Today’s COVID19 financial environment is completely unexpected and unprecedented. The hospital and university industries are two that may be feeling it the worst. The scramble to save finances in both industries is already happening full tilt, with workforce and human capital being an unwanted but unfortunate casualty. In hospitals, revenue is down 15-20+% with the near [...]
Amidst massive (i.e., 20-30% annual) revenue decline caused by COVID-19 and steadily growing fixed costs, hospitals are suddenly facing declines in their margins of 200-300%, leaving executives scrambling to reduce costs. Previous focal points of hospital value management, like clinical supplies and purchased services, are now becoming much harder to find meaningful latent value. Labor reduction, [...]
Congratulations to the Department of Commerce, and Shirley Bowie-Dean for achieving an A on the most recent MEGABYTE grade! The full FITARA scorecard was published this week. SIE is proud to have supported DOC with improving their MEGABYTE grade, and helped Commerce establish a multi-year plan for software centralization, including all 13 bureaus. Since 2016, SIE [...]
DC-local Service Academy Grads. Join SIE Consulting Group, and Dave Harrington, for the "2nd Tuesday" Joint Service Academy Business Mixer. Hosted at SIE on Tuesday September 11, 2018. RSVP to Jess Posey (bwjessposey@gmail.com). See link for more details. #USNA, #USMA, #USAFA, #USCGA, #USMMA. Service Academy Mixer Flier_09112018