CHELMSFORD, Mass. (July 06, 2009) – Banner Health has extended its use of workforce management solutions from Kronos® Incorporated to include labor analytics and absence management. By using the business intelligence and leave management software to make smarter decisions about its 35,000-employee workforce, the longtime user of Kronos time and attendance and employee scheduling applications expects to achieve additional cost savings of $30 million in six years.
News Facts
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Banner Health conducted an extensive search for a labor analytics solution and selected Kronos because of its ease of use, functionality, tight integration capabilities, knowledgeable consultants, and quick payback.
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With a projected payback on the IT investment in 18 months, and $30 million savings projected over six years, the selection team at Banner secured rapid approval for the Kronos solution. Senior corporate management, as well as leadership from nursing, finance, and management engineering unanimously selected Kronos.
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Using integrated time and attendance, scheduling, absence management, and labor analytics applications from Kronos provides real-time visibility into workforce performance issues, and enables frontline managers to take action promptly to control labor costs and improve productivity.
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The Kronos solution will be used by all 35,000 Banner Health employees across every department in its 22 hospitals and healthcare facilities.
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Kronos offered Banner Health a no-interest capital lease to help the organization balance the software expenditure with other pressing clinical investments.
Supporting Quotes
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David Kaubisch, vice president of finance, Banner Health
“Tracking time, scheduling employees, and gaining real-time visibility into labor analytics data from a single, integrated solution will help us make decisions that positively impact labor budgets and productivity. Having achieved significant cost savings with Kronos before, we are confident that we will deliver the projected ROI on time.”
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Brian Graves, global practice leader of healthcare, Kronos
“Our labor analytics solution enables healthcare organizations to make quick, timely adjustments to labor levels and fluctuating patient volume, and thereby helps control labor costs, improve productivity, and minimize compliance risk. We are excited to see Banner Health not only implement the solution but also embrace the best practices of workforce management through the integration of analytics with other critical workforce business processes.”
Supporting Resources
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About Banner Health
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About Kronos Analytics for Healthcare
Source: Kronos