While the U.S. healthcare industry is undergoing a seismic shift, vying to move from volume-centric to value-based care, effective technological enablement tools like Radius™ will play a key role in this transition. In the current scenario, the industry is grappling with a considerable shortage of nurses to cater to a high demand market.
According to an article published in Health Affairs, it is expected that the U.S. healthcare industry will face a shortage of about 260,000 nurses by 2025. [(1] Given the rise in aging population, healthcare companies are now directing their efforts to automation.
Emerging technologies stand to revolutionize traditional healthcare business models, with a focus to improve delivery of services to patients. These technologies are also redefining business models within the sector, with an aim to reduce investment of resources in mundane tasks. In June 2016, Accenture identified five emerging forces, converging to shape the “people first” healthcare landscape: intelligent automation, liquid workforce, the platform economy, predictable disruption and digital trust. This categorically demonstrated how the industry is shifting from a labor-intensive, technology-enabled model to a digital-centric and human-enabled one. [(2]
Developed in-house by Intelenet Global Services, Radius™ uses end-to-end WFM analytics allowing customers to build a robust staffing model. The benefits are diverse, as Radius™ creates a pull environment where the nurses come to the customers, alongside comprehensive reporting and dash boarding solutions at the click of a button. It also allows the flexibility to provide continued care to patients from their choice of nurses.
Moreover, this tool also allows the nurses to have the flexibility to work part-time yet earn the same or even more. This tool helps in increasing in-house staff utilization by up to 20% and reduces staff scheduling by up to 70%.
Bhupender Singh, CEO of Intelenet® Global Services, states, “After conducting extensive research into the workforce dynamics within the nursing community, we understood the intrinsic pain points of our customers and their employees. We subsequently devised a robust strategy to alleviate the pain-points faced by the industry, through our software platform Radius™. While the primary goal is aimed at seamlessly delivery of services, it also looks to increase work efficiency with the help of real-time feeds through intelligent data capture from the mobile workforce.”