As labor costs continue to rise, CFOs need to examine new strategies for recruiting and retention.
Many finance leaders are currently preoccupied with labor costs. Coupled with high inflation and an uncertain economy as a new administration ramps up, CFOs are looking for any way they can to lower the cost of labor while maintaining quality care, as well as employee satisfaction.
In the latest edition of HealthLeaders' The Winning Edge webinar series, a panel of finance leaders discussed best practices for lowering labor costs for health systems.
Check out these strategies for dealing with labor costs and how health systems can boost recruitment and retention.
Want more info? Check out the accompanying article for a deep dive.
Marie DeFreitas is the CFO editor for HealthLeaders.