Financial pressures stemming from inflated labor costs and the No Surprises Act have spelled trouble for staffing companies like American Physician Partners and Envision Healthcare. As companies adapt after the pandemic-era business challenges, some are relying on strategies like consolidation and exclusive partnerships to stay competitive. The No Surprises Act, which took effect Jan. 1, 2022, prohibits out-of-network bills for services rendered at in-network facilities. The measure severely affected the bottom line of staffing companies providing out-of-network physicians to hospitals. Here’s how companies are working grow their physician staffing businesses amid labor shortages and marketplace strains.
Read the full article: How the No Surprises Act Changed Strategy at Staffing Companies //