Craft Strategies is focused upon profit improvement through the blending of people, process and technology.
For more information, please click a topic:
Our labor force is changing, morale is being under minded by market uncertainty,layoffs and individuals in the workforce are less motivated, want less responsibility, are less educated, and are widely diverse in age, background and lifestyle. Building a high-performance, fully engaged workforce means an organization must analyze and prepare a plan to retain only the best employees who will have a positive attitude under the gloom of uncertainty, be focused and engaged, and deliver results.
Engaged employees are excited and enthusiastic about their jobs. They resist distractions, tend to forget about time and routinely produce significantly more than the job requires. They enjoy searching for ways to improve circumstances and volunteer for difficult assignments. They also encourage others to higher levels of performance. Finally, they are proud to be involved with their organization and are more likely to stay with the company.
In today’s highly competitive business environment, successful senior executives rely on Trusted Advisors for advice, objectivity and expertise as they navigate through the complexities of leading and managing their business. Through Craft Strategies’ program of Trusted Advisory support, a corporate leader has access to several Trusted Advisors that provide the additional advantage that he or she needs to deal with strategic and tactical issues.
Approach:
Approach:
Program Description:
Approach:
Benefits:
The value proposition for the Customer Experience Practice is to enable your company to have satisfied customers and reoccurring revenue with add on sales/revenue within 90 days.
Using proven personnel assessment tools that were developed specifically for the customer service organization, proprietary methodologies, and innovative processes, we employ exemplary customer-centric strategies through the application of sound business practices. All of our services are individually customized to your company’s specific needs in order to maximize your bottom-line.
Some of our customized Customer Experience services are:
Approach:
It is important to recognize that each customer and business culture requires a unique set of values and business behaviors to succeed. We will measure the behavior of your most effective CSRs, and create a “Benchmark” (Best-of-Breed) profile of them. You will then coach existing staff and hire into that Benchmark profile; thereby coaching and hiring people that share the same, ability to communicate, problem solve, display behavior and retain passions for customers; developing and getting the right people to deliver your customer experience!
A commonly accepted definition of Business Continuity Management (BCM) is, “the development of strategies, plans and actions that provide protection or alternate modes of operation should your enterprise experience an interruption”. Craft Strategies LLC believes it is a much more powerful tool. We are convinced that the true value of business continuity planning is its usefulness in keeping you on track to realize your business objectives.
Craft Strategies LLC creates BCM value by first focusing Executive’s attention on the fundamental processes and people that make up their business. Gathering quantative and qualitative data about “What we do” and “Who does what we do”, can have a profound impact on several other key business questions. For example, “How does this knowledge affect where we want to go as an enterprise?” and “What do we need to do about the effects to our business plan of not being able to do the most critical things using the most critical talent?”
There is much more to Business Continuity than plan building and testing. The more consideration given by executive management to continuity strategy development, the more likely it is that recovery investments made will be both cost effective and useful when it comes to maintaining viability during a business interruption.
APPROACH
Even within the same industry, business continuity strategies differ due to unique long term business strategies, Management’s risk appetite, and their response to the market in which they operate. We have experience in developing practical, cost-effective strategies that can be developed into executable plans for your specific business environment. Our approach draws from experience in a variety of industries and aligns with your investment in other pressing business strategy, regulatory and compliance issues, including the unique nature of the current economic environment.
Our approach is business-oriented and based on the risks and impacts relevant to an organization’s key business processes and the people supporting them. Backup strategies alone, just aren’t enough anymore. Our planning focuses on the evaluation of those people, processes, technology and data that are vital to your operation. Craft Strategies’ Business Continuity Management Strategies are strengthened by the use of Certified Business Continuity Professionals (CBCPs) throughout the lifecycle of our engagements.
WHAT WE DELIVER
• Risk Assessment and Business Impact Analysis
• Recovery Strategy Development
• Business Recovery Plan and IT Disaster Recovery Plan Documentation
• Crisis Management Plan Development
• Recovery Plan Testing
• BCM Training Program Development
• Overall BCM Program Assessment and Audit.
Approach:
The Six Sigma strategy drives a relentless focus upon eliminating errors in processes. Healthcare organizations face not only liability and compliance risk due to the many errors being generated every day, but additionally, labor inefficiencies, which rise dramatically as a result of repetitious inspection and rework.
Studies indicate that up to 98,000 patients die annually due to medical errors. Other Studies show that the probability of preparing an error-free healthcare claim, with no rework required, is as low as 5% for most healthcare providers.
Benefits:
Craft Strategies Healthcare takes compliance as an opportunity to continually monitor processes and controls. Compliance can become more a matter of contin-ual process improvement with controls in place to monitor staff adoption of stan-dards and practices and process performance metrics. We blend Lean for Health-care, Incident and Risk Management, Compliance Management, and Human Capital Management solutions to create an integrated approach to achieving compliance and managing risk in organizations large and small. We offer this integrated solu-tion through our relationship based advisory and risk monitoring service that in-cludes a secure web based knowledge and learning management system. Through the blending of people, process and technology we achieve compliance as a by-product of managing the daily operations of your organization.
If Change Was Easy, Why Is Everyone Talking To Themselves?
As a healthcare leader, you realize that in the current era of shrinking reimburse-ments, increasing regulation, pressure to improve outcomes and restricted access to capital that changing the status quo is no longer an option, but a matter of survival. Many organizations that have invested in cultural and change transformation efforts have found that many of their efforts have paid off, but only for a while. Sustainable cultural improvement and change manage-ment requires more than the latest manage-ment trends and buzzwords, but a genuine C-level commitment to model transpar-ent communication and empowered accountability among leadership and staff.
