Impacting Financial Outcomes with Workforce Management Initiatives

Managing the workforce and containing labor costs has long been an important initiative for hospitals and health systems. With labor accounting for more than half of operating expenses, labor cost containment has always been on the minds of healthcare executives, but it is quickly moving to the
top of their priority list.

A Becker’s Hospital Review survey of healthcare finance executives showed
that nearly three-quarters of respondents said that managing labor costs was the top financial concern keeping them up at night.

We then examined how health systems are
addressing those challenges. 

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Impacting Financial Outcomes

In this paper you will learn:

  • Top 5 Workforce Management Challenges
  • Strategies for overcoming those challenges
  • Finding the data gaps
  • Turning your workforce data into better outcomes