HRO Today September 2016 - 55

HRO Today Research
HR in
the OR
A new study takes a closer look at how staffi ng impacts profi tability in
hospitals.
By The Editors
Earlier this year, HRO Today produced a report sponsored
by Clinical Magnet called HR in the ER. The study explored
the link between human resources and business outcomes
in hospitals and health systems.
As a follow up, Clinical Magnet once again partnered HRO
Today to take a closer look at staffi ng this time around.
The research focused on staffi ng levels-one of the biggest
costs of any medical center-to determine what profi table
hospitals do differently compared to those struggling
to maintain profi tability. The results from study outline
specifi c steps for success in achieving profi tablity, and it
should be noted that these steps are actually different for
non-profi t hospitals and for-profi t hospitals
The full results of HR in the OR will be available in October,
but here are some highlights:
Anyone working in a hospital or medical center should
ask themselves this: Is staying profi table important to
the hospital/medical center? Study fi ndings consistently
illustrate that those who focus on profi tability in addition
to patient care have different priorities than those who do
not. Those with a profi tability focus tend to:
* Have a commitment to increasing revenue through
higher occupancy rate and focus on revenue as much
as cost reduction.
* Are actively looking to increase staffi ng as part of
organization objectives.
* Agree that larger staffi ng budget leads to higher
occupancy rate.
* Consider revenue generation as important as reducing
costs.
* Maintain staffi ng levels approaching 90 percent, which
leads to greater success in patient care, maximized
revenue potential and cost reduction, and meeting
mandates and government requirements.
Study participants were asked if increasing the bed
occupancy rate increases revenue for the hospital. Those
respondents from hospitals with a profi tability focus
agreed that a higher occupancy rate increased revenue,
signifi cantly more often than those without a profi tability
focus (87.9 percent versus 60.7 percent). The conclusion is
that hospitals who focus on maintaining profi tability look
to increase occupancy rate as part of their objectives.
Many of the best practices on managing hospital
operations center around cost reduction and pay very little
attention to revenue generation. To see if cost reduction
is a primary focus for hospitals, respondents were asked if
reducing costs was as important as increasing revenue for
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HRO Today September 2016

Table of Contents for the Digital Edition of HRO Today September 2016

HRO Today September 2016 - 1
HRO Today September 2016 - 2
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