Increase average nurse retention by over three years
Manage nurse turnover and compliance. Identify and evaluate projects to help align initiatives such as nursing, quality and hospital operations. Given that a number of variables can impact quality of care in a healthcare setting, the ability to integrate this analytical foundation with clinical quality and operational data provides visibility of productivity, efficiency, and utilization effectiveness for better patient experience.
The Value of Talent Management
Integration of HRMS, performance management, hiring and positions, progressive discipline and compliance provides for a comprehensive analytical foundation for talent management.Ability to integrate this analytical foundation with clinical quality and operational data provides visibility to productivity, efficiency, and utilization effectiveness for better patient experience.
Nurses provide a critical component of quality clinical care. While human capital management (HCM) is used to attract and hire potentially excellent employees, effective talent management holds employees accountable to specific goals and encourages continuous improvement and talent development. One oft-cited study suggests organizations with a low turnover rate have a 20-28% better adjusted mortality index, and a 21-24% better severity adjusted length of stay, when compared to healthcare organizations with moderate to high turnover rates (VHA, 2002).