Fierce Healthcare January 26, 2022
As healthcare organizations face ongoing staffing challenges, the tight labor market is proving to be a potential tailwind for ambulatory technology company NextGen Healthcare.
“We see some interesting potential outcomes for NextGen,” said CEO David Sides during the company’s fiscal third-quarter earnings call Tuesday. “Many of our clients are experiencing labor shortages and higher staff turnover. We are seeing customers in the past probably would not have discussed outsourcing activities like revenue cycle management to now actively evaluating and engaging us for these services.”
According to a new survey from Akasa, healthcare revenue cycle teams are facing staffing challenges with significant costs for recruitment and long timelines to fill open roles. For entry-level revenue cycle talent, it costs, on average, $2,100 for recruitment and takes...