| [September 10, 2014] |
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Kronos Launches Workforce Forecasting Solution for Predictive Scheduling in Healthcare
CHELMSFORD, Mass. --(Business Wire)--
Further empowering healthcare organizations to move to a value-based
care delivery model that focuses on costs, quality, and outcomes, Kronos
Incorporated today announced a forecasting application that predicts
fluctuating demand by leveraging historical volume data by day, week,
month, and shift. Healthcare organizations can use this application to
deliver an accurate workload plan and build the foundation of a
predictive scheduling process.
News Facts
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A new application available within the Kronos (News - Alert) Workforce
Central® suite of workforce management applications for
healthcare organizations, Workforce Forecast Manager™ uses
sophisticated predictive algorithms to generate intelligent labor
forecasts by pulling real-time data from admission, discharge, and
transfer systems, and/or bed tracking systems.
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The predicted census volume that is generated automatically feeds into
the Kronos scheduling application to help ensure that resources are
properly scheduled to meet fluctuating demand, reduce reliance on
overtime, and minimize canceled shifts.
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By leveraging this new application, managers will spend less time
making schedule adjustments and increase their productivity - while
improving employee satisfaction.
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Traditionally, hospitals have scheduled to static, budgeted census,
often resulting in inadequate schedules that require numerous daily
staffing changes.
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At a time when healthcare organizations are focused on delivering
quality outcomes while reducing costs, Workforce Forecast Manager
aides in controlling costs through alignment of labor resources with
predictable fluctuations in workload demand. This new application
improves workforce productivity by accurately anticipating demand and
supporting the proactive labor resource scheduling t meet that demand.
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As labor resources are scheduled with increased accuracy, the solution
enhances a healthcare organization's ability to provide quality care
and improve the safety and satisfaction of patients and staff members.
Supporting Quotes
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Lisa Rowan, research vice president, HR, Talent and Learning
Strategies, IDC (News - Alert)
"The move to a value-driven care delivery
model in healthcare has resulted in organizations increasingly
adopting solutions to gain the intelligence needed to balance fiscal
accountability and improve patient outcomes. Considering that labor is
any healthcare organization's largest controllable expense, a
predictive employee scheduling system with integrated forecasting is
integral in improving the performance of these organizations at this
time of transformation and change."
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Susan M. Reese, MBA, RN, CPHIMS, director, healthcare practice
group, Kronos
"At Kronos, we work closely with our customers
to ensure that we deliver the applications needed to address current
challenges. We're pleased to offer Workforce Forecast Manager for our
healthcare customers, which will incorporate relevant and available
labor data from disparate sources and apply it to forecast and
optimize schedules to drive positive outcomes for employees, managers,
and most importantly, patients."
Supporting Resources
About Kronos Incorporated
Kronos is the global leader in delivering workforce management solutions
in the cloud. Tens of thousands of organizations in more than 100
countries - including more than half of the Fortune 1000® -
use Kronos to control labor costs, minimize compliance risk, and improve
workforce productivity. Learn more about Kronos industry-specific time
and attendance, scheduling, absence management, HR and payroll, hiring,
and labor analytics applications at www.kronos.com.
Kronos: Workforce Innovation That Works™.
© 2014 Kronos Incorporated. Kronos, Workforce Central, and the Kronos
logo are registered trademarks and Workforce Forecast Manager and
Workforce Innovation That Works are trademarks of Kronos Incorporated or
a related company. All other trademarks are property of their respective
owners.
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