Credsy

Recent research shows how telehealth use has changed across medical specialties since the peak of the pandemic 📉 🔹 By Q3 2023, telehealth visits dropped to 5.8% of total healthcare visits, down from 31.2% in 2020. 🔹 Specialties like primary care and pulmonology are seeing renewed growth in telehealth adoption, even as others experience a decline. 🔹 45% of healthcare leaders report steady or growing demand for telehealth services, while 55% have seen demand taper off. With 36 states offering licensure exemptions under specific conditions and 20 states, including Florida and Arizona, establishing telehealth registration processes, navigating these diverse regulations can be challenging💡 Want to stay ahead of the curve? Explore telehealth trends, reimbursement strategies, and compliance in our 2024 Telehealth Toolkit  https://lnkd.in/emJevTdr #telehealth #healthcare #digitalhealth #virtualcare #reimbursement #compliance #medicallicensing #credentialing

Credentialing in small hospitals and independent practices can be particularly challenging due to limited resources, evolving regulations, and the sheer volume of documentation required. But the good news is, there are ways to streamline and improve efficiency 🏥 Here are three key strategies to help small hospitals tackle credentialing: 1️⃣ 𝐄𝐦𝐛𝐫𝐚𝐜𝐞 𝐓𝐞𝐜𝐡𝐧𝐨𝐥𝐨𝐠𝐲 Implementing credentialing software can replace manual processes with automation, speeding up each step and allowing staff to focus on patient care. 2️⃣ 𝐎𝐫𝐠𝐚𝐧𝐢𝐳𝐞 𝐃𝐨𝐜𝐮𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧 Centralizing all credentialing documents in a secure, digital system helps avoid delays and ensures smooth audits. 3️⃣ 𝐄𝐬𝐭𝐚𝐛𝐥𝐢𝐬𝐡 𝐏𝐚𝐲𝐞𝐫 𝐄𝐧𝐫𝐨𝐥𝐥𝐦𝐞𝐧𝐭 𝐖𝐨𝐫𝐤𝐟𝐥𝐨𝐰𝐬 Setting up clear, accurate workflows for payer enrollment can drastically reduce the time it takes to get providers enrolled and start receiving reimbursements. By taking these steps, small hospitals can overcome the challenges of credentialing, maintain operational sustainability, and continue to provide high-quality care to their communities. To learn more, read our latest article 👉 https://lnkd.in/d55a7KZP Ready to streamline your credentialing process? Let’s connect and discuss how we can support your organization in achieving these goals! 🚀 #Healthcare #Credentialing #SmallHospitals #MedicalLicensing #HealthcareManagement #OperationalEfficiency #HealthcareAdministration #Hospitals

