Calculate Your Organization's Labor Waste Costs

Share |

Key indicators of labor waste are targeted within the Recapture Calculator to create an opportunity estimate of your organization's cost improvements based on care and work processes; resource design, allocation, and productivity; and management of the continuum of care.

 

 

 

 

Hospital Labor Waste Recapture Calculator

Answer all the questions listed below to have your estimate automatically calculated.

Annual Net Inpatient Revenue (i.e., $150,000,000)
Annual Inpatient Salary & Benefits (i.e., $76,500,000)
Current LOS (i.e., 4.9)
Best LOS (lowest LOS achieved 3 times in last 3 yrs) (i.e., 4.7)
Annual Contract Labor & Agency Spending (i.e., $1,000,000)
Annual Overtime Spending (i.e., $2,000,000)
  Yes No
Are staff REQUIRED to swipe in at a "home" time clock per department?
Do managers ever have to both call and cancel staff in the same week?
Do census driven departments have enough part-time staff to flex when volumes drop?
Do patients ever wait for more than a day for placement to another facility?
Do ancillary departments prioritize "non-emergent" workload by the target discharge date of patients?
Do nurses spend time each shift "shopping" for needed/hidden equipment?
Are all nursing forms automated with "pre-populated" patient data?
Do support departments flex when census drops (HR, Finance, IT, etc.)?
Are productivity measures based on a midnight census?
Are you tracking productivity by cost per productive hour of labor?

Information entered into the calculator is considered confidential and private, it is only used to compile your tailored estimate. This information will not be shown for public viewing on the website and will not update or change any of the PayIQ reports.

 

Powered by Workforce Prescriptions: www.workforcerx.org