Optimize rural healthcare recruiting: reduce time-to-hire and revenue leakage
Direct provider recruiting costs are high in healthcare, but the larger hit is revenue leakage: each unfilled vacancy represents unbilled services; internal recruiting handoffs across search, onboarding, credentialing, and payer enrollment compound the delay by Intelliworx Provider vacancies cut into healthcare finances in two ways: higher operating costs and lost revenue. This hits rural healthcare especially hard because many rural facilities are already operating at break-even margins, or even, unfortunately, in the red. The direct costs of recruiting providers are significant, according to healthcare industry benchmarks we’ve compiled. The total cost per search routinely ranges from $180,000 to $250,000 per provider. That includes a range of line items: the cost of a search firm or in-house team; marketing, job ads and listings; and site visit expenses for a prospective candidate. There is also a laundry list of possible incentives that are all but required to make a competitive offer: relocation […]