Healthcare IT Today November 23, 2022
The following is a guest article by Matthew Bayley, M.D., Group President at Conifer Health Solutions.
Physician practices have been especially hard hit by the pandemic. On the positive side, net patient revenue and provider productivity have started to increase. But those gains have been upended by inflation and skyrocketing costs. A July 2022 report by Kaufman Hall says that total direct expense per provider FTE is up 2.2% quarter-over-quarter and 7% year-over-year. The same report highlights the challenges around staffing as well, stating, “When adjusted for productivity, staffing levels continue to decline QOQ, with Support Staff FTEs per 10,000 wRVUs down 4.8% from Q1 2022 as open roles are going unfulfilled.”
The staffing shortage is a challenge practices...
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