Find the answers to commonly asked questions here.
The Operational Effectiveness Audit is a service offering designed to allow an adult acute hospital to identify areas of waste/redundancy that can be eliminated without creating a derogatory impact on staff. The audit comes with a $1,000,000.00 annual recapture guarantee (to the bottom line) and the average return is nearly $6,400,000.00 without downsizing.
The goal of the audit is to move away from examining, "how many people are being paid" in favor of, "how they are being paid and for what work". Successful outcomes derive from lowering the cost-per-hour of labor and overall labor need rather than from attacking people or programs.Back To Questions
During the Operational Effectiveness Audit, WRx examines 9 different areas of labor performance:
The Operational Effectiveness Audit gathers 3 kinds of data encompassing over 1500 distinct data-points:
WRx then compares all the datasets to differentiate between correlations and root causes. We only report back on issues that have a minimum of 3 points of data redundancy. This eliminates, "chasing after cultural ghosts" and saves time in implementation.Back To Questions
WRx follows the philosophy of, "Staying in the game" with customers. We build detailed implementation plans based on our assessment of your organizations change readiness and current systems. We create a customized roadmap built from lessons learned during implementations in over 150 other facilities. We charge a minimal 1 time fee for implementation and continue to work with a customer for a period of up to 12 months to ensure the success of both firms (although standard implementation time is 90 days).Back To Questions
A standard Operational Effectiveness Audit requires 7-9 weeks:
Pricing for the audit is based upon 3 key factors; Profit status, Faith based status, and GPO affiliation.
For-profit non-faith-based facilities have the highest pricing and not-for-profit faith-based facilities have the lowest.
Our pricing philosophy: "We believe that those organizations whose mission requires them to take substantial risks in caring for the least of our society deserve the greatest price sensitivity".Back To Questions
The 'Labor Utilization Audit' has been renamed to the 'Operational Effectiveness Audit'.
In the past, the name has been a source of confusion and misunderstanding for years. Due to this fact we came up with a few alternative names and asked some of our clients to pick the one that fit the best. We hope the new name eliminates any confusion and allows more organizations to consider participating in the audit process.Back To Questions
Yes, questions can be submitted via email to email@example.com.
Please state in the email that you would like your question answered directly or that you believe your question should appear in this FAQ.Back To Questions