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Managing Employee Spend in Healthcare

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HEALTHCARE'S UNIQUE CHALLENGE: MANAGING EMPLOYEE SPEND HEALTHCARE FACILITIES NATIONWIDE FACE INCREASING PRESSURE TO REDUCE COSTS ACROSS THEIR ORGANIZATION. PROVIDING PATIENT CARE IS THE TOP PRIORITY. For that reason, healthcare execu ves take advantage of cost savings opportuni es within administra ve spend to reinvest in cri cal business areas. These reinvestment efforts enable them to provide be er quality care. Unfortunately, healthcare budge ng is far more complex than the spend of companies in any other industry. This is due to the wide scope of services the industry provides. Given its complexity, managing spend becomes par cularly tricky for hospitals and healthcare systems. To further complicate ma ers, healthcare has started to move outside the four walls of the hospital. Technology makes connec ng with every employee – including remote and mobile workers – easier. This means more physicians are able to drive to pa ents' homes or other satellite facili es to provide home health, hospice or rehabilita on services. The mileage these physicians and other traveling healthcare workers rack up represent another line item that must be accounted for in a hospital's budget. As a result, healthcare organiza ons face the challenge of accurately reimbursing the high reported mileage from numerous employees. To put this scale in perspec ve, a billion-dollar healthcare system will typically report four to five mes more personal mileage than a billion-dollar Fortune 500 company. billion-dollar Fortune-500 company MILEAGE REPORTING: BILLION-DOLLAR HEALTHCARE SYSTEM VS. BILLION-DOLLAR FORTUNE 500 COMPANY billion-dollar healthcare system 4-5 X MORE MILEAGE REPORTING

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