You may also like
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.
HR professionals need to understand how healthcare productivity is determined and managed. No other subject will provide a bigger payoff for the organization and the department!
2023 healthcare recognition dates including employee and medical awareness dates. Everything you need to know!
HR should “own” productivity management and reporting yet it rarely resides there. Who in your organization has more expertise in the effective utilization of human resources?
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.