Those over the age of 85 require the most care, and the percentage of people in that age range is predicted to double to 14 million by 2040. Post-acute care facilities providing that care need more professionals, but as wages rise, financial strains often make it difficult to solve these labor challenges. For example, facilities are often fiercely cost-conscious and typically seek options that adhere to narrow margins. Some of these facilities also hold contracts with other healthcare systems, making it difficult to enter into new agency contracts.
The winners will be those who apply key learnings and establish strategic partnerships to sustain and scale their organizations. CareRev is a technology platform allowing on-demand work possible for ALFs and SNFs by aggregating shifts and professionals into one platform.
It embraces practical innovation, giving facilities the ability to:
- Boost their operations to tackle the staffing shortage
- Provide more consistency in staffing levels
- Remain flexible to meet fluctuating resident demands