When all is said and done what is the impact of Operational Excellence?
Today we operate in unsettled times. What will the impact of the Healthcare Bill be? History tells us in period of instability positive change results. The high-performance businesses, those that have put a premium on operational excellence, will excel and gain customers and as a result market share. For those companies that are stumbling during these difficult times, it is an opportunity to look at business processes and put in place operational excellence initiatives. Either way to achieve it takes management vision, commitment, and investment.
The focus of this series has been that high performance businesses put a premium on operational excellence. Below graphically depicts the average Return on Invested Capital (ROIC) between companies using operational excellence to excel and that of the Followers. Investing in operational excellence has great rewards.
The installments have been the five characteristic of operational excellence. These characteristics are –
1st – Identifying the “Dominant Vector.”
Revisit this characteristic by scrolling down to the July 9th blog post.
2nd – Establishing a structure to that creates an advantage.
Revisit this characteristic by scrolling down to the July 11th blog post.
3rd – Out-Executing other Home Care Providers.
Revisit this characteristic by scrolling down to the July 12th blog post.
4th – Maintaining the Balancing Act for success.
Revisit this characteristic by scrolling down to the July 13th blog post.
5th – Addressing the Journey to ensure success.
Revisit this characteristic by scrolling down to the July 14th blog post.
It is time to put in place Operational Excellence Initiatives and take advantage of instability.
Ankota provides software to improve the delivery of care outside the hospital. Today Ankota services home health, private duty care, DME Delivery, RT, Physical Therapy and Home Infusion organizations, and is interested in helping to efficiently manage other forms of care. To learn more, please visit www.ankota.com or contact Ankota.