Posted by Bob Ainsbury
Unless you are a narcissist, and a healthy one for that matter, you must have heard that the costs of healthcare are sky rocketing and providers are struggling to make ends meet. So much so that many of our customers are being challenged to reduce expenses by millions of dollars over the next twelve months alone.
Being in the black, is the new black!
The bad news is that cost pressures are not new, and many organizations have been shaving costs for years and even decades. There are few obvious places where money can be saved. (To the naked eye that is.) Healthcare is a complicated business. It’s literally organic; people making other people healthier.
Make no mistake though; there are huge opportunities to save money. To do so, you just need the facts. You need to pull information from across the enterprise, correlate the data and then analyze it. That’s all. Thankfully there’s a technology for that ….
Shameless plug: Lawson Analytics for Healthcare is specifically engineered to let healthcare providers analyze their operations and reduce costs. There is, for example, a module focused on labor analytics, and another on supply chain efficiency. Evidence. Analysis. Savings. Questions?
Good healthcare is evidence-based, but that doesn’t just apply to caring for a patient, it applies to the health of the institution offering that care. So there you go. If you aren’t using advanced analytics you are wasting money. Period.
And now here are a few of my favorite facts quotes:
- “Facts are stubborn things, but statistics are more pliable.” Dr. Laurence J. Peter
- “Facts are stubborn things; and whatever may be our wishes, our inclinations, or the dictates of our passions, they cannot alter the state of the facts and evidence.” John Adams
- “Facts are ventriloquists’ dummies. Sitting on a wise man’s knee they may be made to utter words of wisdom; elsewhere, they say nothing, or talk nonsense, or indulge in sheer diabolism.” Aldous Huxley
- “Facts which at first seem improbable will, even on scant explanation, drop the cloak which has hidden them and stand forth in naked and simple beauty.” Galileo Galilei
- “I’m not a fan of facts. You see, facts can change, but my opinion will never change, no matter what the facts are.” Stephen Colbert
Got any favorite fact quotes? Do share….




