Hospital and Elderly Care Facility Business Benefits 

NOTE: In some of the metrics below, TransformAI7's benefits will be low percentages and low cost savings. In other metrics, the improvements and savings will be significant. 

TransformAI7 Solution Suite for Healthcare provides additional improvements to core Healthcare Business and Financial Metrics:

1. Up to 25% Increase in Operating Profit Margins - measurably

2. Reduced Premium and Temp/Contract Labor Costs by 10% or more - measurably

3. Increased Revenue Recovery - measurably

4. Increased Productivity - measurably

5. Increased FTEs per AOB

6. Reduced Cost-per-FTE per AOB

7. Increased FTEs-per Unit-of-Service

8. Reduced Cost-per-FTE Unit-of-Service

9. Reduced Risks to Medical Services

Again, we don't expect you to believe us. Try the 60-day No-Cost Pilot Project and see for yourselves. 

The Healthcare Workforce Crisis

For decades, healthcare systems, hospitals and elderly care facilities have continually faced workforce shortages. The severity of this crisis in the mathematics required a new way of calculating Workforce Productivity, Full Time Equivalencies (FTEs) or fractions of an employee workday an year.  Hospitals have been so challenged to find and retain Full Time Employees they had to look at Workforce Productivity in Percentages of 1. 

Every 2-weeks, hospital leaders scramble to schedule parts of an employee. It's even so bad, they have to factor in Overtime for existing employees, pools and temp/contract labor which costs 25% to over 300% in premium wages.

The average Hospital Spends 57% of total budget on labor on Labor Costs. COVID has stretched the limits of this labor shortage. Since COVID, Turnover is at record highs.  Premium labor costs are at record highs as well as base salaries. RNs can pretty much name their price and many are taking jobs as traveling nurses for 3-6 month assignments. They get paid very well!

Previously Hidden and Unmeasurable Root Causes of Costly Hospital Performance

(This is real data from a 295-bed JAHCO award winning hospital). 

1.  The Lost Workforce Productivity (LWFP) and labor Costs from Turnover

2. Why are VBP Scores and Revenue Down? The LWFP and FTEs losses in Medical Operations are 9.6% and 286 FTEs

3. Why is 11% of Billed Revenue not being collected? The LWFP in Revenue Recovery and FTEs losses in Revenue Billing Coders are 15.5% and 23 FTEs

4. The total for all of the hospital departments is LWFP of 11.8% representing 602 Lost FTEs from Turnover of 1,052 employees.

All Turnover is Not Equal

Factoring Workforce Risk Management

Using Award Winning Predictive AI, PegasusAI3 can predict within 70% accuracy when an employee will leave and the weighted reasons. This data shows:

1. For the entire Hospital, 22% of Employees in Critical Positions are predicted to leave within 12-months

2. 23% of Top Performers are predicted to leave

3. In Medical Care 16% of employees in Critical Positions as well as 16% of Top Performers

4. Strategic Projects have little real predicted turnover risks

5. In Revenue Recovery 61% of employees in Critical Positions as well as 75% of Top Performers. This would be a massive hit to Revenue Collection

6. Interestingly, Low Performers have extremely low risk of leaving.

PegasusAI3 Risk Reduction, Productivity Improvements and Cost Reductions