Cutting Labor Costs: 4 Key Metrics for Optimal Staffing

VIew on demand

Presenters: Dr. Karlene Kerfoot, PhD, RN, NEA-BC, FAAN; Gina Gerhart,Client Outcomes Executive; Patricia Baran, Commercial Leader

 

 

An improved staffing model helps to reduce labor expenses and improve quality, impacting your hospital reimbursement dollars through better patient outcomes.

Learn about 4 key workforce metrics, how to measure them, and how to use the data to help your organization optimize staffing decisions - resulting in improved financial, clinical and operational outcomes:

  • Productivity: Monitor productivity real-time
  • Overtime: Avoid overtime before it occurs and control incidental overtime
  • Staff Utilization: Manage premium labor costs and staffing resources across the organization
  • Needs-based Staffing: Achieve optimal staffing levels intra-shift, using real-time acuity data and predictive analytics of ADT

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Practical Steps to Apply Acuity-based Staffing: What Nurse Leaders Need to Know

VIew on demand

Presenters: John Welton, PhD, RN, FAAN, Professor, Senior Scientist for Health Systems Research, College of Nursing, University of Colorado; Jack Needleman, PhD, FAAN, Fred W. and Pamela K. Wasserman Professor Chair, Department of Health Policy and Management, UCLA Fielding School of Public Health; Sylvain (Syl) Trepanier, DNP, RN, CENP, Vice President & System Chief Nursing Officer, Premier Health; Karlene Kerfoot, PhD, RN, NEA-BC, FAAN, Chief Nursing Officer, GE Healthcare

During this one-hour presentation, nationally known speakers give nurse leaders tips and practical strategies for implementing acuity-based staffing. You’ll leave with an idea of next steps for pursuing the benefits of acuity-based staffing at your organization.

Key learning points:

  • Review of key research results
  • How to build the business case for your organization to take the next step
  • Case study of a successful implementation, presented by GE Healthcare client Premier Health

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Disrupting Healthcare’s Legacy Approach to Staffing: How collaborative methodologies can lead to improved outcomes and a healthier bottom line

Thursday, March 24, 2016

Innovative leaders in industries outside healthcare have been reaping the rewards of revolutionary new approaches to staffing and scheduling—and it’s past time for healthcare organizations to follow suit. Healthcare reform has forced this industry to reinvent in myriad ways, and now it’s more important than ever to apply new approaches to staff scheduling for bigger returns on patient satisfaction, staff engagement, and the bottom line.

Fortunately, there is a way for healthcare to leverage modern innovations to improve the efficacy, productivity, and cost-effectiveness of staff management: a model we call Collaborative Staffing. Sage Growth Partners will share findings from their recent analysis, which details the power of this new staffing paradigm and how it benefits hospitals, healthcare staff, and, ultimately, patients.

Hear nursing executives from Roper St. Francis share the real-world benefits of Collaborative Staffing, and learn the research behind how this innovative methodology allows you to optimize financial and clinical performance as measured by the following KPIs:

  • Reducing overtime costs
  • Minimizing contingent labor use
  • Heightening utilization of internal staff (core and flex)
  • Enhancing system-wide optimization and resource sharing

Key Learning Points:

  • Hear how Collaborative Staffing helps Roper Saint Francis optimize human capital and minimize labor spend by empowering and engaging staff
  • See how cooperative open shift management controls costs, reduces turnover, and increases engagement to foster a safe, high quality, patient-centered environment.
  • Understand the unintended consequences of conventional staffing methods on medical errors, staff turnover, labor costs, patient outcomes, and more
  • Learn the best-practice, evidence-based methodology that more effectively aligns supply (staff) with demand (patient coverage) in a way that optimizes both staff preferences and organizational needs

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Are You Using Staffing Evidence to Improve Patient Outcomes?

November 10, 2015

Lisa LaBau
Molly Gamble
Krista Baty

Presenters: Lisa LaBau, General Manager, API Healthcare; Molly Gamble, Editor in Chief, Becker's Hospital Review; Krista Baty, Chief Nursing Officer, Cedar Park Regional Medical Center

Description:

Hospitals and health systems have always worked for peak patient satisfaction and clinical outcomes. Now reimbursement increasingly tied to quality of care underscores the urgency and importance of the patient experience. In this webinar, we examine the overwhelming connection between staffing variables and the patient experience — a relationship backed by evidence from industry studies and healthcare executive survey results. The presenters will share leading practices to improve quality of care through staffing strategies enabled by workforce technology.

