Economic sizing can reduce labor costs.
Fluctuations in census increase staffing costs for most hospitals. By aggregating patients care units and implementing optimal patient placement rules, a hospital can reduce its census variation and nursing labor costs for the aggregated units. There rules are developed through a decision-support technique called economic sizing to lower overall nursing labor costs. Economic sizing established the sequence and census levels by which patients are placed on nursing units.
Channon
B S
BS
Channon and Associates, Deerfield, IL, USA.
D001509:Bed Occupancy / Q000191:economics*; D017046:Cost Savings / Q000706:statistics & numerical data; D006744:Hospital Bed Capacity, 100 to 299; D017721:Hospital Costs; D006757:Hospital Units / Q000191:economics* / Q000706:statistics & numerical data; D006784:Hospitals, Teaching / Q000191:economics / Q000706:statistics & numerical data; D006786:Hospitals, Urban / Q000191:economics / Q000706:statistics & numerical data; D017059:Models, Econometric; D009741:Nursing Staff, Hospital / Q000191:economics / Q000600:supply & distribution*; D010561:Personnel Staffing and Scheduling / Q000191:economics*; D012456:Salaries and Fringe Benefits; D014481:United States