The cost of recruitment and time to fill senior-level revenue cycle roles takes more than six months, but even filling entry-level roles takes time, according to a survey of 514 hospital and health system CFOs and revenue cycle leaders.
The survey, published Jan. 26, was commissioned by healthcare operations provider AKASA between Sept. 30, 2021, and Oct. 17, 2021.
Three key findings:
1. For an entry-level revenue cycle position, it costs on average $2,167 for recruitment and takes 84 days to fill an open role.
2. For midlevel revenue cycle jobs, defined as those requiring six to 10 years of experience, it costs $3,581 for recruitment and takes 153 days to fill vacant roles.
3. For senior-level revenue cycle jobs, those requiring more than 10 years of experience, it costs $5,699 for recruitment and takes 207 days to fill vacant roles.