Labor Productivity looks at the full-time employees per occupied bed, overtime percent and hours per patient day. The real value in the application is to look at the nursing department group.
A common challenge for providers is to balance the ratio of nurses to patients. Too few nurses and quality suffers, but too many and your costs exceed budget. You cannot wait until the end of the pay period to make corrections; you have to do it on a daily basis to balance quality and cost.