HRO Today September 2016 - 56

HRO Today Research
occupancy rate, with only 57.1 percent of those in hospitals
without a profitability focus agreeing-a significant
difference.
their hospital. The findings suggested that profitable
hospitals report both reducing cost and increasing revenues
as two main priorities of nearly equal importance (87.1
percent). On the other hand, hospitals without a profitably
focus are significantly less likely to focus on revenue as they
are on reducing cost (42.9 percent).
The question that remains: What is the optimal level
of staffing to make a hospital the most profitable?
Again, those with a profitability focus indicated a higher
level of staffing needed for optimal profitability than
those without that focus, 87 percent versus 81 percent
respectively.
High occupancy rates are critical to maintaining hospital
profitability. But higher occupancy also means more staff is
required. Study participants were then asked what impact a
larger staffing budget has on their organization's ability to
increase occupancy rates.
Once again, a clear distinction is made between those with
a profitability focus and those without. In fact, 79.1 percent
of those with a profitability focus felt that higher levels
of staffing would increase their ability to achieve higher
Every hospital has objectives beyond profitability. Study
participants were asked how successful they are in
maintaining optimal staffing levels to address a series of
objectives. Interestingly, those with a focus on profitability
were more successful in achieving all the objectives
measured.
Nearly 9 out of 10 of hospitals with a profitably focus
felt they successfully maintained the right staffing levels
to optimize patient care, versus only about 6 out of 10 of
those without a profitably focus.
There was a similar finding for other objectives as well.
Successfully maintaining staffing levels correlated to
success in optimizing revenue potential, cost reduction, and
meeting government requirements.
Please note: The study was conducted in July and August of 2016
among 160 respondents from hospital and medical centers, and
it included responses from both talent acquisition and finance/
accounting managers.
[56]
HRO TODAY MAGAZINE | SEPTEMBER 2016

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
HRO Today September 2016 - 3
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