Posts Tagged ‘Modern Healthcare’

The Beryl Companies and The Beryl Institute: Beyond the Bedside Manner

Tuesday, July 12th, 2011

In the second episode of the Chuck Lauer Show, presented by Alter+Care, the former publisher of Modern Healthcare discusses enhancing patient outcomes with Paul Spiegelman, Founder and CEO of The Beryl Companies, and Dr. Jason Wolf, Executive Director, of The Beryl Institute.  The Beryl Institute is the home for professionals committed to improving the patient experience and developing high performance healthcare organizations.

According to Spiegelman, he began the business with his brothers in 1986 as a bootstrap 24/7 operation whose goal was – and remains — to improve the patient experience.  Spiegelman provided outsourced call-center services to hospitals across the country to match potential patients with healthcare providers.  Although many perceive call centers as a low-morale, high-attrition, low-margins, boiler room commodity operation, Spiegelman was determined to operate his business differently.  Today, Beryl is the nation’s largest company in its niche and is five to six times more profitable than its competition.  Additionally, employee attrition is a fraction of a typical call-center environment.  Thanks to its circle of growth, Beryl has won nine awards for being one of the best places to work in America.

Spiegelman applies that attitude to their work with hospitals and other healthcare providers to assure a better patient experience and enhanced outcomes.  Their philosophy is that hospital employees who are treated with respect are more productive and minister to patients more effectively.  According to Spiegelman, “The question is, how do customers understand this and give you credit for that?  Do they understand the connection between culture and driving better service for them?”

Wolf suggests that one priority is to adopt a simple but specific definition of the patient experience as the sum of all interactions, shaped by an organization’s culture that influence patient perceptions across the continuum of care (The Beryl Institute).  The focus is well beyond the clinical setting to the entire continuum of care.  This encompasses how physicians act towards the patient and how effectively nurses communicate.  A recent benchmarking study from The Beryl Institute has shown that patient experience and safety are top priorities for healthcare leaders, yet only one-third of all healthcare organizations in the U.S. currently define what a patients’ experience should be, one reason why it was important for The Beryl Institute to fashion its own unique definition.

To listen to the full podcast, click here.

Mayo Clinic’s Financial Health Is Excellent

Tuesday, March 16th, 2010

Mayo Clinic reports its best operating margin in five years.The Mayo Clinic ended 2009 with it best operating margin in five years after breaking even in 2008. With expenses virtually flat, the Rochester, MN-based healthcare system reported that its operating income totaled $333.2 million for the year ending December 31, 2009.

Mayo Clinic, which recovered nearly all of its assets lost during the recession as its investments rebounded and its pension and retiree benefits limited its liability by $1 billion, according to CFO Jeff Bolton.  Capital spending, which was cut during the recession, will slowly return to historic levels.  Bolton said that Mayo spent $361 million on capital projects in 2009 compared with $500 million to $700 annually in normal years.

“This past year, we had the opportunity to demonstrate that we can thrive in a difficult economic environment because we have one focus — keeping the needs of the patient first,” said John Noseworthy, M.D., the Mayo Clinic’s president and CEO.  “Our strong operational performance in 2009 is due to the significant effort and innovation of our staff.”

Charles S. Lauer: Defining Leadership in Healthcare

Thursday, June 25th, 2009

lauertrilogylarge1The healthcare industry has lost its soul, and must return to its roots of healing people.  This is the opinion of Charles S. Lauer, the retired publisher of Modern Healthcare magazine, best-selling author, and an acclaimed lecturer on leadership and success in the healthcare industry.

In a recent interview for the Alter+Care Podcasts on Healthcare (hyperlink here), Lauer states that healthcare has become a business.  As a result, hospital CEOs must have great financial acumen, but a focus on healthcare financial metrics can take a leader away from the core mission of healthcare.

When asked to identify an individual who demonstrates real leadership in healthcare, Lauer cites Dr. Edward Eckenhoff, who is the founder, President and CEO of the National Rehabilitation Hospital in Washington, D.C.  A paraplegic since a college auto accident, Eckenhoff is working to teach seriously injured war veterans how to walk again.

 
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