Productivity and workforce optimization engagements most often start off with the best of intentions. However, there are common missteps that can lead to undesirable results or negative outcomes. In the latest episode of ALTIUS Answers, CEO Stephanie Dorwart and COO RandiLynn Lukac discuss eight key elements to successful performance improvement! When messaged correctly and managed effectively, productivity engagements can create a positive culture of change focused on accountability and process improvement with a big impact.
Managing labor has become a delicate balancing act between providing the right level of staff and keeping expenses down. Implementing a meaningful staffing model while maintaining the unique values, beliefs, and overall culture of the organization should be a hospital's primary focus to ensure sustainability. Productivity, however, is a concept that is not fully understood within the healthcare industry.
According to a recent article, the turnover rate in the healthcare industry has increased by 5%, across all job categories, over the last decade, with the average hospital turning over 85.2% of its workforce since 2013 (1). These stats are staggering, considering how time-consuming and costly recruitment efforts can be, especially given the ever-shrinking candidate pool that currently exists.
As the world prepares to bid 2019 farewell and embrace the next decade with the start of 2020, people everywhere are spending their time making New Year’s resolutions as they celebrate the holidays and wait for the ball to drop from Time’s Square. Sadly, as we all know too well, those self-promises and good intentions only tend to last weeks, days or even hours before they are abandoned or forgotten. The problem, or loophole that lets so many people off the proverbial hook, lies in how a resolution is actually defined.
It’s a condition of information over-load fueled by the strong desire for more knowledge and more data, which is easily satisfied by the touch of a button or the swipe of a finger thanks to today’s technology. Healthcare leaders require greater amounts of evidence to drive their decision-making processes. While it is essential to thoroughly evaluate operations and draw informed conclusions, is this enhanced analytical mindset and strong reliance on data becoming more detrimental than beneficial? Here are three quick tips to make sure that you are not becoming afflicted: First, it is important to make sure you are mining the right data! With access to so much, it is easy to get bogged down and confused by all of the material available.
What does it mean to manage productivity? In the third and final installment of our video series on productivity, ALTIUS CEO Stephanie Dorwart discusses the key steps to implementing a successful productivity system and establishing a culture of accountability within an organization. Benchmarking a facility and comparing its performance to that of like hospitals or health systems is the first phase. The next component is using the information gathered to identify opportunities for improvement and establish realistic goals for change.
Why manage productivity? In the second segment of our video series spotlight on productivity, ALTIUS CEO Stephanie Dorwart explores the motivating factors behind controlling costs and establishing appropriate staffing levels through performance improvement strategies. Reinvestment back into the organization and its employees along with better service to the community are detailed among the top priorities. Watch now and let ALTIUS help elevate the application of productivity management in your hospital or health system! .
We are all familiar with Black Friday and the Mad Hatter, but what about the less popular Black Hatters? Unfortunately, the term "Black Hatter" does not refer to discounted shopping or a whimsical fairy tale character like the others. It carries with it a more negative connotation. Black Hatters are the "change agents," interim executives and outside resources, brought into failing organizations to make quick and dramatic vicissitudes.
The holidays are a time for indulging and even being a bit gluttonous. For many healthcare organizations, the season also marks the start of the fiscal year-end. While it is difficult not to be pre-occupied with the party-planning, dinner menus, present-buying, and the other personal distractions that come with this time of year, hospital leaders need to be diligent and focused on ensuring that their organizations are poised to successfully meet the demands of 2020! The most significant part of this preparation is a well-planned budget.