As senior level management gauges the performance of the institution prior to the end of a month, limited information is available. Knowing that labor accounts for more than 50% of the expenses and equivalent admissions project a reliable indicator for revenue, we believe in looking at the relationship between the two as an interim forecast at a high level. The Baseline Report© (also known as the FTE and Salary Summary Report) is a management report reflecting the institution’s overall labor performance by combining salaries, FTEs, and equivalent admissions to project performance standards such as cost and FTEs per equivalent admission on a pay period basis. Metrics are also reflected with respect to fiscal year goals. Global Level Assessment.
We understand discussing productivity at this time is a sensitive subject. However, many have reached out to us for guidance through this crisis.
While hospitals in concentrated areas grapple with crisis overflow, many others face substantial volume and revenue declines approaching a 30% impact. Therefore, we are offering a C2 COVID-19 RESPONSE & RECOVERY PLAN for hospitals facing staffing and revenue difficulties during this crisis. Managing your staffing efficiently can…
Right now, we are waiving all commencement fees to provide the Operational RESPONSE & RECOVERY PLAN utilizing OPTIX, our proprietary business intelligence technology. We are offering a responsive and effective mechanism for hospital leadership to optimize their operations during and after the crisis. The R&RP is a detailed analysis by department pre and post COVID-19 crisis.
Please reach out directly to David LeClercq, CEO at firstname.lastname@example.org for a conversation and further details.