The Joint Commission has rolled out significant updates to its accreditation requirements, designed to elevate the quality of care across various healthcare settings 🚑🏥 Here's what's new in four key domains: 🔹𝐄𝐦𝐞𝐫𝐠𝐞𝐧𝐜𝐲 𝐌𝐚𝐧𝐚𝐠𝐞𝐦𝐞𝐧𝐭 𝐒𝐭𝐚𝐧𝐝𝐚𝐫𝐝𝐬 Ambulatory care organizations will see a shift from basic emergency plans to more robust emergency programs. This strategic move focuses on an all-hazard readiness approach, preparing facilities for any type of emergency. 🔹𝐈𝐧𝐟𝐞𝐜𝐭𝐢𝐨𝐧 𝐏𝐫𝐞𝐯𝐞𝐧𝐭𝐢𝐨𝐧 𝐚𝐧𝐝 𝐂𝐨𝐧𝐭𝐫𝐨𝐥 A major rewrite of the Infection Control chapter mandates hospitals to appoint dedicated and qualified infection preventionists. This change aims to intensify infection control measures through comprehensive planning, training, and strict documentation. 🔹𝐖𝐨𝐫𝐤𝐩𝐥𝐚𝐜𝐞 𝐕𝐢𝐨𝐥𝐞𝐧𝐜𝐞 𝐏𝐫𝐞𝐯𝐞𝐧𝐭𝐢𝐨𝐧 For the first time, Joint Commission requires a worksite analysis as a core component of its workplace violence prevention strategy. This ensures that healthcare organizations establish clear protocols and designated personnel to manage and mitigate workplace violence. 🔹𝐑𝐞𝐬𝐩𝐨𝐧𝐬𝐢𝐛𝐥𝐞 𝐔𝐬𝐞 𝐨𝐟 𝐇𝐞𝐚𝐥𝐭𝐡 𝐃𝐚𝐭𝐚 While voluntary, participation in the Responsible Use of Health Data™ program is strongly encouraged to protect personal health information against data breaches and misuse. These updates are set to transform how healthcare organizations manage emergencies, infections, workplace safety, and data privacy, ensuring a safer environment for both patients and healthcare professionals. Want to dive deeper into these changes? Explore how they might impact your organization and what steps you can take to align with these new standards in our latest article 👉 https://lnkd.in/dd9e2qPj #Healthcare #InfectionPrevention #WorkplaceSafety #DataProtection #JointCommission #HealthcareStandards #HealthData #PatientSafety #EmergencyManagement #Healthcare #HealthcareOrganizations

