You may also like
Team incentive plans can help an organization achieve unexpected results. Here is a 7 step guide to creating a win-win team incentive plan!
A traditional HR department wasn’t going to cut it. To move us to high performance, I would need a new definition of HR!
Healthcare industry is labor-intensive. Productivity gains are critical. 2012 WEF report is revisited to examine its application to HR today.
Is your CHRO viewed as an equal to the CFO? Not likely. 5 strategies to strengthen and increase the power of the CHRO role in any healthcare organization.
One thought on “Financial Literacy: Test your knowledge of Productivity Measurement”
It is obvious, that an institutions financial awareness and responsibility ad to the quality of patient care, while for example, many non profit hospitals,(as an example), waste money by not being astute of all costs in operations. So, quality of care is best addressed with the best knowledge of cost per patient day, care, or modality. Wouldn’t this also make for a more “secure” and stable employer for it’s employees, especially if patient support departments were also operating at peak efficiency and providing great support for physicians.