As the ongoing pandemic continues to cause widespread disruption, hackers are taking advantage of companies’ distraction to evolve new, harder hitting cyberattack strategies. New research shows that more than 50% of organizations are dealing with insider threats and the loss of privileged credentials, and 21% of individuals targeted by hackers consisted of engineers and developers.
As more companies get back to business as usual, business as usual is changing. Now, a remote work environment and flexible working hours are standard offerings in the job market — and ones that make your company more desirable in the eyes of today’s talent.
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.
Running a private medical practice is a challenging, but rewarding, business endeavor. Other than staff, patient documents are the most valuable parts of any medical practice. They serve an important role in ongoing patient relationships and require incredible care in order to protect patient privacy. Unfortunately, managing these documents in traditional ways can prove to be time consuming and costly. For a small, private practice; document management is even more challenging thank to limited staff resources and space for storing documents.
As with other industries impacted by the COVID-19 pandemic, the world of accounting is seeing rapid changes in the way business is conducted. There has been a marked shift away from time-based billing strategies, the addition of more advisory work on the horizon, and an escalation in the number of remote working teams.
As the business environment continues to shift to meet expectations and changes brought about by the ongoing pandemic, law firms and legal departments must ensure that workflows continue uninterrupted — even when teams are increasingly geographically scattered.
With average operating margins still remaining 30% below their 2015 levels, health care providers are searching for new ways to regain profitability among a bevy of challenges. While these challenges include an increase in publicly funded patients, rising denials of claims from insurers, and lowering collection rates, some of the strain can be chalked up to inefficiencies in the workplace.
While progressive companies have leveraged the power of document management software to amplify the efficiency of their workflows for years, a current emphasis on remote work has brought this technology to the forefront for a new generation of business owners.
County and local governments are heavy document creators and are usually required to store these documents forever. For those localities that have not made the transition to digital, the space to store these documents can become quite costly.
The document generation, distribution, and storage processes in the legal profession remains unrivaled by any other industry. As practicing law depends on extensive record-keeping, the amount of documents generated every day is staggering. By 2015, attorneys were generating more documents individually than they could manage alone.
Topics: Document Management