Cost-effective Staffing Tool: AMN’s Economic Staffing Forecaster

In today's challenging environment of fluctuating census and limited nursing resources, the ability to accurately forecast staffing needs can have a profound effect on a hospital's financial and clinical operations. Nursing staff surpluses mean excess carrying costs, while staff shortages can result in patient diversion and lost revenue opportunities.

Staffing hospitals with the appropriate number of nurses is critical to maintaining high quality of care, optimizing facility utilization and maximizing net patient revenue. According to a 2006 AMN Healthcare sponsored survey of nurse management, the professionals responsible for staffing decisions often do not have the analytical tools available to anticipate the optimal balance of patient census and staffing. A new class of economic forecasting models may provide those data-driven methods for staffing decision support throuhout a facility.

So how can you create a cost-effective staffing plan that works? Start with AMN Healthcare’s Economic Staffing Forecaster.  This financial impact model is available free of charge through AMN Healthcare. This successful staffing model helps you predict nursing demand and determine the most cost-effective mix of supplemental staff and full-time staff needed to accommodate regular and peak census periods based on your facility’s historical census, financial information and nursing practices.  It also focuses on key metrics such as opportunity costs, a “break-even” point for supplemental staff and the impact of various healthcare staffing solutions.

This powerful tool will help you:

• Forecast nursing demand based on current information and your own historical data.
• Avoid costly overtime and optimize planning for your permanent staff and float pool.
• Predict the right mix of permanent and supplemental staff needed to accommodate demand.
• Quantify the opportunity costs from patient diversions, unused beds, higher attrition rates and other problems caused by nurse staffing shortages.
• Develop a personalized healthcare staffing plan to improve profitability.

Request a Free Staffing Analysis

To request a complimentary, cost-benefit analysis report and discover your most cost-effective staffing solutions, contact AMN Healthcare by filling out a short request form or call us at (866) 871-8519.

You may also download a free case study on how the economic forecaster works to learn more about how it will benefit your staff planning process.