Credentialing is a critical process that ensures healthcare providers are qualified to deliver the highest standard of care. By verifying educational backgrounds, certifications, and professional histories, credentialing not only safeguards patient safety but also protects healthcare institutions from potential liabilities. Here’s how it works: 🔹𝐅𝐞𝐝𝐞𝐫𝐚𝐥 𝐚𝐧𝐝 𝐒𝐭𝐚𝐭𝐞 𝐀𝐠𝐞𝐧𝐜𝐢𝐞𝐬 set the rules and regulations that healthcare organizations must follow, ensuring consistency and quality across the board. 🔹𝐏𝐫𝐨𝐟𝐞𝐬𝐬𝐢𝐨𝐧𝐚𝐥 𝐁𝐨𝐚𝐫𝐝𝐬 establish the standards for specialized practices, ensuring that only those who meet rigorous criteria can provide care in specific fields. 🔹𝐈𝐧𝐬𝐮𝐫𝐚𝐧𝐜𝐞 𝐂𝐨𝐦𝐩𝐚𝐧𝐢𝐞𝐬 require thorough credentialing to allow providers to join their networks and receive payments. 🔹𝐇𝐞𝐚𝐥𝐭𝐡𝐜𝐚𝐫𝐞 𝐎𝐫𝐠𝐚𝐧𝐢𝐳𝐚𝐭𝐢𝐨𝐧𝐬 like hospitals, play a pivotal role by validating licensure, work history, and ensuring ongoing assessments of provider performance. 🔹𝐏𝐫𝐨𝐯𝐢𝐝𝐞𝐫𝐬 themselves must stay proactive, keeping their credentials up-to-date to continue practicing without interruption. 🔹𝐂𝐫𝐞𝐝𝐞𝐧𝐭𝐢𝐚𝐥𝐢𝐧𝐠 𝐒𝐞𝐫𝐯𝐢𝐜𝐞𝐬 help streamline the process, connecting the dots between providers, payers, and regulatory bodies. In our latest article, we dive deep into the roles each of these entities plays in the credentialing process and explore how they collectively ensure the delivery of safe, effective, and high-quality patient care. 👉 https://lnkd.in/eMpA6Sua #Healthcare #Credentialing #PatientSafety #QualityCare #HealthcareCompliance #CMS #JointCommission #Hospitals #HealthcareProviders #MedicalBoard #Medicare #Insurance

Understanding physician compensation extends beyond mere numbers. It's about ensuring fairness, sustainability, and a direct link to health outcomes. In an era where attracting top medical talent is fiercely competitive, recognizing the factors that drive physician compensation is crucial 🏥 🔹𝐄𝐜𝐨𝐧𝐨𝐦𝐢𝐜 𝐑𝐞𝐚𝐥𝐢𝐭𝐢𝐞𝐬 The growing challenge lies in ensuring that physician pay keeps pace with economic conditions. As reported by Doximity the nominal average pay for physicians in 2023 was $414,347, marking a 6% increase from the previous year. However, the real purchasing power of physicians tells a different story. Adjusted for inflation, real compensation averaged at $332,677, marking a decline of 3.1% since 2017. 🔹𝐄𝐱𝐩𝐞𝐫𝐢𝐞𝐧𝐜𝐞 𝐚𝐧𝐝 𝐄𝐱𝐩𝐞𝐫𝐭𝐢𝐬𝐞 A level of experience is among the key factors shaping the sum of a paycheck, but the reality paints a picture, with a significant gap between compensation and physician expectations. A survey of over 1,000 physicians revealed that only 31% feel their pay reflects their expertise and effort. 