How to Navigate Healthcare Staff Shortages
The healthcare sector is grappling with a significant labor shortage, and billing departments are not immune to this challenge. Unprecedented turnover, fierce competition for skilled professionals, and burnout have combined to create a critical healthcare staff shortage.
Given the lack of immediate solutions, healthcare systems and medical practices must explore innovative approaches to address this severe shortage of billing personnel. Automation and outsourcing represent promising avenues that can alleviate the burden and ensure efficient revenue cycle management.
Healthcare Staff Shortages: The Bigger Picture
Billing staff shortages are part of a larger labor crisis that is affecting the healthcare industry as a whole. The healthcare sector has one of the highest job opening rates in the United States, coming in second only to accommodation and food services; the US Department of Labor Statistics calculated that there were over 2 million job openings in the healthcare sector during this time. Although more recent data is not yet available, those who work in the field can attest to the fact that labor shortages continue through to the present.
This lack of personnel means that health systems must rely on existing employees to do more with less, leading to burnout and low morale in many departments—and more resignations. These patient billing staff shortages mean that billing departments are having difficulty meeting the demands of their healthcare organizations. This results in delayed payments, inaccurate claims submissions, and missed opportunities for timely reimbursements from insurance companies.
When billing staff is unable to keep up with the necessary tasks, it can have a ripple effect throughout the organization. Slower revenue cycles put a strain on already tight budgets; patients are left wondering why they haven’t received statements yet, or feel frustrated with their providers when overburdened billing and administrative staff make errors.
It’s clear that, without an end in sight for the labor shortage, the current system is unsustainable. Automation and outsourcing to a cloud-based billing system present a solution.
How Automation and Outsourcing can Help with Healthcare Staff Shortages
One solution to this problem is to automate the billing process. Electronic medical records are already ubiquitous in healthcare; automated billing streamlines the billing process in the same way, increasing efficiency and decreasing the potential for human error. When accuracy and efficiency are improved, the result is faster payments for providers and improved customer service for patients.
It’s important to note that automating billing does not replace billing staff; instead, revenue cycle automation allows billing staff to make better use of their time in the face of existing staffing shortages. Rather than having to spread a small team too thin, automation takes care of manual, tedious processes, freeing up human labor for direct, higher-level customer service and troubleshooting.
By partnering with a third-party organization, healthcare systems, and medical practices can focus on their core competencies while allowing experts to handle their billing needs. This can provide a quick solution, and it further reduces the burden on staff; partnering with an experienced automated billing service means support is in place to ensure a seamless roll-out of the new system.
Additional Benefits of Automation
Aside from the relief automation and outsourcing can provide to existing staff, there are a number of other benefits to automating the billing process.
- Automating billing processes allows for better tracking. This means providers can keep an eye on their revenue cycle more easily, and it also helps administrators manage accounts receivables and stay on top of payments.
- Advanced analytics make it easier to monitor progress, identify areas that need improvement, and quickly adjust methods as needed.
- Automation also allows for improved accuracy and speed when it comes to payments.
- When billing staff is freed up from manual tasks, they can focus more on customer service by answering questions, resolving disputes, and managing expectations throughout the billing process.
- Automating the billing process can reduce costs for healthcare systems; by eliminating manual labor and streamlining processes, automated billing services are able to operate at a lower cost than other methods.
In addition to these benefits, automation is simply the future of healthcare billing, so healthcare organizations need to stay ahead of the curve and make sure they are taking advantage of these new technologies. There will come a time—and it will be soon—that manual billing will be virtually unheard of in the healthcare sector. It’s better to make the transition to automated processes now rather than spending years losing time and money attempting to hold onto the old way of doing things.
Finding a Solution that Works for Your Practice
When it comes to finding a solution that works for your healthcare organization, there is no one-size-fits-all approach. Organizations must assess their individual needs and determine which combination of automation, outsourcing, and internal staffing will best address their labor shortages. Here are some questions to consider:
- What processes can be automated? What should billing staff continue to handle?
- How will patients benefit from an automated billing process?
- Will the new process streamline revenue cycles?
- What kind of support does a potential partner offer?
With the right combination of solutions in place, organizations can continue to provide high-quality services while navigating the challenges of billing staff shortages. MailMyStatements is an industry leader in the digitization and automation of billing processes and a HITRUST-certified provider. We offer a simple plug-and-play solution that improves patient experience, reduces overhead expenses, and helps practices and healthcare systems navigate shortages in billing and administrative staff.
Our solution meets the expectations of today’s patients with features like text payment alerts and other reminders, eStatements, and patient portals with white-label payment gateway solutions. Automating the payment process is one of the rare solutions that reduces costs and increases revenue while simultaneously improving patient satisfaction.
By investing in modern solutions, outsourcing billing to third-party providers, and taking steps to retain existing staff, healthcare organizations can effectively manage labor shortages and mitigate their effects on patient care and satisfaction. To learn more about MailMyStatements, contact us today.