Improvement of the appointment scheduling process

Assignment Help Financial Management
Reference no: EM133848481

Problem statement:

The inefficient scheduling of appointments at ABC Hospital in California, USA, has led to excessive patient wait times, surpassing the industry benchmark, unlike competitors who maintain an average wait time of 30 minutes. This gap results in:

  • Patient dissatisfaction: Extended wait times can frustrate patients, adversely affecting their experience and loyalty, potentially leading them to seek care elsewhere.
  • Underutilized resources: Unfilled slots, idle staff, and inefficient use of examination rooms represent wasted resources and lost revenue opportunities.
  • Financial losses: Missed revenue from unfilled appointments and additional costs associated with rescheduling further erode the financial performance.

Objective:

Implementing the Lean Six Sigma methodology allows for a systematic analysis and improvement of the appointment scheduling process.

This can result in:

  • Reduction in patient wait times: Improves scheduling accuracy and efficiency, bringing it closer to the industry benchmark of 30 minutes
  • Increment in patient satisfaction: Streamlines appointment booking and reduces wait times to enhance patient experience and loyalty
  • Optimization of resource utilization: Uses staff and examination rooms efficiently to maximize resources and minimize waste
  • Increment in revenue: Reduces missed appointments and improves scheduling processes to contribute to improved financial performance

End goals:

  • Analyze the appointment scheduling process and identify the root cause of lengthy wait times
  • Reduce wait time to 30 minutes and optimize resource utilization to increase patient satisfaction and boost revenue
  • Increase patient satisfaction by 15%

Tasks to be performed:

  • Create the project charter
  • Map the voice of the business (VOB) and the voice of the customer (VOC)

Reference no: EM133848481

Questions Cloud

What strategies do you use to manage individuals : What strategies do you use to manage individuals and how do you apply that to different situations?
Describe skills needed by individuals to overcome challenges : Describes the skills that leaders will need to overcome challenges. Describes skills needed by individuals to overcome challenges.
What company is best managed in the united states : What Company is Best Managed in the United States?
Analyze a strategy for stakeholder selection : What is an ideal number of stakeholders to include? What is the importance of intermittent stakeholder assessment throughout the project?
Improvement of the appointment scheduling process : Implementing the Lean Six Sigma methodology allows for a systematic analysis and improvement of the appointment scheduling process.
Explain the concept of critical success factors : Explain the concept of Critical Success Factors (CSF). Choose a company and explain what five CSF factors may be for your chosen company.
What is the primary goal of managing stakeholder engagement : What is the primary goal of managing stakeholder engagement?
Which strategy will be your go-to strategy : Which strategy will be your "go-to" strategy? This is the strategy you will use most often for reading in your future courses.
Analyzing the screenshots captured by activtrak : Analyzing the screenshots captured by ActivTrak and the resources involved in the suspected activities.

Reviews

Write a Review

Financial Management Questions & Answers

  Foreign company acquisition

Acquisition by a foreign company and the effects of that decision and the results of foreign exchange in Euro and the exchange rate differences.

  Financial management for profit and non profit organizations

In this essay, we are going to discuss the issues of financial management in a non-profit organisation.

  Method for estimating a venture''s value

Evaluate venture's present value, cash and surplus cash and basic venture capital.

  Replacement analysis

This document show the Replacement Analysis of modling machine. Is replacement give profit to company or not?

  Business finance task - capital budgeting

Your company is considering using the payback period for capital-budgeting. Discuss the advantages and disadvantages of this technique.

  Analysis of the investment

In this project, you will focus on one of these: the additional cost resulting from the purchase of an apple press (a piece of equipment required to manufacture apple juice).

  Conduct a what-if analysis

Review the readings and media for this unit, including the Anthony's Orchard case study media. Familiarise yourself with the Anthony's Orchard company and its current situation.

  Determine operational expenditures

Organisations' behaviour is guided by financial data. In the short term, such data will help determine operational expenditures; in the long term, historical data may help generate forecasts aimed at determining strategic plans. In both instances.

  Personal financial management

How much will you have left over each half year if you adopt the latter course of action?

  Sources of finance for expansion into new foreign markets

A quoted company is considering several long-term sources of finance for expansion into new foreign markets.

  Long term financial planning

This assignment is designed for analyze Long term financial planning begins with the sales forecast and the key input in the long term fincial planning.

  Explain the role of fincial manager

This assignment explain the role of fincial manager, function of manger. And what are the motives of financial manager.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd