People are healthcare’s greatest asset
The healthcare labor market is experiencing dynamic change with new trends bringing a fresh set of challenges.
Due to early retirement trends and other factors, retention has become an issue in healthcare human capital management. Medical coding requirements, HIPAA rules, electronic health records (EHRs), and new standards brought on by the Affordable Care Act (ACA) are pushing big changes in healthcare resulting in high turnover. Whether employees are retiring, moving on to different career opportunities, or simply burning out, it is crucial for organizations to identify talent with the competencies and skills to move into these roles.
LACK OF QUALIFIED CANDIDATES
Roughly 40 percent of healthcare financial leaders report a lack of capabilities they find “extremely important” for success, such as in-house expertise and resources for value-based or risk-based models. More than 90 percent of independent physician groups have high turnover rates, with more than 80 percent having trouble recruiting candidates with experience in ICD-10, value-based care and MACRA (Medicare Access and CHIP Reauthorization Act).
TALENT SHORTAGE OF STAFF
Medical needs and support will increase, due in large part to the aging of the baby boomer generation and the related “silver tsunami” facing the U.S. healthcare system. The demand for healthcare professionals has increased substantially, outstripping supply. With the trend toward performance-based career models, high-performing workers are in high demand and healthcare recruiters are facing serious competition.
Finding quality human capital quickly and efficiently is the key to a healthcare organizations success
With today’s health systems focusing more on quality of care and improving outcomes, hospital leaders must manage their human capital resources carefully to handle vital administrative and clinical functions.
Harmony Healthcare offers an undeniable value-proposition to healthcare organizations hoping to expand their capabilities. Investing in a human capital partnership is a strategic way to stay on track. With the right partner, hospitals are free to focus their time and money on what counts: the patient.
Let us show you
How we optimize reimbursement and improve financial outcomes
How we recover dollars in underpaid recurring revenue
How we free up staff to focus on providing quality patient care