How to Make Productivity Gains Possible and Profitable
Staff cuts are not always the answer.
Staff cuts are not always the answer.
Proactive hospitals need to prepare for the future – today.
In today’s hospitals, it’s not uncommon to encounter defensiveness from inpatient unit managers who miss their productivity targets.
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By Eric Dam, MHA, Principal, Labor Cost Management, Compass Clinical Consulting: In interviews conducted with senior Chief Financial Officers of hospitals it is abundantly clear that there is a fear to pursue improved productivity / Labor Cost Management. Many hospital leaders, especially in the non-profit sector of the healthcare industry, fear productivity or are otherwise reluctant to pursue a formal productivity assessment and coordinated program to improve their labor cost management.
By Kate Fenner, RN, PhD: The smart leaders understand that regardless of how healthcare reform looks when it becomes law, the real truth is that we’ll all be getting less. Knowing this is the end-point gives us all the freedom to take action now.
By Eric Dam: If policies for clocking staff in and out is not addressed regularly, you will have an almost silent vacuum cleaner sucking badly needed financial resources out the door every day until suddenly a financial emergency hits the wall.