Improving nurse well-being also ended up improving finances at Cone Health.
Cone Health adopted a nurse well-being program that ultimately saved the health system $4 million in costs in just one fiscal year. From training, to recruitment, to new tools, labor costs are one of CFOs’ top concerns as margin pressures persist.
In this episode of HL Shorts Cone Health CFO Andy Barrow discusses how burnout and turnover impact the nursing workforce, as well as how it affects the financial well-being of the health system.
See what Barrow had to say about this initiative at Cone Health.
Marie DeFreitas is the CFO editor for HealthLeaders.