Training is typically one of the greatest investments for any organization. Certainly, there’s the cost for the classes – but there is also the time investment and the opportunity cost of things that could be done while your team is learning. It’s hard to be certain that you’re making the right decisions in your choice. In an industry like home medical equipment, it can be hard to get qualified data from your peers on their education budgets as well.
Key Findings from the BHG Study:
- Custom eLearning is the most expensive learning experience to develop, and video learning is the least expensive of those analyzed. eLearning is utilized 28% more often by team members.
- 58% of organizations spend more than $1,000 per learner on training for senior leadership annually – compared to just 39% for high-potentials and 32% for mid-level management.
- The classroom is still king — it’s chosen 22% more than any other modality.
- Coaching/ mentoring is seen as more effective for the third consecutive year, although its use is 37% less.
These five other thoughts are important when contemplating what you invest in improving your business through its people.
Leading a successful healthcare business and calling plays for a sports team are quite parallel in more than just a couple ways. If you’re the coach of any team, the way you organize your communication and direction are probably related to your wins – and losses.
Just like a team showing up for practice, employees show up understanding why they are in the office that day. Often the right mix of encouragement and accountability will bring the best out of them.
When drawing a comparison between sports and business, we have all heard cliché analogies for having the ‘Hail Mary’ sales plan or a manager that feels a project is ‘in her wheelhouse.’ This blog focuses a little more an existential comparison – specifically on the way that you call plays in your business and the players on your team that you choose to run them.
There a few things to consider when choosing the type of coach you want to be:
Micro-efficiencies are tools or small process improvements that solve time-stealing problems.
We sort of made that word up. After all, the word efficiency already exists – so why would we need a subclassification? It’s not very often that a made-up word would make it into the list of Lab Tactical’s digital vocabulary, closely governed by both Grammarly and our CEO!
Yet somehow we slipped this one through for the blog post and here’s why we think you should add more Micro-efficiencies to your life…
Using smart devices is where you’ll likely find the most opportunity to deploy micro-efficiencies, starting with your smartphone. Now, there are a ton of examples of how your smartphone can make your life easier. It’s choosing the right apps or software are most helpful that can be a challenge.
It’s likely you’re using your device for your job role in your company, even if they don’t reimburse you for it! More business is done through smartphones than ever before.
This means that often we’re expected to be just a little more attentive, a few more hours a day. Being responsive is a great way to build relationships and manage multi-tasking. It can also take a bite out of your downtime, which is just as important.
If you are fine with a notebook and phone calls to your team, these suggestions might not be for you. But if you’re anything like us, you’re curious about a few solutions that can be implemented with a bit of diligence and setup, read on. Read More
Organizations grow when their people do. Even the best team members often put their own development aside, instead choosing to focus on the needs of day to day work. This habit probably exists in your company, too.
It’s long been said that education improves your opportunity to have a better job. Plenty of studies allude to it, like this one from the Brookings Institute, but at some point, the formal education path ends with the completion of high school or college.
So, how do employees keep learning?
Employees often count on you, their employer, to pick up where their previous teachers left off. Usually, it’s because they can’t really find the type of training they need on their own or they aren’t sure what skills or concepts we be helpful for them to learn.
So, how can you step up and help your employees get access to education that helps them grow themselves and your company?
A new year, undoubtedly, means new resolutions. Whether the idea of making resolutions fills with excitement or that opening sentence just made your eyes roll, there is a universal truth we can all agree on: getting organized and staying on top of priorities is a never-ending challenge of business owners, executive, and managers. With that in mind, we’ve compiled a list of some of our favorite tools for getting sh*t done!
- Bullet Journaling. One of our team’s favorite tools over the past year or so, the Bullet Journal method is a great tool for prioritizing tasks. We’ve each adapted this method to meet our individual needs and work habits and that adaptability is what makes this method so functional!The basic concept: create one list each morning (or the night before for my fellow night owls out there!) with all the tasks & events that need your time & attention. For example, my list includes the things I need to touch for clients and Lab Tactical… but also includes reminders about friends’ birthdays, yoga class, and travel plans. This balance between personal and professional responsibility helps reduce the time you need to spend prioritizing your day to the best, most productive you possible. Learn how to start your own Bullet Journal here.
The key to successful patient outreach campaign is to really understand your audience. Take the time to do some research, put a roadmap together, and plan how to execute this campaign to gain the best possible results. We’ve put a list of questions together to help get you started on piecing that plan together. Below you will find a list of 10 questions that you and/or your team should ask yourself to get the planning process started.
Switching from one software platform to other is something companies should never take lightly. In today’s landscape, you can pick from the host of options: HDMS, Brightree, TIMS and the Mediware suite of software are all vetted options in our space.
We think that evaluating a change requires a systematic approach, including the 4 steps below.
From a high level, implementing new billing software additional capital from the company and additional resources from your current staff. Place emphasis on the latter of those two examples: your staff.
The key is understanding which products can be drop shipped and which ones should be in your warehouse to maintain profitability. We have laid some information below to help you better understand the advantages to automating your product delivery.
It’s critical to understand what product can be drop shipped and which ones
should be in your warehouse…
Bringing medical equipment into a person’s home and integrating it into daily life can be a challenge. When incorporating a new piece of equipment into their world, most patients want to understand a few fundamental things about their continuum of care. We recommend cracking the communication code with patients by focusing on three key areas to guide patient expectations:
Whether it’s an elderly person looking to maintain independence, a dad who needs to control his sleep apnea, or a complex rehab patient who is adjusting to a whole new way of life, in many cases, your patient is coming to you because something significant has changed. Focus communication efforts on guiding your patient through the process so they have a good idea of what might be coming next in their healthcare journey.
5 tips to build a value-based relationship game plan
The shift to an outcomes-based model of business you have been reading about for years is real and is finally occurring. We have watched it at the state level in places such as Texas and Tennessee with service-level contracts for specific regions. We also see it at the payer level with programs such as Aim Specialty Health, which focuses more on usage and proving efficacy.
Conversations with payers frequently include discussions about outcomes, yet the term “outcome” by itself is generic and might not mean much if you have not been specifically affected in your organization—or perhaps it means everything because you have been affected. In either case, your approach, preparation and continued engagement with payers are what continue to add meaning to the term “outcomes.” Stated more simply: an outcomes-based model requires having a value-based relationship with your payer.
Preparing yourself for value-based relationships with your payers is something that every company can do, regardless of size or service area. So, what does this mean to you and what can you do about it? Following are five tips to jump-start your payer relationship game plan.