What is KND$?
- Electronic tool to help you get started
- User friendly « Provides one site for all data
- Allows for multiple users in department
- Assures consistency
- Includes definition and facts material
- Auto calculates meals and meal equivalents
- Calculates percentage of patient meals and percentage of non-patient meals
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- Use numbers to show efficiencies with cost per patient day to challenge a contractor.
- Use numbers to show success of new program proving return on investment.
- Use numbers to show increases in meals produced and retail sales with current labor.
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Tracking internal data helps operators:
- Justify new programs Prove ROI
- Set new directions
- Respond to economic challenges
- Validate need for change
- Educate administration
- Help the facility reduce costs or justify new investments
- Justify FTEs current labor
Best Practice
- Successful operators track data and understand numbers.
- Operators who measure what they manage know their productivity.
- Operators that know how to use their numbers help administrators solve problems and set new directions.
- Operators who share numbers with staff educate staff and gain their support.
In today’s environment, financial management is critical to running a successful operation. KND$ provides organization and easy access to department’s internal key metrics.
Using KND$ allows my team to centralize internal data for easy and efficient tracking on a daily basis. This allows us to know where we stand at all times, and tracking expenses with confidence helps me be a stronger director. The program helps us plan successfully and gain support of Medical Center Administration in the process.