For more than two decades, Cape Fear Valley Health System has used a combination of Strata solutions to strengthen labor management discipline, identify cost-reduction opportunities, and support longer-range financial and growth planning.
Today, the organization continues to fine-tune its processes with Strata solutions. Using analytics and benchmarking to bolster financial planning and cost accounting has led to more informed, impactful decisions spanning areas like labor management and service line planning. Read this customer story to learn how Cape Fear Valley Health is leveraging data and analytics to:
- Reduce the use of agency and contract labor
- Better manage supply expenses
- Keep salaries competitive with regional areas
- Right-size departments based on benchmarks and industry standards
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