Garrick Hyde Consulting
Benchmarking Studies Clients Publications About Us
GHC provides the most detailed cost-reduction study in the hospital industry. And we practice what we preach by providing a high quality benchmarking study at a much lower cost than other firms. Our fees are modest because a cost-reduction study should not be costly.

US Hospitals must reduce costs to remain profitable in today’s environment. Rising costs, inadequate reimbursements, and falling volumes all work against hospitals’ best efforts to remain profitable. Garrick Hyde Consulting focuses on the cost element of this situation by performing cost-reduction studies for hospitals and longterm-care facilities. Through peer-group benchmarking, we identify savings opportunities for every hospital department.

Most consulting firms focus only on FTE comparisons when performing operational assessments. We feel this FTE approach is shortsighted and can lead to erroneous conclusions. Our approach is to base all savings opportunities on departmental expenses. GHC benchmarks each department’s wages, benefits, purchased services and professional fees, supplies, and total expenses, plus FTE productivity and skill-mix. Our methodology of examining all departmental costs is much more accurate and meaningful than measuring only FTE productivity.

 

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