The importance of mitigating overtime hospital employee attendance
According to Mark Bogen, vice president of finance at Oceanside, New York-based South Nassau Communities Hospital, monitoring overtime pay can help hospitals cut costs, Becker's Hospital Review reports.
Bogen notes that at his hospital, payroll comprises more than 50 percent of the total operating budget - $180 million per year. Additional employee attendance payouts of one tenth of one percent would equal $180,000. This underscores the importance of tight time and attendance controls.
"What you find in most hospitals is that it's easier to staff up when volume goes up than it is to staff down when volume goes down," Bogen told the news source. "Staffing is certainly an area that needs to be managed, especially in light of the fact most hospitals today have static or reduced inpatient admissions."
Overscheduling can result in a surplus of employees working overtime, which is bad for the healthcare facility's bottom line.
Failure to monitor overtime rates is thought to have contributed to nurses overtaking police officers and firefighters as San Francisco's highest paid city workers, according to the San Francisco Chronicle.
Bogen notes that at his hospital, payroll comprises more than 50 percent of the total operating budget - $180 million per year. Additional employee attendance payouts of one tenth of one percent would equal $180,000. This underscores the importance of tight time and attendance controls.
"What you find in most hospitals is that it's easier to staff up when volume goes up than it is to staff down when volume goes down," Bogen told the news source. "Staffing is certainly an area that needs to be managed, especially in light of the fact most hospitals today have static or reduced inpatient admissions."
Overscheduling can result in a surplus of employees working overtime, which is bad for the healthcare facility's bottom line.
Failure to monitor overtime rates is thought to have contributed to nurses overtaking police officers and firefighters as San Francisco's highest paid city workers, according to the San Francisco Chronicle.
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