This fast growing sector of the economy is experiencing growth pains that Ringo is perfectly designed to alleviate.
Ringo can help outpatient facilities:
- Reduce temporary labor costs by more than 20%
- Manage locum certifications
- Access clear insight into labor spending
- Automate timesheet submission and tracking
Just how much as the ambulatory sector of the healthcare economy grown?
The numbers are staggering...
The Emergency and Other Outpatient Care Centers industry is in the growth stage of its life cycle. During the 10 years to 2022, industry value added, which measures the value that the industry adds to the overall economy, is forecast to increase at an annualized rate of 4.6%. In comparison, US GDP is projected to increase at an annualized rate of 2.0% during the same period.”– Source: IBISWorld
A recent national economic survey of construction activity reported that more than 83% of survey participants said, “their biggest business opportunities are in designing and building outpatient facilities. More than half (54%) mentioned construction projects in “ambulatory care” in general.”
What are outpatient services?
Outpatient services are multi-faceted and growing in number and scale. More and more healthcare consumers are choosing to access medical care through such facilities whether they’re seeking treatment, diagnostic testing or rehabilitation. Examples of outpatient services typically include:
- Weight-loss and wellness
- MRI and diagnostic scans
- Blood testing and diagnostics
- Addiction recovery and rehabilitation
- Post-surgical treatments
- Physical Therapy
- Chemotherapy and radiation treatments
- Counseling and therapy
- Minor surgical procedures
Ambulatory and Outpatient care are often referred to interchangeably. These diagnostic, consultation, rehabilitation and procedural visits have become an essential part of the health care economy outside of a traditional hospital setting. Ambulatory Care Sensitive Conditions (ACSC) are conditions that can be treated in an outpatient facility to prevent the need for overnight (or “inpatient”) stays at a hospital. Diabetes treatment is often cited as a prime example of this type of care. Telemedicine - where patients have direct access via telephone or video conferencing with certified medical professionals - is a growing phenomenon that is often considered “outpatient” as well.
Growing Your Ambulatory Facility
Outpatient facilities are being built at a furious pace due to increasing demand for ambulatory services. Therefore, talent is at a premium. Facility owners and managers are coming to increasingly rely on locum tenens and temporary labor to meet the demands of an increasing and aging patient population.