Human Resources may not be working directly with patients, but the decisions they make regarding the workforce have great potential to influence your medical group’s overall performance.
Before the COVID-19 pandemic, U.S. hospitals were already amid historic workforce shortages and shrinking budgets. Coronavirus only exacerbated this growing trend, shining a spotlight on the American healthcare system's challenges and flaws.
Misinformation continues to surround the use of the Q6 modifier, or the billing for services provided by a locum tenens physician, resulting in mistakes that prove costly or even detrimental to practices, as they may result in audits or further disciplinary action.
The Q6 modifier is a tool that practices can use when a physician is away for an extended period of time, requiring temporary coverage by a locum tenens. It covers Part B fees or medical claims related to the professional service provided, billed using the existing physician's NPI number, and the Q6 modifier.
To prevent abuse, there are stringent rules in place surrounding the conditions for using this modifier. When being used, the surrounding circumstances must be well-documented. Carefully review the details of when and how to use the Q6 modifier to ensure that you remain compliant.
Healthcare leaders have different ideas on what workforce optimization is and why it is essential to their healthcare system. Understanding contingent staffing needs, providing in-demand clinicians to your facilities, and knowing what is costing the healthcare system, can be overwhelming, especially in today's challenging and changing environment.
VISTA recently embarked on an engagement with a large multi-specialty medical and healthcare management group to discuss the challenges they were facing. These challenges included the following major areas: cost containment, transparency, compliance, and how to reduce the dependency on locum tenens.
According to AAMC, by 2032, the American healthcare system will be short almost 122,000 physicians. This ongoing physician shortage is only going to get worse. With the lack of qualified clinicians, it is leaving healthcare systems and facilities scrambling to fill positions and balance the need for continuity of care against the need to control staffing costs.
Patient expectations have never been higher. And it is up to you to create an effective workforce management strategy that will help you meet or exceed these expectations. While plans may vary according to hospital type, they all focus on the strategic utilization of physicians and other hospital employees to meet or exceed customer expectations.
Human resources professionals encounter a large amount of data every day. When used correctly, this data can help increase profits and even generate revenue. The term for this deep dive into your HR data is using "HR analytics." HR analytics is defined as the interpretation of metrics for various HR-related functions. Examples of this can include training expenses per employee, the time it takes to hire a candidate, or the time it takes to promote an employee.
Topics: workforce optimization
Increasing productivity at a hospital is no small undertaking - especially given the current physician shortage impacting the healthcare industry. If there are too few clinicians available to treat patients, morale sinks, which negatively impacts productivity. But if the supply of clinicians exceeds demand, the resulting inefficiency can erode already-thin profit margins.
A talent strategy is one of the most powerful tools in an HR leader's arsenal. An effective talent strategy will help a hospital survive and thrive by attracting and retaining top-tier employees. But a talent strategy will never be as effective as it could be unless you optimize your workforce. Below is a look at the critical role of workforce optimization, a necessary tool for a talent strategy to truly succeed.
Topics: workforce optimization
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At VISTA we’re dedicated to being our clients’ strategic workforce optimization partner. With our deep industry expertise and exclusive locums MSP technology, we help health systems, hospitals, practices and government entities build and sustain effective workforce models that ensure patient access to care and organizational stability. Covering more than 60 specialties, we staff physicians, nurse practitioners and physician assistants to help our clients preserve revenue and maintain profitability.