AIHR

JULY 31, 2023

A record number of employees voluntarily quit their jobs during the pandemic, particularly in the hospitality, retail, and healthcare sectors. Statistics continually illustrate that a more diverse workforce leads to higher revenues , including DEIB initiatives in your talent acquisition strategy is crucial.

Recruitment 98

Recruitment Onboarding Diversity Human Resources 98

Harvard Business Review

DECEMBER 10, 2015

In today’s health care landscape, consultants often advise independent hospitals to merge with a larger health system. The assumption is that a merger will make it easier to achieve economies of scale, develop a large but narrow network of preferably healthy patients, establish data registries, and integrate expensive technology.

Hospitality 14

Hospitality Staffing Metrics Operations 14

Harvard Business Review

MAY 22, 2015

AI scours thousands of billing records across hundreds of hospitals and generates narrative reports that immediately provide the desired analysis. The commonality across all of these new technologies is that they offer something additional humans cannot provide: the power of scale.

Scaling 15

Scaling Cash Flow Benchmarking Hospitality 15

Harvard Business Review

JANUARY 9, 2013

Their fast-growing companies work in almost every industry, from online retail to manufacturing to professional services, and together they have created more than 200,000 jobs and generated revenues of more than $5B in 2011. It is really motivating to walk into a hospital and see that things are better.

Scaling 13

Scaling Hospitality Revenue Inclusion 13

Harvard Business Review

NOVEMBER 18, 2013

Historically, larger scale has offered hospital systems a number of advantages, including increased referral volumes, better access to capital, stronger pricing power, and classic cost economies. For instance, larger scale has enabled many hospital systems to lower their per-patient operating costs significantly.

Hospitality 10

Hospitality Scaling Revenue Fixed Costs 10

Harvard Business Review

OCTOBER 5, 2017

Since the beginning of 2016, the financial performance of hospitals and health systems in the United States has significantly worsened. To be financially sustainable, hospitals and health systems must revamp their strategies and insist that their investments in new payment models and physician employees generate solid returns.

Hospitality 9

Hospitality Insurance Cash Flow Operations 9

Harvard Business Review

FEBRUARY 17, 2011

Technology-intensive firms are expected to generate revenues before they make an exit; local investors are reluctant to put money into start-ups centered on intellectual property. Investing in a specialty hospital or HMO can accelerate the process of demonstrating value.

Marketing 16

Marketing Hospitality Scaling Revenue 16

Harvard Business Review

NOVEMBER 10, 2017

hospitals promises to worsen in the years ahead. hospitals from treating Medicare patients escalated sharply in 2012, when Congress included Medicare in its budget sequester, and they have remained high since. Intense pressure from the $719 billion Medicare program on the finances of U.S. The losses of U.S. a year in the decade after.

Hospitality 9

Hospitality Insurance Operations Human Resources 9

Harvard Business Review

APRIL 18, 2012

What many don't realize is that as part of those funds, the incentives created to digitize medical records were massive — amounting to $40,000 to $65,000 per physician and $11 million per hospital for the "meaningful use" of health information technology. Health care delivery organizations are going to learn to live with less revenue.

Hospitality 19

Hospitality Government Accounts Revenue 19

Harvard Business Review

APRIL 29, 2015

MedStar operated nine hospitals, but realized that its long-held objective of increasing revenue and profits at those venues was unsustainable, given the outcries over runaway medical costs. Instead, it mapped out a future in which more and more care was delivered outside its hospitals at a fraction of the cost. Insight Center.

Hospitality 14

Hospitality Insurance Revenue User Experience 14

Harvard Business Review

NOVEMBER 15, 2018

hospitals and health systems experienced an average 39% reduction in their operating margins from 2015 to 2017. This was because their expenses grew faster than their revenues, despite cost-cutting initiatives. Contracted services account for significant fractions of all hospitals’ operating expenses.

Hospitality 15

Hospitality Manager Nonprofit Staffing 15

Harvard Business Review

MAY 8, 2018

The result of frontier analysis is an index for each firm describing its efficiency at transforming inputs into outputs relative to the best performers operating at comparable scale. hospital sector. hospitals, which gave us a useful sample size to work with. Finally, we looked for a large enough set of organizations.

Hospitality 9

Hospitality Human Resources Operations Metrics 9

Harvard Business Review

DECEMBER 15, 2015

But by 2012 growth slowed, revenues flattened, and margins declined. With analysis, Alphatech identified regional hospitals—which faced mandated digital-records requirements, and usually lacked the scale and IT staff to do that on their own—as their best customers. Hospitals presented two advantages.

