The COVID-19 pandemic placed an unprecedented amount of stress on systems across all sectors, but no industry was tested more than healthcare. Once the U.S. government declared a national emergency, all non-essential procedures were halted. Although the number of critical care patients increased, the number of patients undergoing elective procedures decreased causing hospitals and provider groups to experience financial hardship. Meanwhile, the circumstances called for some adaptation on the part of staff members. Facilities called in clinicians across all disciplines to help care for COVID-19 patients.
The healthcare industry is rapidly changing, and healthcare systems need innovative solutions to meet increasing demands. With the uncertainty of the pandemic and the various staffing challenges that have arisen, it has become increasingly important to partner with a healthcare staffing firm. Your patients need your undivided attention, which can be challenging to do when you're continually looking for top clinicians.
When a healthcare organization is staffing its facility, it's of the utmost importance to identify skilled, proficient, and ethical candidates. Talented healthcare providers lead to better patient outcomes, and providers with integrity tend to act ethically and honorably, even if they make a mistake.
There are numerous ways to evaluate each candidate when filling open positions for physicians. Experience weighs heavily during the process, as does their performance during multiple rounds of interviews. But there's another area hiring managers can use to determine whether a candidate will be a good fit in the organization: the skills they bring to the table.
The medical profession is a complicated one to navigate at the moment. Hiring physicians is especially challenging in this environment. But despite these challenges, it remains true that staffing your facility with high-performing individuals is the surest (and, really, the only) way to create a successful medical organization. The question then becomes: how does your organization overcome any staffing challenges that could potentially impede the progress?
Healthcare providers have a tremendous capacity to help heal people within their community. The issue is that often, not everyone within that community has an equal opportunity to receive the highest quality care based on circumstances often outside their control. A systemic attempt to correct these imbalances is known as striving for health equity.
Thanks to a variety of advanced technologies, today's organizations in all industries have access to data that can help them make informed business decisions designed to drive growth.
Since the spread of COVID-19, hospitals across the country have suffered a shortage of critical care providers due to the increased demand brought on by the healthcare crisis. The U.S. is projected to experience a shortage of over 7,900 critical care physicians due to COVID-19. Subsequently, many hospitals need critical care physicians, but it can be challenging to find the right candidates within the time they need them.
Hospitals face particular challenges in critical care physician staffing, which VISTA's Rapid Response Recruitment Solutions can help overcome.
According to Deloitte, 51% to 60% of hospitals could hit negative margins by 2025. The healthcare industry is notoriously difficult to manage, given the constant payer mix changes, regulatory pressures and rising labor costs. Behind the veil of regulatory frictions and insurance confusion, tangible ways to contain and control costs can offer immediate relief. Reducing turnover can significantly reduce your costs, improve quality-of-care, and help you build sustainable and stable financial models to tackle the other challenges.
The average healthcare system is no stranger to financial pressures. Even back in 2017, Deloitte estimated that over 50% of hospitals would hit negative margins by 2025 due to payer mix changes, regulatory frictions, and rising labor costs (which are primarily fueled by hyper-competitive fields like physicians, nurse practitioners, and physician assistants. Now, with COVID-19, an accelerated regulatory atmosphere, a shift in practice habits (e.g., the rise of virtual visits), and shaky supply chains, the pressure to build resilient healthcare revenue streams has never been higher.
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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.