Understanding how to use key metrics and benchmarks related to labor productivity and expenses to control labor costs and drive efficiency can be complex. After all, you can’t manage what you don’t measure and act without a strategy. That’s where we come in. We go beyond the metrics, working with you to leverage data to design and implement thoughtful strategies and solutions — custom to your organization — that accelerate measurable and sustainable change.
Labor costs can represent up to 60% of expenditures in your acute care environment
Utilizing a variety of benchmarking data sources — national healthcare productivity databases, research published by professional associations, staffing algorithms, and industry best practice standards to name a few — we provide strategies to reduce labor costs by improving productivity, retention and recruitment, and pay and benefits. Our experts will collaboratively assess and analyze productivity that corresponds to performance measures and meets industry standards. Once key metrics are set, we focus on setting your organization up for future success. That means coaching and mentoring your management teams so they understand what they can do daily to meet their labor management goals. Are you ready to get the most out of your labor costs? Get in touch with our experts and explore our insights below.