Archive for February, 2017
Thriving in a Healthcare Drought: A Case Study
posted on: Monday, February 6th, 2017 by admin
Download Your Free Case Study: Thriving in a Healthcare Drought
The story of how a California provider managed to cut costs and increase quality as healthcare resources dissipate by implementing new innovative industry research findings.
Any provider that expects to survive and thrive in the future, must ACT NOW to proactively reinvent itself. Implementing these research findings is a practical, established action plan available now to enlightened agency leadership.
Download and read this case study to discover how this California provider:
- Drastically cut workers comp premiums
- Reduced unemployment insurance costs by 31.6%
- Generated over $268,000 in annual savings for workers comp and unemployment insurance combined
- Increased hourly compensation for direct support staff competitive with Walmart
- Discovered two statistically distinct direct support roles
- Cut turnover through improved recruiting and selection processes
Talintel Cuts Workers Comp Costs 45%, Reduces Turnover
posted on: Friday, February 3rd, 2017 by adminFOR IMMEDIATE RELEASE
Talintel Cuts Workers Comp Costs 45%, Reduces Turnover Through Innovative Online Screening
CARSON CITY, NV, January 17th, 2017 /PRNewswire/ — An innovative staffing process reduced workers compensation premiums by 45 percent and cut unemployment insured costs by nearly 32 percent for a human-services provider in California. Even better: Consumers and their families raved about the improvement in the caliber of the agency’s direct support staff and the enhanced quality of care the staff provided.
The nonprofit provider in 2011 introduced an applicant pre-screening survey based on five years of industry research. The study identified the measurable traits shared by top performers in direct-support positions, explains Leo Petrini, co-founder of talintel. Talintel used the data to develop an online survey for potential applicants who are scored on the degree that their personal traits match those of top performers in direct support.
“HR professionals have long recognized that applicants whose personal characteristics closely fit the requirements of a direct-support position are more likely to succeed and deliver excellent support,” says Petrini.
Quality of care and reduced costs are even more critical as outcomes-based reimbursements become the dominant model in human-services. The California provider experience shows that agencies can control staffing costs AND improve the quality of care. The agency, which employs more than 200 direct-support staff, experienced dramatically reduced turnover after it began using the talintel system.
Combined savings in unemployment insurance and workers’ compensation premiums totaled more than $268,000 for the agency in 2015. The agency invested a major portion of the savings into raises for its direct-support staff, helping to reduce compensation-related turnover and to enhance their competitive position in the local labor market. Other savings include the optimization of training investments and improved efficiency in recruiting when HR can focus on the most promising applicants.
Petrini, an experienced management consultant who has been focused on the use of psychometric research in employee-selection systems, spearheaded the research study that led directly to the development of talintel. The study involved over 1,000 participants as well as academic researchers from University of Minnesota, University of Nevada and Baylor University.
“The opportunity to enhance the efficiency of staff recruitment while dramatically reducing costs and improving consumer experience in the human-services profession has become my passion,” says Petrini. “And now we are seeing the impact of our research on the visionary agencies that were among the first to implement its findings and see its benefits.”
To view the original version on PR Newswire, visit: http://www.prnewswire.com/news-releases/talintel-cuts-workers-comp-costs-45-reduces-turnover-through-innovative-online-screening-300391659.html
Contact: Leo Petrini
Contact Title: President, talintel inc.
Tel.: (775) 267-9868
Email: lvp@talintel.com
Website: www.talintel.com
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If you would like more information about this topic, please call Leo Petrini at (775) 267-9868, or email lvp@talintel.com
PLEASE NOTE: You can also download the case study that tells the story of how the California provider managed to cut costs and increase quality as healthcare resources dissipate by implementing new innovative industry research findings. Download Case Study Here or click the button below.
