How Data Analytics Reduces Nurse Leakage, Improves Care
3:00pm - 4:00pmWednesday, March 7
Las Vegas - Venetian Convention Center
As hospitals continue to face shrinking margins, they must find ways to either increase revenue or decrease losses. Since labor is the largest single cost in almost any hospital’s budget, reducing needless expenses in this area can help shore up the bottom line without affecting the quality of care – or hurting staff morale. This session will describe how Mercy Hospital used advanced analytics to save $4.3 million in one year by reducing nursing full time equivalent leakage. It will show how Mercy was able to use the analytics to gain visibility into departmental gaps prior to schedules being posted, and then reassign internal staff (where available) rather than automatically bringing in outside resources from a nursing agency. It will also detail the technical challenges involved in bringing data from a SaaS application into Mercy’s data warehouse and the human challenges involved with change management.