🔹𝐒𝐩𝐞𝐜𝐢𝐚𝐥𝐭𝐲 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬 The volatility and variability in compensation across different specialties can be stark. in 2023, most specialties experienced positive growth, with the top 10 seeing annual growth rates exceeding 7%. Hematology and Family Medicine claimed the top two spots in 2023, with double-digit percentage growth compared to 2022. Still, both of these specialties, along with the majority of the 10 specialties with the strongest growth rates in 2023, experienced marginal declines in average annual compensation in 2022. 🔹𝐆𝐞𝐨𝐠𝐫𝐚𝐩𝐡𝐢𝐜𝐚𝐥 𝐈𝐧𝐟𝐥𝐮𝐞𝐧𝐜𝐞𝐬 Compensation growth varied significantly by location. Physicians in the San Jose metropolitan area experienced one of the most significant surges in compensation, with an annual growth rate of 13.5%. This sizable increase propelled San Jose from being the fourth-highest metro area in average physician compensation in 2022 to claiming the number-one spot in 2023. 🔹𝐑𝐞𝐢𝐦𝐛𝐮𝐫𝐬𝐞𝐦𝐞𝐧𝐭 𝐂𝐡𝐚𝐥𝐥𝐞𝐧𝐠𝐞𝐬 A study by Harvey L. Neiman Health Policy Institute highlighted that despite increased productivity, as measured by RVU volumes, physicians faced declining reimbursements due to reduced Medicare conversion factors and rising inflation—a trend that starkly contrasts with the 207% compensation increase for nonphysician practitioners over the same period. Other crucial factors influencing compensation include value-based metrics and contributions to academic and research fields, which increasingly factor into how compensation packages are structured. Delve into the factors that shape how doctors are paid, explore variabilities, and offer strategies for negotiating better contracts, read our new article 👉 https://lnkd.in/e-fUceKk #Credentialing #PhysicianCompensation #PhysicianPay #Physicians #Healthcare #PatientCare #MedicalCare

