Hospital Cost Reduction Depends On Productivity Management
Because labor costs are the largest operating expense for hospitals, managing staffing is a critical day-to-day process. Unfortunately, rural and community hospitals often lack the tools to monitor workload and measure productivity. As a result, labor expenses become a larger proportion of operating revenue and a key target for hospital cost reduction.
The goal of productivity management is to make staffing appropriate and effective for high quality patient care. The good news: CHC Consulting’s Productivity Management services are customized specifically for rural and community hospitals to achieve this...