Himes Consulting Group Blog
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What Unique Value Do You Provide To Your Customers?
A clearly defined Value Proposition is critical to becoming a market leader. The first step in defining a Value Proposition is determining your organizations Value Discipline. Value Disciplines are either Operational Excellence, Product Leadership or Customer...
How can your organization benefit from utilizing Business Process Management (BPM) Standards?
Process Improvement projects using BPM standards have a 90% success rate and offer the lowest risk solution. BPM is different that BPR in that the objective of the BPM process analysis is not simply to eliminate manual efforts, it is to understand the interactions...
Top Three Reasons Subrogation and Arbitration Processes Underperform
On average, in-house subrogation/arbitration teams leave 20% of recoveries on the table. 3 Key Reasons Incorrect Personnel Inefficient Processes Lack of Corporate Strategic Support 3 Alternatives Internal Approach - Fix it in-house External Approach - Source the...
Looking for Profit without incurring additional costs? More efficient and effective subrogation may be your answer!
Subrogation and arbitration recoveries are not affected by adverse market conditions making them an invaluable revenue stream in a downturned market Subrogation is what separates good insurance companies from great insurance companies. An effective and successful...
The Time is Now to Formalize Your ICD-10 Initiative!
ICD-10 compliance date has been set for October 1, 2013 The new code sets will impact Providers, Payers, Vendors and others Although the compliance date is not for some time, many activities need to be completed between now and then: Impact assessment Business process...
Which Improvement Philosophy is Most Appropriate for Your Organization and Why.
Multiple improvement philosophies exist, yet each may yield different results: Activity Based Costing – focused on expense allocation Six Sigma – focused on defect reduction. May not be so good for innovation of new processes Lean – focused on eliminating “waste” and...