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Healthcare

Healthcare

Healthcare providers depend on their employees to deliver their services and the cost of labor constitutes their largest operational cost. The main objective is to deliver outstanding patient care and service while ensuring the most cost-effective use of resources. The healthcare system is burdened by a large number of vacancies and a talented pool of professionals who are not being offered suitable contracts of employment. Once this labor force has been successfully recruited, there is a need for measures to retain these individuals and to provide them with flexibility in their hours of employment. In an environment where patient care is a priority, understaffed periods are typically filled by costly agency staff. Healthcare agency costs can be reduced through a better management of flexible working hours.

With a time and attendance solution like ExtendTimeTM companies can achieve the following:

  1. Save up to 5 percent of costs through reallocation of hours from premium payments and a reduction of hours.
  2. Save on the number of scheduled staff hours by 5 percent.
  3. Reduce the number of overtime hours scheduled by 10 percent.
  4. Save on the number of agency staff used by replacing them with flexible staff.
  5. Improve the morale of the Healthcare agency and reduce labor turnover.
  6. Increase patient care by proper scheduling.
  7. Improve on coverage of known absences such as holidays, sickness, and training with each staff member.
  8. Reduce the number of open job positions by offering more flexible working hours and conditions.
  9. Ensure compliance with labor, health, and safety regulations.
  10. Eliminate wasteful scheduling processes by using pools and prioritized staff listings.
  11. Reduce errors in over-payment and unauthorized absences by enhancing the visibility of attended work hours.
  12. Increase immediate control by line managers by providing central visibility and access to information.
  13. The Accreditation Council for Graduate Medical Education has adopted a new set of rules that restricts the number of hours per week a resident is allowed to work; ExtendTimeTM helps save on staff hours by up to 5 percent and cut the total number of overtime hours scheduled, by 10 percent.