Healthcare and the Millennials

June 8, 2020

Compliance Services

With Baby Boomers retiring at an accelerated rate, estimated to be 10,000 per day, younger generations are rightfully taking their place in the healthcare industry. Providers, administrators, executives, entrepreneurs encompassing every element of the healthcare industry are stepping up as new leaders. Next-Gen-era workers will soon dominate healthcare.

Currently, approximately one-third of the United States’ labor force are Millennials, having eclipsed the Gen Xers as the largest generational group in the workplace. Millenials prefer work processes to be streamlined and efficient with less formal relationships. They embrace informalities and technology, preferring information that is easily accessible and relevant.

Coker’s latest white paper, Healthcare and the Millennials, explores the generational differences between Millennials and Boomers and how these changes will affect healthcare leadership throughout the next decade.

Social Share

Contributors

Roz Cordini, JD, MSN, RN, CHC, CHPC

Senior Vice President, Regulatory Compliance & Audit Services

Share this post

Related Insights

View All Insights

Can Hospitals Compete with Private Equity in Attracting Physician Group Deals?

COVID-19 FRAUD ALERT

Announcing our New Book on Private Equity and Healthcare

Press Release: Coker Team Authors New Book on Private Equity and Healthcare

Provider Compensation in Rural Markets: Top 5 Lessons Learned

COVID-19 Pandemic Exposes Vulnerabilities in Healthcare Organizations (Part 2)

The Intersection of Compliance and Fair Market Value: Are You Sure Your Arrangements Coincide?

2021 E/M Coding Changes: What Healthcare Professionals Need to Know

Understanding Medicare Preventive Visits: Key Differences Between IPPE and AWV Services

Discover how understanding these distinctions can enhance patient care and ensure compliance.

Does the Corporation’s Compliance Program Work in Practice?

Practice Management Basics: A Healthy Revenue Cycle Begins Up Front

Engage an Expert Witness to Build a Sound Defense in Healthcare Legal Cases

Best Practices for Developing Employed Provider Compensation Plans

Coker Group has added Brandt Jewell as a Senior Vice President to lead their Physician Services Group

The Keyword for Hospitals: Track Documentation of Physician Community Need Before Recruiting Physicians

Leveraging Medicare Annual Wellness Visits for Chronic Disease Identification and Prevention

Tap into the Power of Medicare AWVs for Early Detection of Chronic Illness

A Reflection on Coding and Compliance Changes

The Aging Physician Workforce

Provider Compensation Management: Solving the Compensation Conundrum

Information Blocking Compliance: What do Healthcare Providers Need to Know?

Burning Platforms: Common Characteristics and Considerations for Employed Provider Network (EPN) Turnarounds

Major Changes to Split/Shared Billing Affect Advanced Practice Providers and Physicians

6 key effects of the split/shared billing changes.

Telemedicine: Leveraging Technology to Deliver High-Value Healthcare Services

The Office of Inspector General to Audit the Effectiveness of the Health and Human Services Office for Civil Rights

OIG to assess compliance with HIPAA security requirements.

5 Mistakes Covered Entities and Business Associates Made During a Security Risk Analysis

Top Five Trends in Healthcare for 2021

Key Points About Risk Adjustment of Quality and Cost Data

EHR Documentation Integrity Risks: Ten Ways to Stay Compliant

In a World of Increasing Vulnerability to Cyber Attacks: Are You Protected?

Should You Use a Non-Medical Grade Telemedicine Platform?

2021 Offers New Opportunities Amid Healthcare Regulation Changes

Assess the Health of Your Practice Operations

What is Compliance Program Effectiveness?

Boards must retain a compliance expert to perform an effectiveness review.

CMS Issues 2023 Physician Fee Schedule Final Rule

The conversion factor will decrease by 4.5%.

Cybersecurity Lessons from 2016 and Trends for 2017

COVID-19 Pandemic Exposes Vulnerabilities in Healthcare Organizations (Part 3)

wRVUS: Are yours accurate?

Physician Compensation Governance: Building a Good Foundation

Post-Pandemic Crisis Affiliation: Which Way is Up?

