Data-Driven Labor Management Delivers Financial and Operational Improvements
Data-Driven Labor Management Delivers Financial and Operational Improvements
9 PagesCopyright © 201 9 Health Catalyst 1 Data-Driven Labor Management Delivers Financial and Operational Improvements Success Story EXECUTIVE SUMMARY Managing and retaining a talented workforce represents approximately 60 percent of hospital costs. In a rapidly evolving healthcare environment, hospitals and health systems are under tremendous pressure to improve efficiency and reduce healthcare costs, making it critical to accurately monitor and adjust labor resources. In an effort to improve staffing efficiency, Hawai‘i Pacific Health (HPH) sought to realign its staffing practices to better manage and predict its labor needs. Although the health system had a culture of flexing staffing to fit volume, it based staffing decisions on latent, retrospective data, resulting in less accurat
