Detailed Management Translates Into Over $2MM In Savings

Premier's Oversight & Reporting Translates to over $2 Million (and Growing) in Subsidy Refunds for one facility.

If third time's the charm, what's the fourth time? In the case of a 250 bed hospital in the Pacific Northwest, it's evidence of a solid working partnership. For the fourth year in a row, Premier Anesthesia has presented the facility with a subsidy refund check. For 2013, it was $123,000; the four year total is $2.1 Million.

A Solid Working Partnership is What Drives this Success

Premier Anesthesia works hard to be a strategic partner by adapting its services to trends, positive or negative. If either the hospital or Premier were working without collaboration, the levels of efficiencies and savings could not be achieved.

One key component of the partnership: every month Premier Anesthesia meets with key decision makers for an operations and financial review. The group looks at case volumes and compares how the facility is doing compared to budget projections. Use of personnel - across several sites with evening and weekend coverage - is closely monitored. If adjustments need to be made, the major players all attend that monthly meeting: the Chief Nursing Officer, the Premier Medical Director, the Chief Financial Officer and the hospital President.