HUDSON, Fla., March 6 /PRNewswire/ -- Workforce Prescriptions ("WRX") announced on Friday that it would be expanding its services nationwide in a move targeted to bring relief to thousands of hospitals previously not served.
WRX, a mission driven firm headquartered in Hudson, FL has spent the last 3 years working primarily with faith-based hospitals, assisting them in reducing labor costs without having to resort to reductions in staff or services.
Through the auspices of their "Pay Practice Audit(TM)," Workforce Prescriptions analyzes hospital labor waste derived from a variety of sources such as; agency and premium pay use, challenges in staffing/scheduling, avoidable delays in care/discharge that drive up length-of-stay, workforce productivity and the governance of key workplace policies/processes. WRX then makes specific recommendations designed to reduce expense without reducing people. "Since labor expense represents as much as 50% of all the costs of operating a hospital, becoming more efficient with labor can have nearly a dollar-for-dollar impact on profitability," states John Delaney, Senior Vice-President of Client Services.
"Unique to our firm is an evidence based approach that seeks not just correlation but the 'root causes' of labor waste and then stays in the game with customers through implementation to guarantee a return to the bottom line," says company President Charlie Dawson. He goes on to state, "This is why we offer a $1,000,000.00 annual recapture guarantee. We get to know the people, processes and pressures that foster waste and work with the organization to solve problems in a non-judgmental, results focused manner that returns millions of dollars to the bottom line."
WRX's phone rings steadily with requests for assistance from traditional not-for-profit and for-profit hospitals all of whom are bearing an increased burden from diminishing reimbursements/uncompensated care compounded by rising labor costs. Company leaders reached the decision to make their services available to non faith-based hospitals during a planning meeting held in 2008. "It was just getting too difficult to keep saying NO to all the hospitals that were seeking our help. So we made our expansion plans and automated some key aspects of our services to allow us to help any organization who reached out to us," stated Dean Kristiniak, Vice President of Key Service lines. "It was time our mission expanded to encompass all of healthcare and not just the faith-based segments. With the changes we have made, we are now able to successfully help hundreds rather than dozens of hospitals each year."
Workforce prescriptions charges a nominal fee for their audit, guarantees results and then provides onsite implementation support that includes facilitation, change management and even software (when needed) to drive the results required to reach and sustain profitability. In 2008, WRX identified an average of $6.38M in annual bottom-line returns for each customer (at a cost of less than 1% of the return).
About Workforce Prescriptions
Workforce Prescriptions is an "evidence based" consulting firm headquartered in Hudson, FL that provides assistance to hospitals desiring to: enhance their revenue opportunities, reduce their cost of labor & length of stay or to improve their human capital practices. Workforce Prescriptions focuses primarily in the not-for-profit sector of healthcare in order to "assist those organizations whose own mission requires them to take extraordinary risks in order to ensure access to quality healthcare for the neediest of American's."
Workforce Prescriptions can be contacted at (888) 343-8403 or online at http://www.workforcerx.org
|SOURCE Workforce Prescriptions|
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