Lurie Children’s Aims to Save Millions Through “Funding Our Future” Initiative
Funding Our Future is a program developed to strengthen and improve Lurie Children’s financial performance in a way that is sustainable and can be quickly implemented. The program relies on the expertise and frontline knowledge of our workforce to suggest and carry out plans that represent sustainable cost-saving ideas. The goal is to save $12 million per 100-day Workout, which is a four-month period of focused effort related to a specific topic.
The Funding Our Future program is based on our organization’s need to work through the financial challenges that remain post pandemic including, Medicaid reimbursement rates, supply chain inflation, and fluctuations in patient census. Strategic growth plus greater efficiencies are imperative for Lurie Children’s financial sustainability so we can continue to serve our patients and families today and in the future.
Workout 1: Waste 
(*Data reflected in graph is as of 1/16/24)
- Target Savings – What Lurie Children’s hopes to achieve in 100 days.
- Planned Savings – The amount based on plans that have been submitted.
- Implemented – Plans/changes have been completed.
- Validated –The Finance Department has determined the true amount of each plan, projected savings vs. actual savings.
Funding Our Future is an ongoing initiative at Lurie Children’s that will have additional 100-day Workout topics.
