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How Mercy Hospital Network saved $4.3 million with nursing analytics dashboard
Healthcare IT News: As hospitals continue to face shrinking margins, they must find ways to either increase revenue or decrease losses. Since labor is the largest single cost in almost any hospital’s budget, reducing needless expenses in this area can help shore up the bottom line without affecting the quality of care – or hurting staff morale.
St. Louis-based Mercy Hospital Network decided to look at labor costs, specifically in the area of nursing, and did so using a comprehensive suite of analytics.
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