Today the biggest single challenge in the healthcare industry right now is a staffing shortage. Last year, in 2021 U.S News & World Reported listed the states hit hardest by staffing shortages including – New Mexico, Vermont, Rhode Island, West Virginia and Arizona etc.
The healthcare industry is experiencing a huge storm from a labor shortage perspective. Though the labor shortage problem was presented and causing practice problems for decades now, the last two years of the COVID crisis have augmented the dilemma furthermore.
In fact, it is no secret that today healthcare is suffering from losing its skilled workforce somewhere between 43 to 56%.
As healthcare practices not only had to face setbacks due to the increase in patient volume but employee burnout in turn exacerbated staffing shortages at all levels in the healthcare field and ‘Great Resignation’. In fact, today’s lack of resources negatively impacts patient care management, workflow efficiency, and also worker retention. This is why providers are looking for continuous operational extensions that can support a better billing workflow and management as well as overcome staffing shortages to improve care delivery. An inaccurate team and resources will only burden your practice more.
Today practices are more into choosing operational extension support for managing its billing operation not only for the sole reason of – outsourcing being a cost-effective solution but it is a destination with a team of experts working together to improve your billing efficiency so you can only concentrate on patient care and management.
Eliminating all your billing headache of retaining employee training them and managing their wages which can cause a hole for many small healthcare practices, outsourcing today resolve all your headache. In fact, closing all your billing gaps, an operational extension is good at reducing your chance of billing and coding error, lowering your denial and rejected claims rate, and improving your collection efficiency in no time.
Outsourcing today is a modern-day one-stop solution for the rising healthcare cost and frequently changing billing landscape said Dr. Dipak Nandi, a proficient New York base Neuro-Psychiatrist and a pioneer in the healthcare industry.
Sunknowledge Services Inc. – an ISO 27001:2022 certified, American-owned & operated company, headquartered in New York City – is a leading global provider of Business and Knowledge Process Outsourcing services in the US healthcare domain.
