CFO Exchange—Beyond the Close: Developing Effective Labor Benchmarks

In this session, learn how CFO Alan Lovelace and his team took a practical approach to labor benchmarking—starting with industry standards, then refining them based on the realities of their own departments. Rather than applying generic benchmarks across the board, they built a process that reflected actual staffing needs and patient volumes.

You’ll learn how they:

• Established relevant industry benchmarks
• Compared those benchmarks to internal performance data to define what’s realistic
• Evaluated minimal staffing levels and built department-specific grids
• Used those grids to validate workforce planning against actual volumes
• Integrated realistic benchmarks directly into the budgeting process
• You’ll also hear which metrics made the biggest impact—and how to apply them in your organization.

Following the session, there will be time for an interactive discussion where CFOs share what’s working, what’s not, and how to adjust strategies in real time.

Register today!