MedPage Today January 19, 2025
— Here’s how to recognize and manage the phenomenon
Amid inflation and an exodus of healthcare personnel, practices reduce services, ultimately leading to decreased quality. This is called “skimpflation,” which happens insidiously, and you may need to recognize it is occurring in your practice.
While “shrinkflation” refers to products or offerings getting quantifiably smaller with no decline in price, the related “skimpflation” phenomenon focuses on businesses or practices skimping on the quality or availability of a product or service. Skimpflation is an issue that results in staff changes, like fewer employees to assist with patient care. This blog will describe strategies to manage it.
During and after the COVID pandemic, healthcare has become a victim of a great resignation. Since...
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