Sales 15

Sales Sales Hospitality Accounts Payable 15

Harvard Business Review

NOVEMBER 29, 2010

Just restricting myself to some of the countries on the Presidential tour, I am thinking, for example, of Megastudy's education model in South Korea, Narayana Hospitals' methods of pediatric cardiac surgery in India, and Wilmar's Southeast Asian agribusiness empire.

Marketing 16

Marketing Hospitality Education Compensation 16

Harvard Business Review

JANUARY 21, 2013

If you ask venture capitalists in Silicon Valley how they measure the success of business entrepreneurs, they would no doubt list off metrics having to do with fast growth: funding raised, people hired, customers acquired, revenue produced. For us the question is not how do you grow organizations but how do you scale impact?

Nonprofit 15

Nonprofit Scaling Implementation Operations 15

Harvard Business Review

APRIL 5, 2012

The business had ambitious revenue growth goals, and sales leaders wanted to focus sales efforts on the most attractive opportunities. For example: • Sales force strategy and scale. If sales managers know account potential, they can coach salespeople on the best strategies for driving revenue growth. Sales force deployment.

Sales 14

Sales Sales Sales Management Accounts 14

Harvard Business Review

NOVEMBER 10, 2016

.” There, in the shadow of Google’s global headquarters, the audience laughed on cue, quickly grokking the embarrassing point: it’s 2016 and this $3 trillion industry that our lives depend upon still relies on faxes, clipboards, and isolated instances of legacy software locked away in hospital basements.

Hospitality 14

Hospitality Administration Transportation Fixed Costs 14

Harvard Business Review

OCTOBER 18, 2013

In a hospital setting, cost-reduction is often equated with cutting corners, and so is perceived as antithetical to care providers’ values, and typically creates high levels of employee and patient dissatisfaction. At Banner Good Samaritan, as at any hospital, physicians are key leaders and influencers.

Hospitality 12

Hospitality Administration Revenue Benchmarking 12

Harvard Business Review

NOVEMBER 8, 2013

Teaching hospitals and medical schools are faced with declining clinical revenue, dwindling research dollars and increasing tuition costs. Business models for patient care, a key source of revenue for medical schools, are also undergoing enormous change. The United States spent 17.9% of the GDP on healthcare in 2012.

Hospitality 12

Hospitality Education Revenue Accounts 12

Harvard Business Review

DECEMBER 23, 2016

Here are just a few possible opportunities in some of the industries that will benefit the most: Entertainment : India’s entertainment industry produces the highest number of movies compared to any other country in the world, but rampant piracy has limited revenues to genuine producers.

Banking 16

Banking B2C eCommerce Telecommunications 16

Harvard Business Review

JUNE 25, 2018

Yet poor management systems can jeopardize lives in the air, at sea, on roads or in hospitals. After all, since the 1990s, the sustainability sector has grown rapidly, though at around $1 billion in annual revenues globally it is no giant. They can also put entire businesses and sectors at risk. So why recall it now?

Accounts 16

Accounts Benchmarking Government Scaling 16

Harvard Business Review

MARCH 19, 2013

The revenue generated by the program paid for the salaries of two full-time patient navigators in just over three and a half months. Each full-time navigator added $150,000 in additional hospital revenue per year. million per year. To date, Accenture and PNI have trained 120 navigators in Cleveland.

Hospitality 10

Hospitality Transportation Revenue Scaling 10

Harvard Business Review

OCTOBER 25, 2018

For example, a hospital seeking to improve patient safety might look to HR to discover that the highest rates of patient safety are tied to nurse units where supervisors showed specific behaviors, such as demonstrating empathy. Scaling Your Team’s Data Skills. Insight Center. Sponsored by Splunk.

Digital Transformation 15

Digital Transformation Recruitment Strategic Planning Hospitality 15

Harvard Business Review

SEPTEMBER 24, 2012

Here's why: the innovation revolution spurred by venture capitalists decades ago has created the conditions in which scale allows big companies to shift from shackling innovation to unleashing it. On the basis of this early success, the company plans to scale up the program across India and then in other emerging markets.

