Mayo Clinic, known for its excellence in healthcare delivery, applies Lean principles to reduce patient waiting times in its emergency room. The requirements are:

• Calculate the current average Patient Waiting Time and its impact on patient satisfaction.
• Recommend operational strategies to reduce Patient Waiting Time, such as optimizing triage processes and staffing levels.
• Discuss the alignment of reducing Patient Waiting Time with Lean healthcare principles.
• Create a financial projection table showing the potential revenue increase and cost savings from reduced waiting times.