Managing Labor Costs
It’s estimated that labor costs made up 60 percent of healthcare facility budgets in 2013. With 32 million people newly insured under the Affordable Care Act, healthcare facilities continue to face escalating labor expenses—and a larger aging population suggests long-term healthcare organizations could be hit hardest. This paper examines four key healthcare labor trends facing long-term healthcare, cost-effective technology solutions for controlling labor costs, and key features to help effectively manage labor budgets.
