BC Advantage - 2022 Issue 5

Offsetting Staffing Shortage-Induced Revenue Loss

Exacerbated by pandemic-induced burnout, the Great Resignation, vaccine mandate-driven terminations, and rising retirement rates, the chronic shortage of billing, coding, and audit professionals will continue to worsen over the near future. And it comes at a time when demand for these positions is skyrocketing, with the American Hospital Association (AHA) projecting a 13% growth in medical records, billing, and compliance positions - the fastest growing healthcare white-collar administrative professions - by 2026. As a result, healthcare organizations struggle to keep revenues flowing with too few qualified professionals to manage critical billing and compliance processes. The impacts are...

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