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API Healthcare Finds Healthcare Organizations Leveraging Workforce Optimization Solution to Attain Sustainability
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API Healthcare Finds Healthcare Organizations Leveraging Workforce Optimization Solution to Attain Sustainability

 
July 19, 2013

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By Madhubanti Rudra, TMCnet Contributor
 

Keen on cutting costs without affecting the quality of care, hospitals and other healthcare facilities across the U.S. are increasingly implementing workforce management systems. The investment in the right workforce management system can be the key to long-term sustainability in a fast-evolving and more regulated marketplace characterized by the presence of Affordable Care Act. In addition, the workforce management solutions let you experience immediate and positive ROI.


A recent API Healthcare–sponsored report reiterates this trend. The chief architect of Healthcare Workforce Information Exchange (HwIE), API has recently come up with the findings of the independent hospital and health system research. Conducted by Kelton Research, the research revealed that workforce management solutions are enabling the healthcare executives to effectively target their organizational priorities through the implementation of workforce management.

The healthcare organizations’ highest expenditure are related to labor costs, which make up for 60 percent of their operating budgets. With organizations striving to offer better patient care while controlling the healthcare costs, workforce management strategy is becoming increasingly more important for meeting these dual goals.

According to industry experts, there are certain areas in the healthcare business that have been deeply impacted by the labor management. The research revealed hospital and health system executives are leveraging the workforce management solutions to give prioritized focus on areas deeply impacted by labor management. The investment has enabled these organizations to achieve regulatory compliance, organizational consolidation, healthcare delivery measurement, and above all improved staff retention.

“Overwhelmingly, healthcare CEOs and other executives are seeing immediate impacts by the Affordable Care Act and the current regulatory climate. These factors are flourishing into significant variables that touch every aspect of the healthcare business, The results from the research confirm what API Healthcare has known for some time. The strategic development and deployment of the workforce is the key to achieving long-term sustainability in a continually evolving marketplace, and implementation of technology provides an immediate positive return on the investment,” said J.P. Fingado, president and chief executive officer, API Healthcare

API Healthcare’s President and Chief Executive Officer, J.P. Fingado, was recently named a finalist in the Ernst & Young Entrepreneur Of The Year 2013 program in the Midwest. Fingado was recognized for his demonstration of excellence and extraordinary success in such areas as innovation, financial performance and personal commitment to their businesses and communities.




Edited by Rachel Ramsey

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