Impacting Financial Outcomes with Workforce Management Initiatives
Managing the workforce and containing labor costs are critical initiatives 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.
In fact, nearly three-quarters of finance executives reported that managing labor costs was the top financial concern keeping them up at night in a survey by Becker’s Hospital Review.
Learn more about those survey results and how health systems are addressing those challenges.
Download this paper to learn strategies from your peers.
In this paper you will learn:
What the top five workforce management challenges are
Strategies for overcoming these key challenges
How to find and fill the data gaps
How to turn your workforce data into better outcomes