Benchmark data, improved productivity help team save $6.9 million in labor costs.
Using data analysis to manage labor: A 400-bed hospital cut $6.9 million from its labor budget by analyzing each request for a new or replacement staff member. A team analyzed internal data on labor expenses by department and compared it with national and regional benchmarks. Find out what they did next.
D019985:Benchmarking / Q000458:organization & administration*; D003361:Cost Allocation; D017046:Cost Savings; D017598:Efficiency, Organizational / Q000706:statistics & numerical data*; D006745:Hospital Bed Capacity, 300 to 499; D006764:Hospitals, Community / Q000191:economics / Q000706:statistics & numerical data; D007196:Indiana; D008332:Management Quality Circles; D016134:Organizational Policy; D010561:Personnel Staffing and Scheduling / Q000191:economics* / Q000706:statistics & numerical data; D000078329:Workforce