Challenge:
The hospital was facing the challenge of recovering outstanding dues worth 2.4Crs from a scheme, and their previous attempts to recover the dues had not been as efficient as they had hoped. Therefore, the hospital management sought the help of 7Sigma to expedite the recovery process and achieve their goal with greater efficiency.
Solution:
7Sigma was engaged to handle the outstanding dues recovery process. The firm developed a strategy that involved an in-depth analysis of the outstanding dues and the scheme. Based on the analysis, the team identified the root causes of the outstanding dues and developed a customized approach to address them.
Results:
Through 7Sigma's efforts, the hospital was able to recover 1.8Crs of outstanding dues in just 60 days. The successful recovery of the dues helped the hospital to improve its financial position and cash flow.
Conclusion:
The case study highlights the importance of engaging a professional firm like 7Sigma to handle the recovery of outstanding dues. The hospital's unsuccessful attempts to recover the dues demonstrate the complexity of such processes and the need for a customized approach to address the underlying issues. The successful recovery of 1.8Crs in just 60 days by 7Sigma helped the hospital to improve its financial position and cash flow, thereby enabling it to focus on providing quality healthcare services to its patients.
