“There’s an opportunity to reduce your expenses, improve your patient throughput, and drive revenue so that you have a holistic impact on your bottom line,” according to David Francis, M.H.A., of BDO’s healthcare management advisory services practice. © leowolfert – stock.adobe.com When the consultancy BDO surveyed middle-market healthcare chief financial officers recently, the results showed that they were worried about what pretty much what you wouldexpect: supply-chain disruptions, regulatory uncertainty, natural disasters. And just as troubling for those C-suite executives was a shortage of available talent. Seventy-one percent of respondents said labor shortages were a top threat to the healthcare industry. There’s cause to be concerned. The federal government’s Health Resources and Services Administration projects that by 2025 the United States will be short almost 79,000 registered nurses and more than 57,000 physicians. Those projections are modeled on historical patterns of attrition that may not hold true in the era of “quiet quitting,” burnout and lingering effects of the peak years of the COVID-19 pandemic. Well-chronicled consequences of the pandemic have been the shift to telehealth and a growing array of ways to deliver care remotely. It turns out that the same digital transformation that met the challenge of […]
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