A recent American Health Care Association and National Center for Assisted Living (AHCA/NCAL) survey of nearly 1,000 long term care facilities found that 65% are currently operating at a loss. In response to COVID-19, 9 out of 10 facilities brought on additional staff and shelled out a ton of overtime and hazardous duty pay. More than half of those facilities surveyed indicated that this additional staff pay and adding new hires is their greatest expense. Now, more than ever, it’s critical that you have a handle on your workforce so you can anticipate the staffing you’ll need the rest of this year and beyond. In this guide, we outline how you can use the power of data analytics to contain costs, manage your workforce more tightly, and use benchmarking to see how you compare to your competitors.
Ready to learn more? Check out How Long-Term Care Facilities Can Use Analytics to Predict Workforce Needs