Lean-Six Sigma: tools for rapid cycle cost reduction.

Healthc Financ Manage

Chip Caldwell & Associates, St. Augustine, Fla, USA.

Published: October 2006

Organizational costs can be grouped as process cost, cost of quality, and cost of poor quality. Providers should train managers in the theory and application of Lean-Six Sigma, including the seven categories of waste and how to remove them. Healthcare financial executives should work with managers in eliminating waste to improve service and reduce costs.

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