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	<h1>How lean strategies saved a critical access hospital from financial crisis</h1>
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			<span class="post-date">Apr 10</span>

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				Posted by <a href="/forum/user/501-soham-srimani">SOHAM SRIMANI</a>				in <a href="/resources/sigmaway-blog/continuous-process-improvement">Continuous  Process Improvement</a>			</span>
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	<p class="MsoNormal"><span style="background-position: initial initial; background-repeat: initial initial;">The 25-bed<span class="apple-converted-space">&nbsp;</span></span>critical access <span style="background-position: initial initial; background-repeat: initial initial;">Monadnock Community Hospital faced a huge deficit as a direct result of an unexpected ice-storm that hit the state of New Hampshire in December 2008, causing a two-week power outage. The hospital was in deep financial trouble.Fortunately for the hospital and the region, the hospital management had decided to look into various options to bail the hospital out of this crisis. The hospital's lab department had some success following a<span class="apple-converted-space">&nbsp;</span></span>lean Six Sigma model<span style="background-position: initial initial; background-repeat: initial initial;">, so the hospital authority pursued the strategy hospital-wide. Mr. Peter L. Gosline, president and CEO of Monadnock Community Hospital, had highlighted the success of the hospital's five-year "lean" journey during the<span class="apple-converted-space">&nbsp;</span></span>American College of Healthcare Executive's 2014 Congress<span class="apple-converted-space"><span style="background-position: initial initial; background-repeat: initial initial;">&nbsp;</span></span><span style="background-position: initial initial; background-repeat: initial initial;">in Chicago, a model that he estimates has saved the organization $1 million a year! </span></p>
<p class="MsoNormal"><span style="background-position: initial initial; background-repeat: initial initial;">To read more, visit the link address given below:</span></p>
<p class="MsoNormal"><a href="http://www.fiercehealthcare.com/story/how-lean-strategies-saved-nh-critical-access-hospital-financial-ruin/2014-04-07" target="_blank">http://www.fiercehealthcare.com/story/how-lean-strategies-saved-nh-critical-access-hospital-financial-ruin/2014-04-07</a></p></div>

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