BLOG
June 28, 2022
Health systems lose millions each year due to process inefficiencies and errors throughout the procure to pay (P2P) process. Most of these lost funds are preventable, but teams are content, in a state of denial, or misunderstand the process. To bring awareness and begin to prevent leaking dollars, begin by creating a process flow map. What is Process Mapping? Process mapping, or process flow mapping, is the visual representation of how tasks are actually completed in a workflow. A process map brings visibility to who is involved in a process and sheds light on areas that need improvement. Thus, it […]
January 29, 2020
Looking to increase margins and cut costs in your health system’s Procure-to-Pay (P2P) processes? One often-overlooked tool to accomplish this is process mapping or creating a visual representation of organizational processes. This not only identifies costly process gaps but also identifies areas lacking accountability and communication. In healthcare systems’ P2P, commonly broken processes include: Extended processing time for an invoice with incorrect POs Delayed vendor payments Contract price implementation Returning products to suppliers Types of Process Maps By identifying the current and ideal states of processes, organizations can more clearly determine where to deploy resources to drive efficiencies and cut […]
October 29, 2018
Process is the secret to an efficient and profitable healthcare system. It’s not enough to simply have one, however. Processes must be documented, understood and followed by team members or they can cost your organization time and money. Let’s take a look at how process mapping avoids these errors and helps achieve business goals. How does poor process cost a hospital money? Every mistake in a hospital, whether it is caused by a human or a computer, has an associated cost to correct it. That could be the time devoted to rekeying an invoice that was entered incorrectly or the […]
