Time is money--labor analysis toolkit.

Ststemic workforce shortages combined with increased demand for healthcare services can lead to significant capacity limitations. Organizations can improve profitability through informed strategic and front-line labor management. For example, a typical 300-bed hospital could potentially save $5.3 million annually by moving from the median of labor-cost-per-discharge performers to the top quartile. These cost savings can be reinvested in labor resources--the salaries, benefits, and retention activities essential for long-term success.