Departmental Productivity
All productivity systems require creating targets – and HMC’s system recognizes that target setters use “labor substitutes” and out-sourcing in their cost structures.
To provide accuracy in your hospital benchmarking efforts, HMC’s Departmental Cost Review offers the following capabilities:
- Provides context for productivity initiatives by establishing targets for productivity, non-labor, agency usage, supplies, corporate costs, and skill-mix.
- Establishes productivity targets which consider your level of in-sourcing and out-sourcing for any given function or department.
- Quantifies the impact of compensation differences due to skill mix, tenure, or other pay rate factors besides regional wage adjustments, and isolates agency usage from productivity issues.
- Provides an ongoing detailed dashboard to track each department facing productivity challenges. It also pinpoints data around non-productive time and overtime issues, enabling comparison with best performer data.
Productivity: Staffing Cascade