Horizons Fall/Winter 2019

By growing the overall workforce, not only will the shortage of healthcare professionals begin to shrink, but healthcare facilities will be at the front of the line when it comes time for the individual to enter the workforce full-time. Finally, recruiting is becoming more electronic in today’s age. Instead of having paper applications or posting ads in a paper, job opportunities are posted all over recruiting websites. With just the click of a button, candidates can begin filling out applications online for a job they love. The healthcare industry’s challenges in recruiting and retaining the staff necessary to carry out the services needed are making it difficult to cut costs, while also improving the quality of patient care.

With recruiting comes more expenses, more elaborate employment packages and lost revenue from having vacant positions. Overall, it is affecting each healthcare provider’s bottom line. A reduced bottom line makes investment a challenge, which hinders growth. In order to right the ship, the healthcare industry will have to adapt its recruiting effort to build and retain the experienced and qualified staff it needs to meet patient demands.

HEALTHCARE SERVICES GROUP

RubinBrown’s Healthcare Services Group provides a broad array of services to a diverse group of clients in the healthcare industry including hospitals, physician practices, multi-site medical groups and not-for-profit health organizations. For more information, visit www.RubinBrown.com/Healthcare .

Tom Zetlmeisl, CPA, CFE, CFF, CGMA Partner-In-Charge Healthcare Services 314.290.3395 thomas.zetlmeisl@rubinbrown.com

Eric Westby, CPA, CGMA Partner & Vice Chair Healthcare Services 314.290.3339 eric.westby@rubinbrown.com

Kristin Bettorf, CPA Partner Healthcare Services 314.290.3416 kristin.bettorf@rubinbrown.com

20 Today’s Healthcare Challenges: Minimizing Costs, Increasing Quality, While Reeling with High Turnover