According to Grand View Research, Inc, the global telemedicine market hit nearly $115 billion in 2023 and is projected to soar to $286.22 billion by 2030, with a growth rate of 17.96% annually. Fortune Business Insights™ also highlights the skyrocketing demand for virtual healthcare solutions. In 2022, Kaiser Permanente revealed that before the pandemic, only 76% of hospital systems had some telehealth capacity. But the pandemic changed everything—insurance claims for remote consultations jumped by 766% in just three months, making up over 20% of all U.S. medical consultations in 2020. 𝐋𝐨𝐨𝐤𝐢𝐧𝐠 𝐚𝐡𝐞𝐚𝐝, 44% 𝐨𝐟 𝐔.𝐒. 𝐝𝐨𝐜𝐭𝐨𝐫𝐬 𝐞𝐱𝐩𝐞𝐜𝐭 10% 𝐭𝐨 49% 𝐨𝐟 𝐭𝐡𝐞𝐢𝐫 𝐟𝐮𝐭𝐮𝐫𝐞 𝐜𝐨𝐧𝐬𝐮𝐥𝐭𝐚𝐭𝐢𝐨𝐧𝐬 𝐭𝐨 𝐛𝐞 𝐯𝐢𝐚 𝐭𝐞𝐥𝐞𝐡𝐞𝐚𝐥𝐭𝐡. 𝘈𝘴 𝘵𝘦𝘭𝘦𝘩𝘦𝘢𝘭𝘵𝘩 𝘤𝘰𝘯𝘵𝘪𝘯𝘶𝘦𝘴 𝘵𝘰 𝘦𝘹𝘱𝘢𝘯𝘥, 𝘱𝘳𝘰𝘷𝘪𝘥𝘦𝘳𝘴 𝘧𝘢𝘤𝘦 𝘳𝘦𝘨𝘶𝘭𝘢𝘵𝘰𝘳𝘺 𝘤𝘩𝘢𝘭𝘭𝘦𝘯𝘨𝘦𝘴. 𝘛𝘩𝘦 𝘥𝘦𝘤𝘦𝘯𝘵𝘳𝘢𝘭𝘪𝘻𝘦𝘥 𝘯𝘢𝘵𝘶𝘳𝘦 𝘰𝘧 𝘷𝘪𝘳𝘵𝘶𝘢𝘭 𝘤𝘢𝘳𝘦 𝘪𝘯𝘵𝘳𝘰𝘥𝘶𝘤𝘦𝘴 𝘩𝘶𝘳𝘥𝘭𝘦𝘴 𝘪𝘯 𝘭𝘪𝘤𝘦𝘯𝘴𝘪𝘯𝘨, 𝘤𝘳𝘦𝘥𝘦𝘯𝘵𝘪𝘢𝘭𝘪𝘯𝘨, 𝘢𝘯𝘥 𝘳𝘦𝘪𝘮𝘣𝘶𝘳𝘴𝘦𝘮𝘦𝘯𝘵. 𝘏𝘦𝘳𝘦 𝘢𝘳𝘦 𝘴𝘰𝘮𝘦 𝘬𝘦𝘺 𝘶𝘱𝘥𝘢𝘵𝘦𝘴: 🔹𝐀𝐧𝐧𝐮𝐚𝐥 𝐑𝐞𝐯𝐢𝐞𝐰 𝐛𝐲 𝐇𝐇𝐒 The U.S. Department of Health and Human Services reviews proposals for new telehealth services each year. 🔹𝐂𝐌𝐒 𝐂𝐡𝐚𝐧𝐠𝐞𝐬 In 2024, Centers for Medicare & Medicaid Services Final Physician Fee Schedule will classify telehealth services as 'permanent' or 'provisional' starting in 2025, simplifying updates to the Medicare telehealth list. 🔹𝐌𝐞𝐝𝐢𝐜𝐚𝐫𝐞 𝐑𝐞𝐢𝐦𝐛𝐮𝐫𝐬𝐞𝐦𝐞𝐧𝐭𝐬 Medicare reimburses for Communication Technology-Based Services (CTBS), which include brief virtual check-ins, remote evaluations, and interprofessional internet consultations. 🔹𝐏𝐚𝐲-𝐏𝐚𝐫𝐢𝐭𝐲 𝐋𝐚𝐰𝐬 43 states, the District of Columbia, and the Virgin Islands have pay-parity laws ensuring telehealth visits are reimbursed at the same rate as in-person care. 𝘛𝘦𝘭𝘦𝘩𝘦𝘢𝘭𝘵𝘩-𝘴𝘱𝘦𝘤𝘪𝘧𝘪𝘤 𝘭𝘪𝘤𝘦𝘯𝘴𝘦𝘴 𝘢𝘭𝘴𝘰 𝘮𝘢𝘬𝘦 𝘪𝘵 𝘦𝘢𝘴𝘪𝘦𝘳 𝘧𝘰𝘳 𝘱𝘳𝘰𝘷𝘪𝘥𝘦𝘳𝘴 𝘵𝘰 𝘰𝘧𝘧𝘦𝘳 𝘳𝘦𝘮𝘰𝘵𝘦 𝘴𝘦𝘳𝘷𝘪𝘤𝘦𝘴 𝘢𝘤𝘳𝘰𝘴𝘴 𝘴𝘵𝘢𝘵𝘦 𝘭𝘪𝘯𝘦𝘴. These licenses, designed specifically for telehealth, come with different requirements and limitations and are typically limited to remote services. 𝐓𝐡𝐞 𝐬𝐭𝐫𝐞𝐚𝐦𝐥𝐢𝐧𝐞𝐝 𝐚𝐩𝐩𝐥𝐢𝐜𝐚𝐭𝐢𝐨𝐧 𝐩𝐫𝐨𝐜𝐞𝐬𝐬 𝐨𝐟𝐭𝐞𝐧 𝐥𝐞𝐚𝐝𝐬 𝐭𝐨 𝐟𝐚𝐬𝐭𝐞𝐫 𝐚𝐩𝐩𝐫𝐨𝐯𝐚𝐥 𝐭𝐢𝐦𝐞𝐬, 𝐚𝐥𝐥𝐨𝐰𝐢𝐧𝐠 𝐩𝐫𝐨𝐯𝐢𝐝𝐞𝐫𝐬 𝐭𝐨 𝐬𝐭𝐚𝐫𝐭 𝐨𝐟𝐟𝐞𝐫𝐢𝐧𝐠 𝐫𝐞𝐦𝐨𝐭𝐞 𝐬𝐞𝐫𝐯𝐢𝐜𝐞𝐬 𝐦𝐨𝐫𝐞 𝐪𝐮𝐢𝐜𝐤𝐥𝐲. Explore the key trends driving this expansion, understand the critical aspects of telehealth reimbursement, and see how Medicare and Medicaid adjustments are influencing virtual care practice dynamics 👉 https://lnkd.in/dm7bgAD9 #Telehealth #VirtualCare #Healthcare #Physicians #Reimbursement #Medicare #Medicaid #TelehealthLicense

