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Labor Shortages and Complex Work Processes
A major problem facing many medical practices, especially in high-wage urban areas, is the cost and availability of properly skilled labor. Medical practices often find themselves in a situation where labor supply and demand are fundamentally out of balance.
Labor represents 35-55 percent of a typical medical practices expense. The level of skill required to enter the complex procedural and diagnostic data demands a premium wage for what is ultimately data entry work. Attention to detail and acute reasoning are essential qualities. Workers must have the ability and willingness to learn complex concepts and participate in a team environment.
Long Term Solutions Require Long Term Vision
The long term vision of Medico is to capitalize on the tremendous opportunities available to us by implementing cost effective solutions. One of those solutions is in the area of data processing and the needs of medical practices. This can be accomplished by managing the implementation and quality of work while outsourcing the labor intensive portion of your workload.
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