Improved Profitability Gained Through Improved Labor Management

July 8, 2002 Improved Profitability Gained Through Improved Labor ManagementA new report from the Healthcare Financial Management Association (HFMA) concludes the more knowledge a health care organization has about costs and value associated with its workforce, the better able it will be to make decisions to improve profitability, which in turn will lead to increased funds for human resources and retention activities. Examining the financial implications of workforce shortages, Investing in Your Workforce: Overcoming the Financial Impact of Labor Shortages, states that increased profitability through improved labor management will lead to increased funds available for investments in labor resources - the . . .