Labor costs account for the largest share of hospital expenses, often exceeding 50% of total operating costs. For COOs and operational leaders, labor productivity isn’t just a metric, it’s critical to maintaining financial health while delivering high-quality patient care. But how do you know if your staffing levels are truly optimized?
The answer: a customized productivity benchmark.
By answering four brief questions, our experts will be able to measure your hospital and health system’s labor strategies against industry standards. You’ll receive a customized Labor Productivity Viewpoint report that shares key insights, including:
- A five-year labor spend analysis.
- A potential savings analysis related to your labor compensation ratio.
- A clinical overview of key operating stats such as bed utilization and average length of stay.
- Recommendations for productivity and overtime benchmarks.
Take the first step toward maximizing value in your labor operations by checking out our questionnaire today.
