Optimize labor costs and improve staff productivity.
Labor costs make up the single, most expensive cost driver for healthcare provider organizations. To help you gain control over labor spend and productivity trends, MedeAnalytics Labor Productivity analyzes payroll, census, time and attendance, and budget data. Patterns in metrics like nursing hours per patient day and skilled staffing mix enable you to address costly staffing variances, optimize productivity, and analyze benchmarks-all with the goal of ensuring optimal, cost-effective staffing that meets the needs of your patients.
Analyze labor costs compared to budget and productivity
Identify and quantify opportunities from skill mix, wages, productivity, and overtime, contract, and premium labor
Compare worked and paid FTEs vs budget and flex targets
Align department leaders to organizational strategy with interactive department scorecards
Ensure optimal staffing based on productivity targets and patient volumes
Evaluate nursing hours per patient day and other productivity measures
Ensure appropriate nursing skill levels in the ICU, ED, and other departments
Analyze all labor types including clinicians, maintenance staff, and administration
Reduce overtime and ensure efficient agency usage
Aggregated labor and productivity data enables you to reduce spend while optimizing labor resources.
Metrics like nursing skill mix ratios and hours per unit of service offer insights into ideal productivity and labor spend.
Comparing nursing hours per patient day to patient volumes helps you meet patient needs while making the most of every labor dollar.
Key Performance Indicators
- Nursing hours per patient day
- Overtime hours and spend
- Hours per unit of spend targets and benchmarks
- Departmental productivity index
- Nursing skill mix analysis
- Adjusted flex budget analysis
- Daily census actual vs. target
- Detailed, drill-down data on every employee