Healthcare organizations are trying to drive out inefficiencies across their businesses to increase revenue.
Healthcare organizations are trying to drive out inefficiencies across their businesses to increase revenue. While improving supply chain processes and reducing denials can yield significant financial improvement, they struggle to put a dent in labor costs, which account for approximately 60 percent of spending. At the same time, there’s an impending healthcare skills gap with an estimated shortage of 20,400 primary care physicians and 200,000 nurses by 2020. Travel and agency nurses, physical therapists and occupational therapists, and locum tenens physicians help fill labor gaps at understaffed hospitals, but they come at a significant cost. The gig economy would allow hospitals and healthcare providers to negotiate directly with healthcare professionals, significantly reducing the fees charged by pricey intermediaries.