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2

The Increasing Challenges Faced by the Healthcare Industry

By Erin Bayliss

Managing healthcare workforce demands has become increasingly difficult due to pain points at the system, organizational and individual levels. Now more than ever, planners need to be able to future-proof their organizations to ensure their workforce has the knowledge and capabilities required to meet the ever-evolving needs of health management.

Hospitals face growing and shifting supply and demand patterns at the macro level due to demographic and epidemiological transitions. With increasing longevity becoming more prevalent, there is a corresponding growth of aging of populations, leading to a higher incidence of chronic diseases. As a result, there has been a notable surge in patient demand characterized by multifaceted medical needs.

Advances in technology mean new types of treatments requiring specialized skills. Workforce planners need to be able to predict the demand for these treatments to ensure they have the skillset required to meet this demand.

Without effective retention strategies, workforce planners face high attrition rates, reducing an already strained supply of healthcare workers. This results in poorer working conditions, further feeding the cycle of high attrition.

Additionally, political and economic change burden hospitals through budget constraints and ever-changing regulations. Planners must have a strategic workforce plan in place to reduce costs.

Learn how Operations, HR, and Finance can future-proof their organizations against these challenges by leveraging Anaplan to create and execute their strategic workforce plan in a seamless closed-loop planning process.

For more information on our solutions, please reach out to epm@keyrus.com.

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