Labor reporting systems aid in controlling costs
Moscove, S.A.
Healthcare Financial Management Journal of the Healthcare Financial Management Association 42(4): 50
1988
ISSN/ISBN: 0735-0732 PMID: 10286384 Document Number: 322314
Financial managers are discovering that one key to economic viability is controlling labor costs. To control these costs, many labor reporting systems are available. These systems are all grouped into four main categories: nonvariable, single indicator, composite indicator, and multiple indicator systems. By evaluating and implementing the labor reporting system that is best for them, hospitals can track key labor indicators to aid in controlling a significant part of total hospital expenditures.