Fair Market Value: Assessing Compensation Arrangements in the Healthcare Industry

Compliance Risk Mitigation in Healthcare Mergers & Acquisitions

Building Medical Staff Buy-In when Conducting a Physician Community Needs Assessment

The Ugly Truth About the New 2021 E/M Changes

2021 Evaluation and Management (E/M) guidelines is one of the biggest changes to physician billing and coding.

Employed Physician Network Turnarounds

Comprehensive Executive Search Should Include Leadership Cultural Assessment

Coker Group Telehealth Survey

Trinity Hunt Partners Establishes Healthcare Advisory Platform with Investment in Coker

Trinity Hunt will work closely with Coker’s skilled team to facilitate expansion.

HHS Announces Changes to the HIPAA Privacy Rule

Planning and Managing Provider Compensation: A Checklist-Based Approach

Streamline provider compensation management with actionable steps to improve compliance and transparency.

EHR-to-EHR Conversions: There’s a Lot to Know!

Bridging the Gap from Fee-For-Service to Fee-For-Value (Without Losing Your Mind)

Five Tips to Keep Your Data Safe

Coding Compliance and WRVUS: What Lurks Beneath the Surface?

Navigating the New Normal of a Post-Pandemic World

Identifying Embezzlement Opportunities in a Medical Practice

The Next Stage of Evolution in Physician Practice Transactions: Can hospitals compete with private equity in attracting physician group deals?

Why is a Fair Market Value/Commercial Reasonableness Opinion Important for Value-Based Enterprises?

FMV/CR documentation ensures market and economic reasonability.

Is Your Healthcare IT Up To Par? Why IT Assessments are Beneficial

Key Issues and Guidance for Hospitals and Medical Groups during the COVID 19 Pandemic

Is Information Technology a Competitive Necessity or a Competitive Advantage?

Conflict Management and Successful Leadership

Healthcare Consulting Firm, Coker, Announces Acquisition of NorthGauge Healthcare Advisors

Healthcare and the Millennials

ONC Temporarily Relaxes Compliance Deadlines Related to the Cures Act

Relationship Status with Productivity-Based Compensation: It's Complicated

Artificial Intelligence (AI) in Healthcare: How is it Changing Healthcare and What are the Ramifications?

Mitigating Organizational Stress

A Strategic Systematic Approach to Community Health Needs Assessment (CHNA): A Living Plan for Your Community's Health Improvement

Smoothing the Rough Spots in Patient Flow in Outpatient Practices

8 Information Blocking Exceptions You Need to Know

It is not considered Information Blocking if these exceptions are met.

Establishing Objective Evidence for Physician Needs Assessments

Healthcare Cybersecurity – Where are You Vulnerable?

Physician Compensation Plan Design: The Basics Make a Difference

Responsive Compensation Arrangements to Battle COVID-19

Is Your Corporate Compliance Program Well-Designed?

Navigating the Digital Landscape: Hospital Marketers Win in the Latest Ruling on HHS Online Tracking and HIPAA

Learn how the recent court ruling empowers hospital marketers to use web technologies without fear of non-compliance and how to stay vigilant as the case progresses.

Is the [Compliance] Program Being Applied Earnestly and in Good Faith?

3 Critical Elements for Building an Effective Human Firewall

Is there a Looming Physician Shortage and What does it Mean?

COVID-19 Telehealth Privacy and Security Concerns

Cybersecurity Tips

Case Study: Leveraging Technology During a Pandemic

Understanding and Negotiating IT Vendor Contracts: Three Tips for Protecting Your Organization

Healthcare Cybersecurity: Is Your Data Protected?

Let’s Talk about Why Qualitative Information Matters in Your Physician Needs Assessment

The medical community's input and health system leadership can be vital to a comprehensive physician needs assessment.

Using Market Data to Establish Sustainable Physician Compensation Models

Healthcare Cybersecurity Threats and Trends for 2018

Front-End Patient Collections: Where the Rubber Meets the Road

Physician Community Need Assessments in the Age of Employment

Is Your Risk Analysis Thorough and Accurate?

A gap analysis does not provide a comprehensive view of security processes.

What Does It Mean for a Compliance Program to Be Effective?

Mitigating Risk when Migrating from one EMR to Another

American Medical Association Releases 2023 E/M Updates

These changes will take effect on January 1, 2023.

COVID-19 Pandemic Exposes Vulnerabilities in Healthcare Organizations (Part 1)

CrowdStrike Outage Impacts US Healthcare: Protecting Healthcare Organizations

Protect Your Healthcare Organization from IT Disruptions: Learn from the CrowdStrike Outage