Coming on the heels of the pandemic, an estimated 5 million US Workers have switched to new careers during the great resignation. The healthcare sector is one of the most affected, with the COVID-19 pandemic taking a toll on the frontline workers, i.e., physicians, nurses, and support personnel.
The Pandemic and Beyond - Strategic Issues for Hospitals and Healthcare Systems
The post-pandemic path to recovery for hospitals and healthcare systems is steep with multiple challenges, including a severe shortage of clinical and revenue cycle labor, and unprecedented inflation. Initiatives such as value-based care, patient experience improvement, and process automation, on the other hand, are screaming for investments.
A Financial Transformation Guide for Health System CFOs
As hospital and health system CFOs prepare for the post-pandemic world, they are witnessing an unprecedented labor crisis and a spiraling backlog of A/R volumes that will bring down the entire organization. Cost pressures, shifts in payer mix, rising consumerism, and declining reimbursements add to their woes. Patient visits have been unpredictable in the post-pandemic world.