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Channon & Associates has an outstanding track record partnering with hospital and system senior leadership to speed up execution of results and meet financial improvement goals.

Representative Results

  • Implemented major cost reduction initiatives at dozens of medical centers; Savings of $5,000,000 to $100,000,000
  • Developed and implemented breakthrough approach to lower overhead and corporate cost by over $15,000,000
  • Implemented $35M in cost reduction (on $600M base); operating margin improved from 0% to 5.2% in eight months. Implemented departmental and systemwide cost reduction plans
  • Reduced costs 13% more than planned with labor productivity improved to the 35th percentile of benchmarked hospitals; Cost reduction targets were fully realized within 6 months of plan implementation
  • Exceeded savings realization goal by 20% with over $10M annual recurring on a $350M base
  • Implemented cost reduction of over $26M which was 102% of the targeted savings level; Work spanned six entities including hospitals, rehab and behavioral health facilities, home health and corporate office

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<br />Channon & Associates has an outstanding track record partnering with hospital and system senior leadership to speed up execution of results and meet financial improvement goals.<br />

Representative Results</p>
<li><span style=”font-size: 18px; color: #000000;” data-mce-style=”font-size: 18px; color: #000000;”>Implemented major cost reduction initiatives at dozens of medical centers; Savings of $5,000,000 to $100,000,000</span></li>
<li><span style=”font-size: 18px; color: #18183b;” data-mce-style=”font-size: 18px; color: #18183b;”>Developed and implemented breakthrough approach to lower overhead and corporate cost by over $15,000,000</span></li>
<li><span style=”font-size: 18px; color: #000000;” data-mce-style=”font-size: 18px; color: #000000;”>Implemented $35M in cost reduction (on $600M base); operating margin improved from 0% to 5.2% in eight months. Implemented departmental and systemwide cost reduction plans</span></li>
<li><span style=”font-size: 18px; color: #18183b;” data-mce-style=”font-size: 18px; color: #18183b;”>Reduced costs 13% more than planned with labor productivity improved to the 35th percentile of benchmarked hospitals; Cost reduction targets were fully realized within 6 months of plan implementation</span></li>
<li><span style=”font-size: 18px; color: #000000;” data-mce-style=”font-size: 18px; color: #000000;”>Exceeded savings realization goal by 20% with over $10M annual recurring on a $350M base</span></li>
<li><span style=”font-size: 18px; color: #18183b;” data-mce-style=”font-size: 18px; color: #18183b;”>Implemented cost reduction of over $26M which was 102% of the targeted savings level; Work spanned six entities including hospitals, rehab and behavioral health facilities, home health and corporate office</span></li>
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<br /><a title=”Testimonials” href=”http://channonconsulting.com//testimonials/” data-mce-href=”http://channonconsulting.com//testimonials/”>Interested in what our clients are saying about us?</a>If Channon & Associates sounds like a firm you would like to consider, we invite you to call us at 312-714-7351 or email us at <a href=”mailto:info@channonconsulting.com” data-mce-href=”mailto:info@channonconsulting.com”>info@channonconsulting.com</a><br />

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Representative Results
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Representative Results