across a patient’s care cycle. This knowledge helps HOI and RI negotiate or accept bundled payment contracts that cover all their expected costs for care delivery.