The minimum wage has increased in 19 states so far in 2019 — and more states are expected to follow. Whether you are watching this news closely or not, you are probably running numbers daily to determine where you can create efficiencies in your nursing home procedures. In this blog, we’ll detail how a higher minimum wage could impact your senior living community specifically on the topic of the medical laundry process.
There are, of course, pros and cons to the minimum wage hike. First, advantages of increasing employee pay include decreased employee turnover and increased employee satisfaction and/or performance, great for your senior living community! However, disadvantages include increased operating costs as a result of the higher hourly rate of your employees. If the minimum wage increases in your state, Medicaid and other managed care organizations might not increase the reimbursement rates for senior living communities, leaving employers with possible increased labor costs and no compensating increase in income.
In addition, increased wages could also make it difficult to hire additional employees to keep up with the influx of new patients (and laundry volume) expected as baby boomers age and seek nursing homes. Fortunately, you don’t need to hire additional staff to keep your nursing home’s laundry procedures running smoothly; you always have the option to outsource to the experts.
Perhaps now is the time to consider if outsourcing your medical laundry needs is the right option for your organization to allow your staff to focus on what it does best… providing expert patient care. If you would like to learn about the services Faultless Healthcare Linen provides in order to save money and free up more employee time for patient care and other services for your residents, give us a call.
We’ll help you crunch the numbers, determine if there are efficiencies we can provide and, ultimately, see how much money you can save by outsourcing your community’s medical linen. Find out more.