Ambulatory surgery centers (ASCs) must be able to operate at maximum efficiency as the industry continues to mature.
Nosediving reimbursements and increasing competition for patient volume have taken a toll on revenue, and centers that want to stay ahead of the game have responded by finding ways to save money. However, most centers are missing one of the top three largest line items, along with building rent and medical supplies, that can keep costs in line. That item is human resources (HR).
To remedy this, MedHQ has worked with over 70 healthcare facility partners to find additional savings that also deliver the benefits of improving employee satisfaction and reducing risk. Through the process, MedHQ gleaned a host of key findings that guided the creation of the MedHQ 10-Point HR Audit (10-Point HR Audit). The 10-Point HR Audit identifies inefficiencies that, when addressed, can result in six-figure savings for a healthcare facility.
In one example of our 10-Point HR Audit, we assess employee paid time off (PTO). Surgery centers can save money by utilizing process automation ideas such as outsourcing PTO administration, and employee self-service (ESS).
ASCs can save in two ways:
- A center with three managers can save 100-200 hours per year when those employees are relieved from administrating programs such as PTO, onboarding, offboarding and Occupational Safe and Health Administration (OSHA) reporting.
- If these employees earn on average $50 an hour (including taxes and benefits), the savings is $5,000 – $10,000 annually.
“Properly administering PTO in a non-automated environment is incredibly time-consuming for ASC managers who are starving for more time to negotiate better contracts, recruit new physicians or implement a new service line at the center,” said Tom Jacobs, MedHQ CEO. “Managers need to spend time on strategic work rather than administrative tasks.”
Want to learn more ways to save? Click here to download the MedHQ white paper, “10 Ways Surgery Centers are Wasting Money in Human Resources.”
About the MedHQ 10-Point HR Audit
It takes approximately one hour or two hours for back office staff to gather the information necessary for the 10-Point HR audit. Typical savings = six figures. Request your risk-free 10-Point HR Audit today. If MedHQ fails to identify $25,000 in savings, the audit is free.