Healthcare is an evolving industry, and new trends are bringing a fresh set of challenges for Human Resources departments. EPAY Systems provides human capital management solutions for healthcare that can help you deal more effectively with staffing and human resource management issues in this ever-changing field.
Human Capital Management Challenges in Healthcare
The Affordable Care Act (ACA) and other significant developments in the industry have left healthcare HR professionals facing several major issues:
- Talent shortage of clinical staff: With enforcement of the Affordable Care Act, more Americans are insured and able to access healthcare. The demand for healthcare professionals has increased substantially, outstripping supply. With the trend toward performance-based career models, high-performing workers are in high demand and healthcare recruiters are facing serious competition. Our seamlessly integrated recruiting and applicant tracking solutions provide everything you need to accelerate the recruiting and onboarding of talent.
- Succession planning: Because of early retirement trends and other factors, retention has become an issue in healthcare human capital management. Medical coding requirements, HIPPA rules, Electronic Medical Records (EMRs), and new standards brought by ACA are pushing technological changes in healthcare at an alarming rate, straining IT resources, stressing employees, and resulting in a high turnover rate. Whether employees are retiring, moving on to different career opportunities, or simply burning out, it is crucial for HR to identify employees with the competencies and skills to move into these roles and to implement coaching and mentoring programs.
- Compliance and reporting: With the introduction of the ACA came new reporting requirements. HR managers are now required to accurately track all employees and their hours, as they relate to health benefits, and report to the IRS to remain in compliance with the ACA. Annual reviews and employee performance evaluations must also be tracked and reported for facilities receiving state or federal funding. EPAY Systems’ human capital management solutions allow HR to confidently manage ACA reporting requirements with minimal effort, simplifying human resource management overall.
- Cost Management: To be profitable, hospitals and healthcare facilities must stay on top of costs. However, in the healthcare industry, offering competitive salaries to hire and retain high-performing workers can help increase ROI and decrease costly staff turnover. HR managers may be struggling with the current budget, searching for ways to reduce costs so that funds can be made available to invest in talent management programs offering competitive salaries. Fortunately, our fully-integrated human capital management system makes it possible to contain costs, while minimizing compliance risks, by automating time-consuming HR processes.
Healthcare Human Capital Management Solutions
When you are facing HR issues in a constantly changing industry, EPAY Systems’ human capital management solutions allow you to take on your toughest challenges in less time. Our unified software system can help you reduce administrative costs, optimize your workforce, and ease your HR burden. And our powerful time and labor management app flexes to fit the most complex labor environments.
There are no mystery fees or cost surprises with our HCM solutions. You pay a simple fixed rate per employee per month. What’s more, we provide free, comprehensive customer support 24/7/365.
Get Reliable Healthcare Human Resources & Workforce Management Software from EPAY Systems Today
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