Craft Strategies Healthcare Practice brings seasoned experts in cultural and change governance to re-connect CxO’s all the way down to their line staff and direct cus-tomers to truly engage and align, instill trust and integrity and unleash the hidden passion for achieving the joint goals for all stakeholders in your healthcare enter-prise. Our strategic partnerships with leading healthcare focused thought leaders can further your efforts by providing practical tools and needed mentorship sup-port for your key initiatives in patient satisfaction, employee satisfaction, provider relationships, measured quality improvement, patient safety, regulatory compliance and technology-enabled process transformation.
Our goal is to help you create a unified strategy to manage these multiple and often competing initiatives under one governance framework that helps you establish the right metrics of success, create clear communication channels to avoid surprises, and empower and reward the success of your leadership and expert teams.
Craft Strategies Healthcare helps you identify cost con-tainment strategies that begin with a goal of creating long-term value. We first involve the right people and provide the guidance in performing a joint assessment of key services and resources that have a direct context towards strategic revenue goals. Using this baseline, we pro-duce for you a balanced and ranked portfolio of services and resources that are potential candidates for containment. In addition, we can benchmark your expendi-tures in these areas with a unit of service method for both internal trends as well as against your peers.
Upon identification and mutual agreement of key opportunities, we then bring our expert network to bear to assess consolidation and re-negotiation opportunities. In addition, we can bring strategic sourcing options into play with the goal of main-taining or improving on existing service levels while reducing ongoing operational costs. Our experience spans cost containment and optimization ranging from mar-keting and media buys, labor and productivity improvement, supply chain reduc-tions, benefits and insurance optimization, vendor contract negotiations , IT staff-ing and voice/data network costs and overall business process outsourcing pro-gram implementation.
Craft Strategies Healthcare offers a revenue cycle improvement approach that is service based and uses a balanced scorecard strategy that is fundamentally based on an account and encounter level service issue resolution. The result is continu-ous improvement driven by metrics focused exclusively on the effectiveness of your revenue cycle team to consistently resolve account and encounter level reve-nue service issues in a timely and appropriate manner. These metrics are mutually exclusive of accounting treatments, utilization variations and payor mix changes. In addition, we can provide and integrate our unique SaaS based activity tracking, is-sue management and knowledge base platform that brings the best practices from world-class customer service and technical service management organizations with an adapted approach for the healthcare revenue cycle. The goal is to assist you in creating transparent and empowered revenue cycle team communication with ac-cess to group problem solving and real-time policy development to address emerg-ing or recurring revenue issues. Our methodology allows you to free yourself from the constraints of “canned workflow” systems that require constant modeling and re-configuration to optimize your process. In addition, you get metrics that truly reflect revenue cycle performance. In a meaningful way that allow you to continu-ally adapt and improve to industry issues.
Craft provides to America’s colleges and universities creative and cost effective solutions to the financial, operational, and strategic problems being faced today. As specialists in higher education, we understand the need for resource management and fund development in today’s challenging economic times. We use methodologies that focus on analysis to help colleges and universities make the best use of their people, financial, and technological resources. We deliver results on-time, within budget, functionally complete and culturally functional.
Service Offerings:
Craft provides to America’s retailers creative and cost effective solutions to the financial, operational, and strategic problems being faced today; such as the implementation of a consignment business model. As specialists in retail, we understand the need for resource management and sales in today’s challenging economic times. We use methodologies that focus on analysis to help the retailer make the best use of their people, financial, and technological resources. We deliver results on-time, within budget, functionally complete, and culturally functional.
Service Offerings:
Program Description:
Program Description:
Program Description:
Program Description:
Why Stress? Compliance And Risk Management Is Easy Right?
Healthcare organizations of all sizes have a mountain of regulation that keeps on in-creasing as the federal government, states and even industry groups thrust more rules and standards in an effort to protect pa-tients, mitigate abuses and drive organiza-tions to improve quality while reducing over-utilization and unnecessary care. In addition to healthcare specific regulation, there is the addition of various tax, payroll, human re-sources, privacy, consumer fraud and corporate governance compliance issues that can make just navigating all the issues more than a full time job. Large healthcare organizations have compliance departments with an entire team focusing on noth-ing but constant review, education and audit of compliance issues. Smaller organi-zations do their best to address compliance risk within their means, taking a stance driven on policies and procedures but usually lacking on visibility on the reality of their compliance risks. Both scenarios are problematic in that changes in or addi-tions to regulations such as those required in ARRA legislation will require organi-zations to reinvest time and effort into their compliance programs.
If You Have To Cut, Make Sure You Know The Pitfalls!
Many healthcare organizations are facing hard choices due to diminishing marginal returns on many programs and tight cash and capital. Due to the tough economic times, patients services and plan membership have declined im-pacting revenue for payers and providers alike. CxO’s are challenged with making difficult cuts while trying to de-termine the long-term implications of such a move. In this situation, a thorough review of your programs, ser-vices, assets, and resources is essential to identify which are critical to long-term performance and which are non-essential to your organization’s bottom line.
Money might not buy happiness, but improved cashflow might!
With all the challenges inherent in the balancing act that is healthcare finance, it is often hard to keep a pulse on what the real issues are that impede cashflow. Many healthcare institutions have addressed the move to HIPAA and have leveraged technology and workflow enhancements into their revenue cycle to improve cashflow performance. However, a remaining theme that resonates through many organiza-tions is the the lack of meaningful feedback and trending on revenue performance issues prior to receivable problems becoming bigger. With the constant changes in revenue cy-cle issues, this can be a challenge for a revenue cycle pro-fessional to foresee. Most traditional measures for health-care revenue cycle such as days in A/R, total cash received and cash as a percent of aging categories fail to discount accounting treatment, utilization variation and payor mix changes.
Program Description:
Program Description: