The COVID-19 pandemic wreaked havoc with physician practices and healthcare in 2020, where many providers saw stunning declines in productivity and associated revenues. In general, physician productivity fell by over 8%, although this varied among specialties. Factors that contribute to limited productivity include providers being burdened with non-productive tasks such as searching for information, inefficiencies in patient flow, and others. In addition to lowered productivity, staff burnout and job dissatisfaction rose, causing up to 30% of healthcare workers to consider leaving their jobs.
With more companies turning to third-party partners to help them expand their business capabilities without breaking the bank, there has been a surge in interest — and concern — about third-party risk management.
The COVID-19 pandemic has changed the way businesses around the world operate. No industry has been immune to these massive changes in the way people work and interact with the professionals they trust. Face-to-face meetings have been replaced by video chats, for example. Even as the world begins to open back up, many of the changes that have taken place over the past year are likely here to stay.
Is your school ready to reopen safely? You may think so, especially if you have health and safety protocols in place such as hand sanitizing stations, mask guidance, social distancing guidelines, or even vaccine requirements. But a safe school environment offers more than just physical safety.