Time is money--labor analysis toolkit.
Ststemic workforce shortages combined with increased demand for healthcare services can lead to significant capacity limitations. Organizations can improve profitability through informed strategic and front-line labor management. For example, a typical 300-bed hospital could potentially save $5.3 million annually by moving from the median of labor-cost-per-discharge performers to the top quartile. These cost savings can be reinvested in labor resources--the salaries, benefits, and retention activities essential for long-term success.
D003299:Cooperative Behavior; D003363:Cost Control; D003659:Decision Making, Organizational; D017598:Efficiency, Organizational / Q000191:economics; D005377:Financial Management, Hospital / Q000379:methods*; D017721:Hospital Costs / Q000706:statistics & numerical data; D015274:Interdepartmental Relations; D010557:Personnel Administration, Hospital / Q000379:methods*; D010561:Personnel Staffing and Scheduling / Q000191:economics*; D010564:Personnel, Hospital / Q000191:economics / Q000600:supply & distribution*; D017064:Process Assessment, Health Care; D012456:Salaries and Fringe Benefits / Q000706:statistics & numerical data; D014481:United States; D016526:Workload