Home » Dipak Nandi – How to Cope with the Current Labor Crisis Issues in the Healthcare Industry

Dipak Nandi – How to Cope with the Current Labor Crisis Issues in the Healthcare Industry

Dipak Nandi

by USHealthCare
Healthcare Industry

Last year according to a study by the U.S. Bureau of Labor Statistics (BLS), nearly 4 million people ended up resigning from their jobs. Following this year, the number has only seen augmented with more than 24 million people quitting their jobs. Even though the labor shortage problem was present before the pandemic, today the top driver for such a situation is mostly due to cumulative stress, burnout and the pressure the pandemic has caused. In fact, resignations have been highest in the technology and healthcare industries. This is why today faced with higher wage competition; many healthcare practices have decided to pursue strategies like –

  • More than 72% said that they are raising wages to attract the workers
  • 56 % are offering more flexible work hours
  • More than 20% are increasing the benefits ratio
  • More than 79% are looking for an outsourcing medical billing as an alternative option

Outsourcing is the key: 

Addressing staffing shortage, outsourcing today has been a key strategy for ensuring seamless billing traction for many healthcare practices. Helping you with all your medical pre and post-billing headaches and manpower issues instantly, outsourcing aid you in focusing more on patient care and management.

Defining productivity and performance standards without compromising, outsourcing is known for reducing your operational cost and keeping your accounts receivables in control. Lessening the overall cost to collect and improving margins with the operational extension you get complete support during the demand or billing volume peaks without any kind of extra or additional expenses.

Ensuring financial improvement with dedicated resources and an excellent team, it further reduces your chances of claims rejection and denials. Shrinking your billing and coding error rate, an operational extension focus on transactional efficiency and drives greater financial outcomes for all.

Dr. Dipak Nandi, MD, a New York based renowned neuro-psychiatrist and a pioneer in the healthcare industry in fact expressed, that – today outsourcing is the need of the hour and a cost effective solution for the healthcare industry.

You may also like

Leave a Comment