How does the finance department support workforce planning?
In a healthcare landscape as turbulent as today’s, finance leaders are forced to scrutinize every detail of their operations. With labor costs skyrocketing since the pandemic, reducing reliance on contract labor has been a large pain point for finance executives.
While contract labor helped UW Health remain operational during staffing crises, the extended use of high-premium positions has strained financials and tested long-term viability. Now the system is taking a mutli-faceted approach to decreasing its reliance on this type of labor.
In this episode of HL shorts, UWHealth’s vice president of finance Jodilynn Vitello discusses the role her finance department plays in supporting the adoption of forecasting tools and workforce planning.
For a deep dive into UW Health’s labor strategy check out the accompanying article with Vitello’s full interview.
Marie DeFreitas is the CFO editor for HealthLeaders.