Keep Your Edge

  • Compensation

Talent Management Pays Off: $3,212 per Medicare Beneficiary

PF Logo
Kerry Fuqua
on February 08, 2016

A recently published PeopleFluent white paper Make the Business Case for Talent Management in Healthcare reports that healthcare organizations with best practices in talent management strategies save an average of $3,212 per Medicare beneficiary over hospitals that don’t.   

Consider how many Medicare beneficiaries your organization serves and what the potential savings is for your organization. 

Those talent management best practices include the following:

  • Performance appraisal processes
  • Talent assessment practices
  • Incentive pay
  • Leadership development
  • Role-based development and selection
  • Onboarding practices

Best practices in all of these disciplines will help you to recruit, retain, and develop the best staff to not only deliver the best possible patient care, but also have a positive impact on your bottom line.

In just one example, investing in leadership development helps guide doctors and other healthcare professionals to better serve not just their patients, but the organization as a whole. Listen to how we've helped some of the nation's leading healthcare organizations create the leadership development strategies and processes that drive positive return on HR investment:

Learn how to best present the case for talent management within your healthcare organization; download our new whitepaper today!

Keep Your Edge

© 2019 Peoplefluent. All rights reserved. Peoplefluent, the Peoplefluent Logo, Mirror and Colossus are among the registered trademarks and trademarks of Peoplefluent in the United States and various other countries.Other names and brands may be claimed as the property of others.

Privacy Policy   Sitemap

Part of Learning Technologies Group plc