May 27, 2015 | Mark Woodka
May 27, 2015 | Mark Woodka
For many of us managed care is a reality in our markets, and for many more of us it soon will be. By 2020 estimates are that Medicare Advantage enrollees will quadruple over 2005 levels, and over 15 states have either already moved dual-eligible patients into managed care or are planning to do so in the very near future.
The primary impact on providers will be further downward pressure on margins, which is going to drive home the fact, if it has not been driven home already, that we are in a fundamentally different business today than we were 5 or even 3 years ago. Sustainability in this environment will be driven along three axes:
You’ve probably noticed that there’s a common theme to mastering margins, and that is staffing. Dialing in staffing levels, staffing mix, and reducing excess costs day-to-day, if not shift-to-shift, will differentiate the providers that thrive in this new reality from the ones that merely survive.
Top photo by Stuart Miles from freedigitalphotos.net
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About Mark Woodka
Mark Woodka is CEO of OnShift and has over 25 years of experience in enterprise software sales and marketing, having worked for startup organizations as well as Fortune 500 companies. He often leverages his extensive background in technology-enabled process improvements speaking at industry conferences as well as authoring articles on long-term care trends and issues.
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