𝐀𝐫𝐞 𝐲𝐨𝐮𝐫 𝐜𝐫𝐞𝐝𝐞𝐧𝐭𝐢𝐚𝐥𝐢𝐧𝐠 𝐩𝐫𝐨𝐜𝐞𝐬𝐬𝐞𝐬 𝐡𝐨𝐥𝐝𝐢𝐧𝐠 𝐲𝐨𝐮 𝐛𝐚𝐜𝐤? 🤔 Despite the obvious importance of credentialing, many organizations rely on outdated methods that introduce significant risks and inefficiencies. 👉 A staggering 85% of credentialing applications are incomplete on first submission, leading to delays and increased administrative costs. 👉 The 2023 CAQH Index reveals that while $89 billion is spent annually on administrative transactions in healthcare, $18.3 billion could be saved by shifting to fully electronic processes. 👉 Centers for Medicare & Medicaid Services reported $31.2 billion in improper Medicare payments in FY23 alone, mostly due to administrative oversights. The cost of sticking with old systems is too high—both in dollars and in patient safety. 𝐒𝐨, 𝐰𝐡𝐚𝐭'𝐬 𝐭𝐡𝐞 𝐬𝐨𝐥𝐮𝐭𝐢𝐨𝐧? Many healthcare organizations are now looking beyond their own walls and choosing to outsource labor-intensive tasks like provider applications, primary source verification (PSV), and payer enrollment. This strategic move not only cuts down on time and costs but also allows staff to focus on core functions such as quality control, contract management, and revenue cycle enhancement. 👉 Swipe through our carousel to see how modern credentialing solutions are transforming the landscape and how your organization can benefit. #Credentialing #PatientSafety #HealthcareInnovation #ProviderOnboarding #HealthcareManagement #MedicalAdministration

Traditional onboarding processes, particularly credentialing, are often bogged down by cumbersome, error-prone tasks that can delay essential care delivery 🏥 𝐖𝐡𝐚𝐭'𝐬 𝐭𝐡𝐞 𝐜𝐨𝐬𝐭? On average, medical practices spend about $7,000 and 20 administrative hours on each credentialing application. This not only strains resources but also impacts the timeliness of care. Here’s how technology is changing the game: 🚀 𝐀𝐮𝐭𝐨𝐦𝐚𝐭𝐞𝐝 𝐇𝐞𝐚𝐥𝐭𝐡𝐜𝐚𝐫𝐞 𝐏𝐫𝐨𝐯𝐢𝐝𝐞𝐫 𝐂𝐫𝐞𝐝𝐞𝐧𝐭𝐢𝐚𝐥𝐢𝐧𝐠 By automating credentialing, we drastically cut down on errors and administrative overhead. This means faster onboarding, less frustration for new clinicians, and more time spent on what matters most—patient care. 🔍 𝐏𝐫𝐢𝐦𝐚𝐫𝐲 𝐒𝐨𝐮𝐫𝐜𝐞 𝐕𝐞𝐫𝐢𝐟𝐢𝐜𝐚𝐭𝐢𝐨𝐧 𝐀𝐮𝐭𝐨𝐦𝐚𝐭𝐢𝐨𝐧 With Credsy, credential verification leverages a vast, constantly updated database, ensuring that credentials are verified quickly and accurately. This speeds up the process, allowing healthcare professionals to start their roles without unnecessary delays. 