PITTSBURGH, Nov. 25, 2013 /PRNewswire/ -- Simpler Consulting, L.P., a leading global management consulting firm, today announced that its clients worldwide achieved more than $317 million in cost savings through Lean management initiatives during the first three quarters of 2013, according to the Simpler Client Return on Investment (ROI) Index. This translates into a total of nearly $1.2 billion in client ROI since the start of the ROI Index in 2011.
The Simpler Client ROI Index measures the global business impact of implementing Lean management practices in total cost savings, performance improvements and revenue growth for Simpler Consulting clients across all sectors. The New York City Health and Hospitals Corporation (HHC), for example, achieved an ROI of more than $51.4 million year to date in Fiscal Year 2013 through its continued Lean management efforts.
"Since we started our Lean transformation in 2007, we have achieved $383 million in gross revenue and cost savings, and we continue to see this number grow," said Joanna Omi, Senior Vice President, Organizational Innovation and Efficiency at HHC. "Through Lean management, HHC has been able to effectively identify problem areas where improvements were needed and strategically address those issues quickly. It has been instrumental in helping us significantly streamline processes, cut costs, and most importantly, improve care for our patients."
Simpler Consulting uses Lean thinking to help businesses across the healthcare, commercial and public sectors achieve cultural and operational transformation. Hundreds of organizations today use its Simpler Business System® to improve processes, eliminate waste and reduce costs.
"As organizations are increasingly faced with shrinking budgets, regulatory changes and other challenges, it is more crucial than ever for businesses to re-examine their processes and bring a new level of innovation to their business operations," said Marc Hafer, CEO of Simpler Consulting. "When launching the ROI Index, we set the goal of helping our clients achieve more than $1 billion in ROI through Lean transformation over three years, and we are proud to have reached the goal ahead of schedule. It is truly a milestone for Simpler Consulting, and we look forward to helping our clients achieve financial savings, while improving quality, driving growth and increasing employee and customer satisfaction."
About Simpler Consulting, L.P.
Simpler Consulting, L.P. is a leading global management consulting firm that helps companies improve processes to stimulate business-impacting results. Unlike traditional management consulting firms that specialize in developing strategy but fall short on execution, Simpler plays an active role helping clients to create an organizational culture that continuously seeks out opportunities to make improvements. With its proprietary Simpler Business System®, Simpler® has delivered the fastest and most enduring Lean transformations at hundreds of organizations around the world. To learn more, visit http://www.simpler.com.
© 2013 Simpler Consulting, L.P.
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