Labor costs account for as much as 60% of health providers’ expenses. Wrestling with unnecessary overtime and premium pay, lack of budgeting and planning, and misplaced skill sets all increase labor costs. As patient volumes and payment models change, and your organization acquires physician practices, you need reliable data to make important staffing decisions.
Are you having trouble with the following?
- Staffing to volume
- Managing labor costs in various departments
- Unprofitable ambulatory practices
- Overpaying for overtime and premium pay clinicians
- Not knowing how you compare to other organizations
You need a labor management tool that helps you analyze productivity and benchmarking data to compare costs, find opportunities for labor savings and tie employee productivity to budgets. Don’t know where to start to begin tackling your labor costs?
Premier can help
OperationsAdvisor is our suite of labor management apps that combine productivity measurement with benchmarking, so you can:
- Compare operational performance against peers and national benchmarks
- Identify attainable performance improvement opportunities
- Reduce labor costs
- Achieve a rapid return on investment
And we provide benchmarking and productivity analysis for all sites of care. So whether you’re an acute care, long-term care, outpatient, ambulatory, physician practice or home health organization, we can help you enhance productivity and reduce labor costs.
Facilities across the continuum of care, submit corporate-, facility- and department-level data to OperationsAdvisor daily, biweekly, monthly and quarterly, so you’ll be able to benchmark against peers.
Our data collection process is completely automated, with real-time, interactive data auditing tools, making it easy to submit your labor and supply cost data. And OperationsAdvisor comes with an OperationsAdvisor consultant to help you with implementation and troubleshooting.
Better budgeting and planning is now easier when productivity is being measured and reviewed via this easy-to-use labor management tool. You can equip managers with the tools and data they need to plan and budget more efficiently and get a comprehensive view of departments across your system.
With a proven 14:1 ROI when combined with our consulting services, managing your labor force has never been easier.
Plus, you’ll be able to access OperationsAdvisor through PremierConnect®, our state-of-the-art member platform that brings all your Premier apps together in one place, giving you easy access to the shared knowledge of the alliance, and allowing you to collaborate online with other members.
St. Mary’s Health Center saved $14.8 million with help from OperationsAdvisor app benchmarks.