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Cath Lab Vacancy Cost
Assumptions based on
projection of 6 mos vacancy
What can happen with Lack of Leadership
Or:
Consider this Cath Lab Scenario
• Staff production has been high with low turnover
• Expenses to Revenues has been very positive
• Physician and Patient satisfaction has been positive
• New strategic initiatives are well underway…….
THEN
The KEY DRIVER of the positive
outcomes, THE LEADER IN THE CATH
LAB…decides to make a move…..
WHAT CAN IT COST????????......here’s a
possible scenario….
Assumes
per diem
salary
housing costs
of $25,000 each month
source: survey of current interim directors
Assumes 8 hours per week total
staff overtime based on:
Staff Overtime
1 .5 x hourly rate
Source: http://www.springboardstaffing.com/cath_lab_survey.php
$5,484
$14,992
$5,119
$1,097
$9,873
$0
$2,000
$4,000
$6,000
$8,000
$10,000
$12,000
$14,000
$16,000
Source:
http://www.rwjf.org/content/dam/files/legacy-files/article-files/2/revlewinevalrnturnover.pdf
Assumption that due to lack of high-level
leadership: 10% loss of margins.
To arrive at the cost: a. Avg Cath Lab
Vol 40 cases/week. Margin per case:
$1400 (Loss of 10% per week )
Interim
Director
$150K
Staff O/T
Costs
$27K
Recruit for
RN
$37K
Supply
Loss
$4K
Total Costs May Reach:
Other possible loss includes:
1.Regression of career development program
2. Positions that go unfilled
3. Defection of Cardiologist based on vacancy
4. Positive programs and initiatives go unfinished
Solutions?
Result – Program starts to sink at faster rate
Result –Possible inefficiencies which increase
vacancy time and expenses
Result—Uncover talent base quicker, reducing
overall expenses and other losses

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