There’s been an exodus of healthcare workers. That’s not really news, just a statement of fact. The current staffing crisis, as it’s being called, is compounded by several other things. There’s been a rise in the cost to furnish services to patients. The combination of lower revenues from medical services and the exit of medical staff is increasingly hurting medical facilities and practitioners. The aforementioned turnover has also impacted the training of new healthcare workers. In some facilities, the addition of nurse educators increases the loss of revenue. With all of these challenges in mind, we also need to understand another factor, which is the high amount of inflation.
Inflation is also not helping practices and medical facilities to receive payments from insurers. As reimbursement rates are not in keeping with inflation pricing. The medical field is currently being seen as a pressure cooker because of these varied struggles. Dealing with payments and insurers is something you can trust our team at Gables Medical Billing to do, we’ll ensure your claims are clean from the beginning and your payment is timely.