Today the healthcare industry is undergoing a critical crisis level. The healthcare worker shortage problem in fact has left many providers worried and practices struggling to even maintain the minimum profitability. In a recent survey, conducted in 1,100 hospitals more than 40 percent complained of facing an immediate and critical staffing shortage. According to the AHA, the labor crisis situation is so dire for some providers that resources like the National Guard have been deployed to meet staffing challenges.
According to healthcare labor market research by the asset-management firm Mercer, the United States in fact, is most likely to experience a shortfall of more than 3 million lower wage workers, especially the integral to revenue cycle operations within the next five years by 2025.
With remaining resources scrambling to focus on delivering the care a patient needs, today providers in fact are encountering extremely disrupting in their day to day billing processes; thus leading to delayed ROI and a lot of other problems as well. Furthermore, as providers are can’t wait for higher salaries to draw more workers or funnel new staff into the workforce – outsourcing is the perfect solution for today’s rising healthcare cost and limited resources problem.
Outsourcing a better alternative:
Closing the bridge of billing and coding gaps, outsourcing is helping many providers that are often stretched thin and helping them avoid burnout which is an emerging cause of staff resignation today. With a team of qualified staff ensuring productivity goals automating certain tasks and providing actionable metrics, outsourcing today can help fulfill urgent human resources needs and revenue-cycle management (RCM) functions in no time.
Understanding the changing regulations and nuances of healthcare, an operational extension with dedicated resources with a scalable blend of technology and human resources in fact is organized to optimize workflow.
Offering you a cost effective rate in improving the financial performance and enhancing the patient experience, outsourcing is the need of the hour, stated 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.
