How Healthcare Companies Can Improve Training Efficiency with an LMS

Healthcare companies in the U.S. are in varying degrees of financial distress as a result of COVID-19. One reason for this is because many healthcare organizations are unable to perform elective medical procedures. Hospitals, for example, have taken a huge financial hit because of this.

“A 2014 report from the Agency for Healthcare Research and Quality suggested that elective admissions accounted for more than 30% of total inpatient hospital revenue,” JAMA Network stated. “By one estimate, hospitals earn $700 more for elective admissions than for admissions through the emergency department. Furthermore, for many hospitals, outpatient revenue now equals inpatient revenue, elective or otherwise.”1

There is no easy solution for the financial state hospitals and other healthcare companies are in. However, healthcare organizations can ease their financial burden by making employee training more efficient via a healthcare LMS (learning management system).

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