Labor Benchmarking and Opportunity Assessment

Understanding your organization’s performance and how it compares to other hospitals can help set practical, achievable targets for performance improvement initiatives.

However, properly identifying opportunities can be a complex process that drains time and resources—and requires substantial insight into how to properly use available databases; select appropriate peer groups; and make sensible, customized adjustments to results that reflect your institution’s unique characteristics.

Build a strong foundation for launching improvement initiatives with a labor benchmarking and opportunity assessment.

Improvement Opportunities and Risks

A benchmarking assessment can provide opportunities to:

  • Focus leadership around necessary improvements
  • Meet budget projections

Benchmarking can also help inform and develop strategic recovery plans as your organization works to move forward from the impacts of COVID-19.

Overlooking these key insights without an assessment can bring added risks including:

  • Failing to act promptly
  • Setting unachievable targets
  • Undermining performance improvement initiatives

Confidently Navigate Your Options

Annual benchmark results can help spark crucial dialogue among your leadership team that help inform your next steps and monitor progress.

Determine if significant labor opportunities exist for your organization and if an improvement initiative is the right decision with guidance from our professionals.

Request a Complimentary Analysis Report

Discover what benchmarking opportunities exist for your hospital by filling out our complimentary analysis request form.

A Moss Adams professional will contact you with your preliminary report.

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