November 8-10 - Minneapolis, MN
The HFMA Annual Conference is the premier event in healthcare finance, drawing more than 3,800 attendees from across the nation and offering 3 strategy-focused general sessions, more than 90 educational sessions, and 8 content tracks over 3 days.
Lunch & Learn Presentation
November 10th, 12:30-1pm EST
The Evolution of Clinical Labor Models: How Financial Leaders Can Drive Labor InnovationLearn more
Of the many trends brought about by the pandemic, one of the less discussed is how health systems were forced to remove traditional barriers to increase the supply of healthcare professionals. Reducing regulatory hurdles and streamlining onboarding indeed helped increase the “latent” supply of professionals in many markets, but it also resulted in the ballooning of labor costs as traveler agencies and large staffing organizations gained inordinate market power. Due to financial pressure, many systems reverted back to traditional full-time labor models. However, some leading, innovative systems recognized that they could evolve their strategy. They could continue attracting talent in a manner that still reduced barriers, was consistent with how they wanted to work, and allowed them to control costs. What key actions were part of their approach? How did they lower labor costs while still serving their patients? Join this session to find out. You’ll hear executives with expertise in healthcare, technology, and consulting share their insights about the next frontier for clinical labor models and how financial leaders can be the driving force for labor innovation.
Craig Ahrens, SVP, Growth & Strategy, CareRev
Dr. Rhonda Foster, Nurse Executive & Consultant, American Nurse Association