Abstract
With dramatic increases in health care costs and growing concerns about the quality of health care services, nurse executives are seeking ways to transform their organizations to improve operational and financial performance while enhancing quality care and patient safety. Nurse leaders are challenged to meet new cost, quality and service imperatives, and change cannot be achieved by traditional approaches, it must occur through innovation.
Imagine an organization that can mitigate a $56 million loss in revenue and claim the following successes:
* Increase admissions by a 8 day and a $5.5 million annualized increase by repurposing existing space.
* Decrease emergency department holding hours by an average of 174 hours a day, with a labor savings of $502,000 annually.
* Reduce overall inpatient length of stay by 0.5 day with total compensation running $4.2 million less than the budget for first quarter of 2010.
* Grow emergency department volume 272 visits greater than budgeted for first quarter of 2010.
* Complete admission assessments and diagnostics in 90 minutes.
This article will address how these outcomes were achieved by transforming care delivery, creating a patient transition center, enhancing outreach referrals, and revising admission processes through collaboration and innovation.