Challenge
A growth equity-backed on-demand home healthcare provider had trouble stabilizing operations and aligning on priorities to improve scalability.
The company needed help to rapidly identify opportunities to significantly reduce corporate costs and improve process efficiency throughout the organization.
Approach
- Baselined current spend and conducted leadership interviews and analyses to identify cost reduction opportunities
- Led Kaizen workshops to validate cost reduction goals and process improvement opportunities
- Documented initiative charters and implementation costs and developed financial model to measure and manage annualized, in-year, and run-rate savings
- Developed implementation plan and identified critical success factors and dependencies for each initiative
Results
Identified over $36M in savings opportunities, 80% higher than initial CEO target
Delivered financial model and project plan providing line of sight for savings opportunities and action plans across initiatives and corporate functions
Identified key process improvement opportunities through Kaizen event and partnering with client teams that will aid in continuous improvement and enable a more efficient process