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Category: Finance

The Fear of Productivity?

Any healthcare consultant that focuses on productivity will tell you the unfortunate look received when sharing that your job is to improve performance.

Best Practices for Off-Shift ED Staffing

According to a recent study, the typical Emergency Department processes 64% of their daily volume from 10:00 a.m. to 10:00 p.m. Of course, there are always the “what-ifs” in emergency medicine that the department needs to be appropriately prepared for, but the reality is that ED volume has predictability that can be used to guide…
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How do you know how many FTEs you need?

With personnel expense making up more than half of the total operating expense of most hospitals and health systems, understanding how many FTEs your organization actually needs to run efficiently is a priority. A Full-Time Equivalent, or FTE, is the sum of all worked or paid hours divided by the total hours in a pay…
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Beyond the Budget

Successful budgets should not just exist in a galaxy far, far away or once upon a time! Budget numbers are only meaningful if they can be achieved and maintained. As organizations draft and finalize the budgets for the 2019 fiscal year, it is important that the focus not just be on fixed, annual numbers, but on flexible, volume-based staffing goals as well. This will ensure alignment with performance improvement strategies and real-time control over labor costs.

Drive Beyond Mediocrity

Mediocrity is never a goal. No one ever aspires to be ordinary nor does any business strive to be average. Yet it is often the case as it becomes harder and harder to stand out and separate oneself from the ever-growing pack. In healthcare, there are certain standards that must be met in order to…
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