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.
As the saying goes, “asking for help doesn’t mean that you are weak, it means that you are wise.” Recognizing your organization’s strengths and knowing when an outside perspective is needed to drive greater levels of performance is the forward-thinking attitude that successful healthcare leaders embody. While sourcing the support of a consulting team isn’t always the most “popular” approach, it can be the most effective.
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.
New year, new look! ALTIUS is excited to announce that beginning in January of 2020, we will be launching our completely remodeled online client portal, Catalyst. The site will still contain all of the same great tools and features that our clients are accustomed to, but will be enhanced by several new elements that take performance improvement and productivity management even further. With a modernized look and amenities that keep it cutting edge, Catalyst is ready to move into the next decade.
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! .
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