Increase in Labor Shortages in Healthcare
According to a recent study, the healthcare industry may see an increase in labor shortages in the near future, despite the rising need for healthcare providers. “The healthcare workforce is burned out following a nearly two-year face-off against COVID-19,” said by John Derse, a healthcare industry leader at Mercer. “This impact will be felt by […]
Federal Agencies Offer Funds to Address the Lack of Healthcare Providers
With incentives for community health workers and new nurses, federal agencies plan to address the lack of healthcare providers. The United States Departments of Labor (DOL) and Health and Human Services (HHS) announced a combined $346 million in funding for education and opportunities around the country. Community Health Workers The Health Resources and Services Administration […]
Potential Continuation of Workforce Issues in Medical Groups
According to a poll by the American Medical Group Association (AMGA), ongoing workforce issues have caused medical groups’ staffing ratios to decline and their labor costs to rise. A Decline in Staffing Ratios The 2022 Medical Group Operations and Finance Survey contains data from more than 24,000 medical professionals working in 5,600 clinics. The results […]
Staffing Shortages Rank as a Top Concern for Healthcare Executives
A 2022 study from PwC concluded that executives in the healthcare industry view staffing shortages as a primary concern, along with the affordability of care. Experts argue that 2023 will be a pivotal year for the industry. Organizations will need to retool their traditional business models to survive, including reconsidering how they staff their administrative […]
Medical Billing Outsourcing Grows
Medical billing outsourcing is on the rise because of high billing expenses and staffing shortages. Future Industry Insights’ most recent analysis predicts that the market will experience record growth by 2022. Looking at the Numbers Medical billing outsourcing is projected to expand at a compound annual growth rate of 16% from 2022 to 2032. By […]
The Healthcare Worker Shortage Crisis
Despite being one of the fastest-growing industries, the healthcare sector has faced a large number of challenges in the past few years. The COVID-19 pandemic strained health systems across the world and underscored the importance of a robust healthcare network. One compounding factor that made COVID-19 harder to tackle is the healthcare worker shortage, which […]