Hospitality 10

Hospitality Scaling Staffing Nonprofit 10

Harvard Business Review

JULY 15, 2015

To scale that connectivity requires integrating social media data into your CRM system. We found that companies that have developed social care capabilities to do this well – in a personal, non-invasive, and relevant way – improved year-over-year revenue per contact by 6.7% (those that didn’t saw a corresponding 12.1%

Media 15

Media Travel ROI Accounts 15

Harvard Business Review

JUNE 28, 2016

APIs are a technology that allows firms to interact and share information with other firms at an unprecedented scale. These APIs were picked up by Memorial Sloan Kettering Cancer Center and other hospitals, for example, and developed into a highly useful oncology treatment application that doctors can use with patient encounters.

A/B Testing 14

A/B Testing Travel Engineering Human Resources 14

Harvard Business Review

NOVEMBER 6, 2018

Examples of the work products of these data scientists are: recommendation systems which recommend what shirt a customer might like or what medicine a physician should consider prescribing based on a designed optimization function, such as optimizing for customer clicks or for minimizing readmission rates to the hospital.

Engineering 15

Engineering Workflows User Experience Software 15

Harvard Business Review

FEBRUARY 8, 2017

For instance, Snapchat’s recent IPO filing revealed that the company grew revenues by 600% (to $404 million) in 2016. Mobile platforms such as Apple’s iOS and Google’s Android have enabled app-based businesses to scale at unprecedented speed. economy is steadily becoming less hospitable to startups.

Revenue 15

Revenue Hospitality Marketing Software 15

Harvard Business Review

JANUARY 18, 2016

Large-scale examples include Hong Kong’s historic real estate subsidy for MTR rail from the airport to downtown, or the per-liter subsidies for private urban water and sanitation providers in Algiers and many other cities. They should also encourage sources of repayment for such investments beyond just user fees.

Real Estate 15

Real Estate Cash Flow B2B ROI 15

Harvard Business Review

DECEMBER 23, 2014

One area of waste in health care is the use of physician offices and hospital emergency departments to treat minor conditions such as sore throats, urinary infections, and allergies. Walmart has been piloting low-cost care clinics offering a $40 office visit that could dramatically reset the cost bar if scaled broadly.

Insurance 14

Insurance Benefits Hospitality Marketing 14

Harvard Business Review

JUNE 30, 2017

Under the plan, companies would not be able to deduct the cost of imports from their revenue, a move that today enables them to lower their overall tax burden. The most challenging balancing act involves large-scale investments that have different payoffs depending on how future uncertainties play out. based companies.

Operations 15

Operations Hospitality Revenue Government 15

Harvard Business Review

NOVEMBER 29, 2013

This means that to a significant degree historic areas of revenue generation will become generators of losses. While it’s common in most for-profit and nonprofit businesses for centers of revenue generation to fluctuate in their productivity, a shift of this scale represents a sea change for the health care sector that it must face head-on.

Revenue 10

Revenue Nonprofit Operations Hospitality 10

Harvard Business Review

MARCH 17, 2016

They have a high-growth, high-revenue focus. This creates economies of scale that they exploit to the greatest extent possible. These devices do not necessarily cannibalize the much more expensive devices used in hospitals or specialty practices. They are extremely efficient.

Advertising 14

Advertising B2C Marketing B2B 14

Harvard Business Review

MARCH 14, 2017

In other words, it was an inclusive solution , and, if the service continues to improve, it stands a chance of scaling up to India’s large market. Plus, there are plans to mandate digital payments at gas stations, hospitals, and universities, with cash transactions over $4,500 banned altogether.

Banking 16

Banking Government Sales Sales 16

Harvard Business Review

SEPTEMBER 4, 2014

was $ 335 billion in 2013 , but only about 15% of that, or $50 billion, went to health and human services causes – 85% went to religion, higher education and hospitals. $50 Apple’s revenues are close to $50 billion every quarter – equal to the entire annual budget of the entire U.S. Charitable giving in the U.S.

Nonprofit 9

Nonprofit Revenue Hospitality Education 9

Harvard Business Review

OCTOBER 11, 2017

The approach was pilot tested in two successive stages over a one-year period at Raigmore Hospital, the largest hospital in the Highlands region of Scotland. Financial measures report variable costs broken out by a few major categories (including supplies, drugs, and staff) along with revenue and margin measures.

Manager 9

Manager Hospitality Variable Costs Implementation 9

Harvard Business Review

DECEMBER 16, 2013

Other companies didn’t connect the dots as well, and have suffered despite early impressive revenue growth. One approach to this I really like is to think about the size of a problem, which helps you think more creatively about the ultimate scale of the market. Billion dollar companies can start out looking like toys.

Marketing 12

Marketing Benchmarking Transportation Hospitality 12