Abstract
The healthcare industry is facing a critical challenge: labor costs have surged by an average of 258% over the last
three years, placing an immense burden on healthcare organizations. Coupled with labor shortages, staff burnout,
and an aging population, labor management has become increasingly important for hospitals and public health
institutions. The ramifications of labor inefficiency are far-reaching, impacting patient care, satisfaction, and
profitability. In this era of data analytics, decisions can no longer be based on retrospective or anecdotal evidence.
Real-time, data-driven insights into staffing and productivity have become essential for healthcare organizations to
develop effective solutions for labor management and planning.
This white paper delves into the pressing issue of labor productivity in healthcare, its current state, and the
anticipated need for improved staffing productivity due to labor shortages and population growth. With this
background, we identify the improved accuracy of labor productivity tools that utilize operational analytics for
more effective workforce utilization, enabling greater employee satisfaction and retention while improving care
margins and revenue.
Download the white paper to read more.