Learning Points:

  • How staffing variables impact quality of care
  • Recent healthcare survey results: workforce impact on patient experience
  • Aligning strategic quality of care goals with staffing practices
  • Best practices for enabling workforce management through technology

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How Overtime may be Harming Your Business and Your Patients

March 25th, 2015

Presenter: Patrick Ball, Sage Growth Partners

Sage Growth Partners (SPG), a health care strategy, technology and marketing firm, provides insight, advice and multi-disciplined execution to growth-minded health care organizations nationally, including hospitals, health systems, physicians groups, insurers, trade associations and academic institutions. With deep roots in the business of health care, SGP delivers results to difficult industry and organizational challenges.

Description:

While unmanaged overtime can cost an organization millions of dollars each year, the impact of overtime extends far beyond finances.

This webinar will explain the compound effect of too much overtime and show how controlling overtime provides a dominant strategy for creating safer, financially sustainable hospitals.

Join this webinar to learn the quantified impact of overtime on:

  • Bottom-line costs
  • Nurse safety
  • Patient satisfaction
  • Medical errors

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Innovation Through Efficiency: Healthcare Operations

September 25, 2014

Jeff Terry, Managing Principal, GE Healthcare Partners

What’s changing in healthcare operations? What if our tools didn’t just make us more operationally efficient, but also freed our minds and time for innovation?

Learn how GE Healthcare has worked with clients in the US, Canada, and abroad to harness the power of data analytics and drive efficiencies that will define healthcare operations of the future. This webinar will examine how operational strategies around patient flow, workforce optimization, and asset management are beginning to impact healthcare delivery in the same way that GPS impacted navigation.

Jeff Terry will share how successful health systems are using operational analytics to empower faster, easier and better decision-making. He will also discuss best practices for making those analytics accessible and actionable.

Presenter’s Bio

In addition to client relationships, Jeff leads GEHC Partners’ Predictive Analytics Practice and is building GEHC Partners’ presence in Latin America. Notable achievements from Jeff’s previous leadership roles at GE include developing GEHC’s “service model optimization” framework for clinical asset management; building long-term service relationships between GEHC and leading providers; and expanding GEHC’s US consulting capability to include patient flow and patient safety. Jeff earned a BE in electrical engineering from Vanderbilt and an MBA from Marquette. Jeff is a Fellow of the American College of Healthcare Executives.

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Top ACA Questions to Ask Yourself

July 29, 2014

Tamara Killion, Principal at Groom Law Group

The Affordable Care Act (ACA) means big changes in healthcare, not just as a provider but as an employer as well. With the evolving landscape, it can be difficult to keep up with the changes in legislation to ensure compliance. Join us as Tamara Killion, Principal at Groom Law Group, shares the top questions you should ask yourself to prepare for ACA compliance.

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Controlling labor costs: Anderson Regional’s proven strategy for success

May 13, 2014

Matt Edwards - Chief Nursing Officer, Steven Brown - Controller, and Pam Swearingen - Productivity Business Analyst

By focusing on automating staffing/scheduling and improving workforce productivity to control labor costs, Anderson Regional Medical Center realized $2.5 million in savings over an 8-month period as compared to the prior year. Join us as the CNO, Controller and Productivity Business Analyst share their step-by-step strategy for achieving operational excellence by leveraging their Healthcare Workforce Information Exchange (HwIE) to harness actionable workforce data and realize significant productivity improvements. The team will share lessons learned and best practices to help your organization streamline workforce operations for successful outcomes.

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Strategic Staffing - an Enterprise-wide Opportunity

March 5, 2014

Jennifer S. Mensik, PhD, RN, NEA-BC, FACHE

As the healthcare industry shifts to accountable care, hospital decision-makers will need to meet patient care requirements in the most cost-effective way possible. Staffing strategies are one key area that can improve overall operational efficiency through cost control and increased quality of care. However, to thrive in this environment, staffing best practices cannot be based on outdated benchmarks and methodologies. Instead, staffing decisions need to go beyond task-based metrics to improve care coordination and address patient needs across the entire continuum of care.

Join author and staffing expert, Jennifer Mensik, as she discusses the impact of the workforce on patient outcomes and the bottom line. Learn more about best practices for new staffing strategies and benchmarks that drive success in today’s value-based reimbursement environment.

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