📊 𝐄𝐧𝐡𝐚𝐧𝐜𝐞𝐝 𝐂𝐫𝐞𝐝𝐞𝐧𝐭𝐢𝐚𝐥𝐢𝐧𝐠 𝐂𝐨𝐦𝐦𝐢𝐭𝐭𝐞𝐞 𝐎𝐩𝐞𝐫𝐚𝐭𝐢𝐨𝐧𝐬 Streamlining committee operations means quicker, more effective decision-making. By focusing on critical evaluations, we ensure that only the most qualified providers are brought on board, enhancing the quality of care and operational efficiency. 𝘌𝘮𝘣𝘳𝘢𝘤𝘪𝘯𝘨 𝘵𝘦𝘤𝘩𝘯𝘰𝘭𝘰𝘨𝘺 𝘯𝘰𝘵 𝘰𝘯𝘭𝘺 𝘴𝘪𝘮𝘱𝘭𝘪𝘧𝘪𝘦𝘴 𝘵𝘩𝘦 𝘰𝘯𝘣𝘰𝘢𝘳𝘥𝘪𝘯𝘨 𝘱𝘳𝘰𝘤𝘦𝘴𝘴 𝘣𝘶𝘵 𝘢𝘭𝘴𝘰 𝘱𝘰𝘴𝘪𝘵𝘪𝘰𝘯𝘴 𝘩𝘦𝘢𝘭𝘵𝘩𝘤𝘢𝘳𝘦 𝘰𝘳𝘨𝘢𝘯𝘪𝘻𝘢𝘵𝘪𝘰𝘯𝘴 𝘢𝘴 𝘭𝘦𝘢𝘥𝘦𝘳𝘴 𝘪𝘯 𝘦𝘧𝘧𝘪𝘤𝘪𝘦𝘯𝘤𝘺 𝘢𝘯𝘥 𝘱𝘢𝘵𝘪𝘦𝘯𝘵 𝘤𝘢𝘳𝘦 𝘦𝘹𝘤𝘦𝘭𝘭𝘦𝘯𝘤𝘦. 🔗 Dive deeper into how technology can transform your provider onboarding experience in our latest article: https://lnkd.in/eGTybCyH #HealthcareInnovation #Credentialing #HealthTech #ProviderOnboarding #HealthcareManagement #HealthcareAdministration #Healthcare #RevenueCycleManagement

Healthcare industry is undergoing a transformation driven by demographic shifts and systemic challenges. Here are six pivotal factors redefining medical practice management 👨⚕️ 👉 𝐏𝐨𝐩𝐮𝐥𝐚𝐭𝐢𝐨𝐧 𝐆𝐫𝐨𝐰𝐭𝐡 According to the U.S. Census Bureau the U.S. is on track to expand from 332 million residents today to 423 million by 2050. 𝘛𝘩𝘪𝘴 𝘴𝘪𝘨𝘯𝘪𝘧𝘪𝘤𝘢𝘯𝘵 𝘪𝘯𝘤𝘳𝘦𝘢𝘴𝘦 𝘸𝘪𝘭𝘭 𝘪𝘯𝘦𝘷𝘪𝘵𝘢𝘣𝘭𝘺 𝘦𝘴𝘤𝘢𝘭𝘢𝘵𝘦 𝘵𝘩𝘦 𝘥𝘦𝘮𝘢𝘯𝘥 𝘧𝘰𝘳 𝘮𝘦𝘥𝘪𝘤𝘢𝘭 𝘴𝘦𝘳𝘷𝘪𝘤𝘦𝘴 𝘢𝘤𝘳𝘰𝘴𝘴 𝘵𝘩𝘦 𝘣𝘰𝘢𝘳𝘥. 👉 𝐀𝐠𝐢𝐧𝐠 𝐏𝐨𝐩𝐮𝐥𝐚𝐭𝐢𝐨𝐧 U.S. Census Bureau also notes that the number of Americans aged 65 and older will surpass those under 18 by 2034. 𝘖𝘭𝘥𝘦𝘳 𝘪𝘯𝘥𝘪𝘷𝘪𝘥𝘶𝘢𝘭𝘴 𝘵𝘦𝘯𝘥 𝘵𝘰 𝘳𝘦𝘲𝘶𝘪𝘳𝘦 𝘮𝘰𝘳𝘦 𝘧𝘳𝘦𝘲𝘶𝘦𝘯𝘵 𝘮𝘦𝘥𝘪𝘤𝘢𝘭 𝘢𝘵𝘵𝘦𝘯𝘵𝘪𝘰𝘯, 𝘴𝘪𝘨𝘯𝘪𝘧𝘪𝘤𝘢𝘯𝘵𝘭𝘺 𝘪𝘯𝘧𝘭𝘶𝘦𝘯𝘤𝘪𝘯𝘨 𝘩𝘦𝘢𝘭𝘵𝘩𝘤𝘢𝘳𝘦 𝘥𝘦𝘮𝘢𝘯𝘥 𝘥𝘺𝘯𝘢𝘮𝘪𝘤𝘴. 👉 𝐀𝐠𝐢𝐧𝐠 𝐏𝐫𝐨𝐯𝐢𝐝𝐞𝐫𝐬 Association of American Medical Colleges (AAMC) highlights that 30% of physicians engaged in patient care are 60 or older. 𝘛𝘩𝘪𝘴 𝘥𝘦𝘮𝘰𝘨𝘳𝘢𝘱𝘩𝘪𝘤 𝘵𝘳𝘦𝘯𝘥 𝘱𝘰𝘪𝘯𝘵𝘴 𝘵𝘰𝘸𝘢𝘳𝘥 𝘢 𝘱𝘰𝘵𝘦𝘯𝘵𝘪𝘢𝘭 "𝘳𝘦𝘵𝘪𝘳𝘦𝘮𝘦𝘯𝘵 𝘤𝘭𝘪𝘧𝘧," 𝘵𝘩𝘳𝘦𝘢𝘵𝘦𝘯𝘪𝘯𝘨 𝘵𝘰 𝘥𝘦𝘱𝘭𝘦𝘵𝘦 𝘵𝘩𝘦 𝘳𝘢𝘯𝘬𝘴 𝘰𝘧 𝘦𝘹𝘱𝘦𝘳𝘪𝘦𝘯𝘤𝘦𝘥 𝘮𝘦𝘥𝘪𝘤𝘢𝘭 𝘱𝘳𝘰𝘧𝘦𝘴𝘴𝘪𝘰𝘯𝘢𝘭𝘴. 👉 𝐏𝐫𝐨𝐯𝐢𝐝𝐞𝐫 𝐁𝐮𝐫𝐧𝐨𝐮𝐭 MGMA reveals that about three in 10 medical groups had a physician leave or retire early in 2023 due to burnout. 𝘞𝘰𝘳𝘴𝘦𝘯𝘪𝘯𝘨 𝘱𝘩𝘺𝘴𝘪𝘤𝘪𝘢𝘯 𝘣𝘶𝘳𝘯𝘰𝘶𝘵 𝘪𝘴 𝘤𝘰𝘮𝘱𝘰𝘶𝘯𝘥𝘪𝘯𝘨 𝘤𝘩𝘢𝘭𝘭𝘦𝘯𝘨𝘦𝘴 𝘪𝘯 𝘸𝘰𝘳𝘬𝘧𝘰𝘳𝘤𝘦 𝘴𝘵𝘢𝘣𝘪𝘭𝘪𝘵𝘺 𝘢𝘯𝘥 𝘩𝘦𝘢𝘭𝘵𝘩𝘤𝘢𝘳𝘦 𝘥𝘦𝘭𝘪𝘷𝘦𝘳𝘺. 👉 𝐖𝐢𝐝𝐞𝐬𝐩𝐫𝐞𝐚𝐝 𝐂𝐡𝐫𝐨𝐧𝐢𝐜 𝐈𝐥𝐥𝐧𝐞𝐬𝐬 Centers for Disease Control and Prevention reveals that chronic conditions afflict 60% of U.S. adults, with 40% managing multiple health issues. 𝘛𝘩𝘪𝘴 𝘱𝘦𝘳𝘷𝘢𝘴𝘪𝘷𝘦 𝘪𝘭𝘭-𝘩𝘦𝘢𝘭𝘵𝘩 𝘪𝘴 𝘱𝘭𝘢𝘤𝘪𝘯𝘨 𝘤𝘰𝘯𝘵𝘪𝘯𝘶𝘰𝘶𝘴 𝘱𝘳𝘦𝘴𝘴𝘶𝘳𝘦 𝘰𝘯 𝘩𝘦𝘢𝘭𝘵𝘩𝘤𝘢𝘳𝘦 𝘴𝘺𝘴𝘵𝘦𝘮𝘴 𝘵𝘰 𝘱𝘳𝘰𝘷𝘪𝘥𝘦 𝘰𝘯𝘨𝘰𝘪𝘯𝘨, 𝘤𝘰𝘮𝘱𝘭𝘦𝘹 𝘤𝘢𝘳𝘦. 