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Bullboard - Stock Discussion Forum Quipt Home Medical Corp T.QIPT

Alternate Symbol(s):  QIPT

Quipt Home Medical Corp. is a home medical equipment provider. The Company specializes in improving the home management of chronic illness through the application of telehealth systems and automated distribution. It provides in-home monitoring and disease management services, including end-to-end respiratory solutions for patients in the United States. It offers nebulizers, oxygen concentrators... see more

TSX:QIPT - Post Discussion

Quipt Home Medical Corp > HME news - labor shortage/rising wages continue......
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Post by besttobe on Jul 15, 2023 11:12am

HME news - labor shortage/rising wages continue......

HELP WANTED? PROVIDERS TRY TO ADJUST

Erik MickelsonYARMOUTH, Maine – HME providers say difficulties hiring – and keeping – employees is hurting business and forcing them to get creative. 

Provider George Kucka says it’s like “pulling teeth” to get people to even show up for interviews, let alone show up once they are hired. 

“We’re under capacity,” said Kucka, president of Fairmeadows Home Health in Schererville, Ind. “People get prescriptions for PAP, but don’t have enough therapists to do the setups. Same with drivers when people need hospital beds or wheelchairs. We did maybe 60% or 70% of the opportunities we could fulfill last month.”  

Specialties are especially trying 

It’s definitely challenging for providers who need to hire employees with special certifications, including orthotists, pedorthists and ATPs, says James Rogers, who owns both Chattanooga-based PPS Orthotic and Prosthetic and Phoenix Rehab and Mobility.  

“I think many have gotten out of health care over the years, especially in these areas where there’s not that many O&P providers or CRT providers,” he said. “In the big cities, maybe it’s not quite as much (of an issue) but in the secondary markets, they clearly have a need for providers, and it’s very, very difficult to find the talent that goes along with that.” 

Hiring practices evolve 

For provider Erik Mickelson, employee referrals are “hands down” the best way to hire good employees these days. He currently has four job openings in the U.S. and two in the Philippines, where he launched a separate business to take care of back-office functions. 

“I would say 50% of our good hires are referrals in-house,” said Mickelson, CEO of Yakima, Wash.-based Howard’s Medical Supply. “If anyone refers family, a friend or a contact and we hire them they get $500. I do the same for the Philippines business. They get $250 once they get through (the first) three months, which is converted to pesos. That helps our retention rate.” 

Keep the employees you have 

Provider Dale Shimabuku says she’s been lucky to have a low turnover rate among her staff. In addition to higher pay and more flexibility, she says it also helps to understand what employees want and need from an employer. 

“We try to take some employee surveys to figure out what they value, not just what we value,” said Shimabuku, president of Gammie Home Care, which has locations on Maui and Kauai in Hawaii. “We’ve tried to do everything we can to incentivize the staff that’s here not to leave and continue to support those we have.”

Comment by westcoastlogger on Jul 15, 2023 11:23am
I dont know why you would think hiring problems in the HME business is something of a phenomenon. Theres hiring problems in literally every sector of our society. Whether its doctors, bartenders, garbage collectors, undertakers, food servers, you name it. 'We're hiring' signs everywhere. Get your head out of your keester and listen to the news.
Comment by besttobe on Jul 16, 2023 10:54am
Wage increases and staff shortages are worse for a health company like Quipt than for most other industries, because their product/service pricing for the most part is FIXED. CMS and insurance companies control their pricing. IMO Indexing for CPI is only done by CMS at the beginning of next year, so pricing lags inflation.  I expect a larger loss than 500K for Q3 numbers a a result. IMO ...more  
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