The coronavirus pandemic has caused upheaval in the healthcare sector. Healthcare organizations of all kinds are implementing major changes at a rapid pace, making healthcare training more critical than ever before. Ongoing employee training, even in the midst of the COVID-19 pandemic, promotes collaboration by upskilling staff and giving each team member access to the learning resources they need to function effectively in their job role. A learning experience platform (LXP) enables healthcare companies to deliver employee training cost-effectively and right at the point of need.
Budget Cuts Could Threaten Training
for Healthcare Employees
COVID-19 is doing severe financial damage to the healthcare industry, and healthcare companies are suffering as a result. The global health crisis is estimated to cost Medicare between $38.5 billion and $115.4 billion over the next twelve months, according to Healthcare Innovation. The author wrote, “The pandemic will place a hardship on healthcare organizations that participate in payment models, like ACOs, that hold providers accountable for patients’ healthcare spending.”1
This hardship could result in companies cutting back on employee training to save money. Employee training software can help these organizations save on training and enable them to continue to offer learning and development opportunities throughout the pandemic.
Related Reading: What Is an LXP?
How a Learning Experience Platform
Minimizes Staff Training Costs for Healthcare Companies
Here are a few ways a learning experience platform helps to control the cost of employee training for healthcare workers:
1. An LXP promotes skills-based learning and quicker upskilling
A learning experience platform doesn’t promote just any type of learning; it fosters skills-based learning. This is because an LXP features learning tools such as skills-based tagging, skills assessments, skills inferences, and skills-based learning paths. Quick upskilling minimizes the time workers must spend training and the amount of training that employers must invest in. Over time, this would save healthcare companies money on training and improve employee productivity.
Related Reading: Four LXP Trends to Look for in 2020
2. An LXP minimizes common healthcare training costs
A learning experience platform can enable healthcare companies to deliver training either fully or partially online, depending on staff training needs. This means an LXP can minimize or even eliminate a healthcare company’s need for live instructors. This not only cuts down on the expenses of live instruction, such as classroom rental fees and instructor salaries, but it also makes travel-related training expenses such as hotels, meals, and airfare unnecessary, which could add up to considerable cost savings for healthcare companies.
3. An LXP allows healthcare companies to reuse training materials
During these unstable economic times, healthcare companies must realize a strong return on any investment they make in online training content. One way to maximize ROI is by reusing training content. A learning experience platform makes this possible. A contributor to eLearningIndustry.com wrote, “LXPs accommodate content in a wide variety of content which means you can easily re-use, re-purpose and amend your existing content to deliver greater impact.”2 The contributor also mentioned that an LXP facilitates the creation and curation of user-generated content. This promotes peer-to-peer training, which can further help healthcare organizations reduce training costs.
How to Deploy an LXP and Launch eLearning Quickly
The right eLearning platform won’t just save healthcare companies money on employee training, but it should also have the ability to be deployed quickly. Healthcare organizations need an online learning solution they can implement fully in a matter of days, not weeks. Learn more about the TOPYX Quick Start Program that was designed to help your organization rapidly deploy the TOPYX solution quickly so you can start seeing results.
References:
[1] https://www.hcinnovationgroup.com/finance-revenue-cycle/article/21131880/projected-financial-impact-of-covid19-leaves-healthcare-leaders-searching-for-help
[2] https://elearningindustry.com/how-ai-driven-lxp-maximizes-onboarding-training-roi