👉 𝐄𝐯𝐨𝐥𝐯𝐢𝐧𝐠 𝐏𝐫𝐚𝐜𝐭𝐢𝐜𝐞 𝐒𝐭𝐲𝐥𝐞𝐬 CHG Healthcare study shows that 44% of physicians reported switching to work locum assignments, compared with 28% in the 2022 survey. 𝘛𝘩𝘪𝘴 𝘦𝘷𝘰𝘭𝘶𝘵𝘪𝘰𝘯 𝘪𝘴 𝘭𝘦𝘢𝘥𝘪𝘯𝘨 𝘵𝘰 𝘢 𝘥𝘦𝘤𝘳𝘦𝘢𝘴𝘦 𝘪𝘯 𝘵𝘩𝘦 𝘢𝘷𝘢𝘪𝘭𝘢𝘣𝘭𝘦 𝘧𝘶𝘭𝘭-𝘵𝘪𝘮𝘦 𝘦𝘲𝘶𝘪𝘷𝘢𝘭𝘦𝘯𝘵 𝘸𝘰𝘳𝘬𝘧𝘰𝘳𝘤𝘦, 𝘧𝘶𝘳𝘵𝘩𝘦𝘳 𝘤𝘰𝘮𝘱𝘭𝘪𝘤𝘢𝘵𝘪𝘯𝘨 𝘵𝘩𝘦 𝘴𝘵𝘢𝘧𝘧𝘪𝘯𝘨 𝘦𝘲𝘶𝘢𝘵𝘪𝘰𝘯. Our latest article delves into the key insights from the AMN Healthcare 2024 Survey of Locum Tenens Physicians and Advanced Practitioners, we explore the benefits and challenges physicians face along with credentialing hurdles related to the new era 👉 https://lnkd.in/eGRkKPDn #Physicians #Locums #LocumTenens #HealthcareProviders #HealthcareOrganizations #HealthcareManagement #ProviderBurnout #Credentialing #HealthcareIndustry

Median hospital operating margins have impressively sustained above 4.5% for the fifth consecutive month 😲 𝐖𝐡𝐚𝐭 𝐰𝐞’𝐫𝐞 𝐬𝐞𝐞𝐢𝐧𝐠: 🔹An 11.7% increase since last year, partly due to expanded Medicare rules. 🔹Drug and supply expenses continue to climb, up 8.3% and 8.1%, respectively. 🔹Expenses per physician have surged $1.09 million, up 12.8% from 2023 and 21.1% from 2022. 𝘈𝘮𝘪𝘥𝘴𝘵 𝘵𝘩𝘦𝘴𝘦 𝘤𝘩𝘢𝘭𝘭𝘦𝘯𝘨𝘦𝘴, 𝘳𝘰𝘣𝘶𝘴𝘵 𝘳𝘦𝘷𝘦𝘯𝘶𝘦 𝘨𝘳𝘰𝘸𝘵𝘩 𝘪𝘴 𝘦𝘷𝘪𝘥𝘦𝘯𝘵: 🔹 11.4% increase in net revenue per physician FTE. 🔹 Enhanced productivity with wRVUs per FTE rising by 9.1% from last year. However, rising costs and fluctuating margins remain a challenge. The sector must adapt and implement effective strategies to enhance operational efficiency and financial stability in this dynamic landscape. 𝐈𝐧 𝐨𝐮𝐫 𝐥𝐚𝐭𝐞𝐬𝐭 𝐚𝐫𝐭𝐢𝐜𝐥𝐞, 𝐰𝐞 𝐮𝐧𝐯𝐞𝐢𝐥 𝐩𝐫𝐚𝐜𝐭𝐢𝐜𝐚𝐥 𝐭𝐢𝐩𝐬 𝐨𝐧: 👉 Enhancing workforce retention 👉 Streamlining payroll processes 👉 Maximizing clinical space utilization 👉 Accelerating payer enrollment 👉 Reducing credentialing-related costs 𝐓𝐡𝐞𝐬𝐞 𝐬𝐭𝐫𝐚𝐭𝐞𝐠𝐢𝐞𝐬 𝐚𝐫𝐞 𝐛𝐚𝐜𝐤𝐞𝐝 𝐛𝐲 𝐝𝐚𝐭𝐚-𝐝𝐫𝐢𝐯𝐞𝐧 𝐢𝐧𝐬𝐢𝐠𝐡𝐭𝐬 𝐚𝐧𝐝 𝐫𝐞𝐚𝐥-𝐰𝐨𝐫𝐥𝐝 𝐚𝐩𝐩𝐥𝐢𝐜𝐚𝐭𝐢𝐨𝐧𝐬 𝐭𝐡𝐚𝐭 𝐡𝐚𝐯𝐞 𝐚𝐥𝐫𝐞𝐚𝐝𝐲 𝐡𝐞𝐥𝐩𝐞𝐝 𝐧𝐮𝐦𝐞𝐫𝐨𝐮𝐬 𝐡𝐞𝐚𝐥𝐭𝐡𝐜𝐚𝐫𝐞 𝐟𝐚𝐜𝐢𝐥𝐢𝐭𝐢𝐞𝐬 𝐨𝐯𝐞𝐫𝐜𝐨𝐦𝐞 𝐟𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥 𝐬𝐭𝐫𝐚𝐢𝐧𝐬. Dive into our comprehensive guide to discover how you can not only survive but thrive in today's challenging healthcare landscape 🔗 https://lnkd.in/eUV5A-4F #HealthcareManagement #OperationalExcellence #FinancialHealth #HealthcareInnovation #HealthcareAdministration #Healthcare #HealthcareExecutives #PayorEnrollment #Credentialing #WorkforceRetention #HealthcareProviders #HospitalTurnover #StaffTurnover