OperationsAdvisor™ – Hospital Labor Productivity and Supply Utilization
Premier's OperationsAdvisor (OA), an essential component to the LaborConnect™ program, offers productivity monitoring, assessment, and comparative data so hospitals can:
- confidently compare operational performance against peers and national benchmarks
- identify attainable performance improvement opportunities
- achieve a rapid return on investment
OA is the only labor management solution that fully integrates a productivity measurement system with quarterly and annual benchmarking, along with comparative data analysis.
This unique combination of features and services ties improvement efforts to the budgeting process to achieve superior bottom-line results.
Productivity Monitoring
- Routinely monitor employee productivity and performance
- Track the utilization of labor costs
- Align labor decisions with strategic objectives
The application has the ability to integrate quality measures, enabling all labor management decisions to include quality as a component. Features such as integrated Watch Lists and Action Planning foster a culture of accountability within individual facilities and integrated health systems.
Benchmarking
With OA, compare performance to benchmarks and peer facility performance, as well as understand and adopt best practices used by peer hospital organizations. Use annual and quarterly benchmarking data to create effective labor standards, validate budget decisions, and prioritize process improvement projects.
SupplyFocus™
Analyze supply cost opportunities at the facility level and for eight key departments with executive-level reports. Tap into the largest comparative supply cost database in the industry, with more than 700 quarterly submitters.
Realize the value of OA to:
- Benchmark hospital performance at the corporate, facility, and department cost-center levels
- Tie hospital labor productivity to cost and budgets
- Link hospital quality indicators to productivity through automated data collection
- Integrate outcome measures for hospital labor management decisions that include quality as a component
- Access a database of more than 700 quarterly submitters to analyze cost opportunities at the facility level and for eight key departments
- Align labor decisions with strategic objectives
- Prioritize hospital improvement projects
- Forecast impact of new services
- Identify and quantify savings opportunities
- Conduct operational and workforce reviews
- Access a comprehensive training curriculum that focuses on data use for process improvement
- Learn from Premier's 40 years of leadership in labor management through participation in the Performance Improvement Portal
For more information, call 800.805.4608 or e-mail advisor_support@premierinc.com.