Tag: "Labor Cost Management"

Changing Attitudes: The Key to Achieving Hospital Productivity Gains

Changing Attitudes: The Key to Achieving Hospital Productivity Gains

In today’s hospitals, it’s not uncommon to encounter defensiveness from inpatient unit managers who miss their productivity targets.

Apr 09, 2010 | 3 comments | View Post
Low-Cost, High-Quality Healthcare Can Be a Reality

Low-Cost, High-Quality Healthcare Can Be a Reality

with Smart Workforce Planning

Apr 01, 2010 | 0 comments | View Post
Taking the Fear out of Hospital Productivity

Taking the Fear out of Hospital Productivity

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.

Sep 25, 2009 | 0 comments | View Post
Hospitals Facing Red Ink as Recession Impacts Finances

Hospitals Facing Red Ink as Recession Impacts Finances

According to new study by Thomson Reuters, the key metrics to watch most closely right now are operating margins and frequency of elective procedures. If they start to slip, it may usher in a host of contagion effects.

Apr 30, 2009 | 0 comments | View Post
Manage Labor Costs While Improving Patient Care

Manage Labor Costs While Improving Patient Care

The Impact of Throughput on Labor Cost Improving hospital throughput maximizes the use of hospital assets – time, space, capacity, equipment, and human assets. Maximizing those assets leads to significant productivity gains. When throughput is increased, unnecessary work can be eliminated and existing staff can process added patient volume more effectively. Throughput improvement is especially [...]

Apr 03, 2009 | 0 comments | View Post

Every Hospital — Even the Best — Can be Better

The same problems plaguing Operating Rooms today were at work 15 years ago. I found a scholarly document on operating room management written in 1992 that goes into detail on these problems: “multiple surgical specialties, anesthesiology and nursing — have different motivations and cultures that frequently do not work well together on a team. Strong personalities, long work hours, interpersonal coflicts and many critically ill patients make the O. R. an area of high stress.”

Feb 15, 2009 | 0 comments | View Post
AHA Report: Hospitals in Trouble

AHA Report: Hospitals in Trouble

Health care is not immune to changes in the economy. In its “Reports on the Economic Crisis: Initial Impact on Hospitals” issued by the American Hospital Association last November, several startling trends were identified: Uncompensated care is increasing at the rate of 8 percent nationwide. Hospital operating margins are declining 1 percent or more on [...]

Feb 15, 2009 | 0 comments | View Post