It is no secret that hazard pay or hero pay ordinances across a variety of industries especially in the healthcare domain was a common factor since the start of the recent pandemic crisis in many cities throughout California.
In fact, the crisis has further increased vacancies for various types of nursing personnel by more than 30 % and led to 34% of healthcare workers leaving their profession altogether. This created a lot of problems for many and so Los Angeles Mayor Eric Garcetti last month on July 7,2022, in order to recognize the effort put by the healthcare workers in the crisis time signed the ordinance (The new ordinance of ‘Healthcare Workers Minimum Wage Ordinance’ for increasing the minimum wages for non-supervisory/managerial employees for privately-owned healthcare facilities within the City of Los Angeles)
in fact, many believe that the new ordinance of increasing the minimum wage to $25 per hour will not only help alleviate some of these concerns but ensure better business.
Though the purpose of the new ordinance is to fairly compensate all the healthcare workers for their hard work and effort it created a lot of problems for many HME providers and other healthcare practices as well; as managing in-house billers and coders will be quite expensive.
Sunknowledge – the ultimate solution for your HME billing to the rising healthcare cost:
Taking care of all your billing and collection processes, Sunknowledge offers a comprehensive RCM solution at only $7 /hour. Efficiently communicating and resolving all the challenges and improving your billing transaction that can save your time and money, Sunknowledge today further reduces inefficiencies, denial claims rate, AR bucket and operational cost and more. Increasing your overall revenue and reducing your operational cost by 80%, Sunknowledge with its dedicated resources and methodical approach additionally helps in identifying loopholes and immediately work on improving them.
In fact, closing all your HME billing gaps faster and efficiently at a cost effective rate, Sunknowledge today is listed among the leading RCM destination.
So if you are worried due to the recent increase in healthcare costs then Sunknowledge is the ultimate destination.