6 Ways to Combat Healthcare RCM Talent Shortage
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Hospitals encountered billions of dollars in loss due to the healthcare skill shortage in 2022, and this upset would grow in the forthcoming years. RCM (Revenue cycle management) is primarily pendant on the workforce. The efficiency and productivity of a provider's income rely on how well the staff can address their medical billing and coding. RCM requires timely follow-ups, processing documentation, and handling denials. The ineptitude to perform the above processes leads to cash flow insufficiencies, expanded contradictions, mistakes, and reduced productivity. The healthcare enterprise will be transient by over 122,000 by 2032, foresaw AAMC (Associates of Medical College). Skill shortage would affect caregivers, the supporting RCM professionals, and administrative staff. The labor expense would grow by $86 billion in the forthcoming year, while the other costs would increase by $49 billion. Are you ready to fight the impending talent deficiency in the healthcar...
