Operational efficiency definition

Operational efficiency means the ratio of output, defined as a given volume of patient care service produced by a discrete unit or department of a hospital to the inputs required to produce the same given volume of patient care service by the discrete unit or department of the hospital. A common measure of output and inputs, such as money value, shall be used to establish the operational efficiency ratio. Improving or increasing the level of operational efficiency for a discrete hospital unit or department would require increasing the ratio of output to inputs for a given volume of service.
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Examples of Operational efficiency in a sentence

  • Operational efficiency is increased by the responsible management of the benefit 18 time usage.

  • Operational efficiency is increased by the responsible management of the BT 27 usage.

  • Operational efficiency is increased by avoiding door-to- door meter reading and automatic calculation of outage management.

  • Operational efficiency is increased by the responsible management of the BT usage.

  • Operational efficiency is increased by the responsible management of the BT 7 usage.

  • Operational efficiency, effective use of resources and the turnover rate of plots are particularly important in capital intensive businesses, such as paving, and in markets with a tight margin environment.

  • Operational efficiency serves the common goals of ensuring high quality care, decreasing waiting times, improving the patient’s experience and interaction with the ED staff, and ultimately, increasing satisfaction.

  • Operational efficiency The purpose of this Agreement is, in the mutual interest of the Company and of the employees, to provided for the operation of the services of the Company under methods which will further, to the fullest extent possible, the safety of air transportation, the efficiency of operation, and the continuation of the employment under conditions of reasonable hours, proper compensation, and reasonable working conditions.

  • Operational efficiency is increased by the responsible management of the benefit 9 time usage.

  • The Participant may exercise less than the full installment available to him or her under this Option, but the Participant must exercise this Option in full shares of the Common Stock of the Company.