Frederick Memorial Healthcare System (Md.) saved more than $5 million with its use of Charlotte, N.C.-headquartered Premier Inc.’s product, the company says.
According to Premier, by utilizing its LaborConnect tool, the healthcare system realized cost savings through onsite performance improvement and labor benchmarking.
As a part of the program, a Premier Performance Partner provided six days per month of consulting services and helped install OperationsAdvisor, its Web-based labor benchmarking solution. In addition, the Performance Partner also trained managers and directors to new products and reports; monitored “watch lists” to help underperformers develop action plans; and incorporated FY2009 labor benchmarks into the FY2010 labor budget process using OA, it says.
Frederick Memorial Hospital is a flagship of the Frederick Memorial Healthcare System. It includes 20 other facilities, physician practices, immediate care and a wellness center.
