As the Clock Runs Out, Healthcare Providers Work Furiously to Solve the Contract Labor Crisis
As governmental funding for pandemic staffing has wound down, the bottom line for hospitals has taken a serious hit. Organizations with the highest labor costs during 2022 spent an average of $465M1. Large organizations such as Kaiser Permanente and Banner Health1 took a serious hit during that period of explosive staffing costs.
Healthcare Provider Temporary Staffing: Implausible or Imperative?
Let’s be honest, future healthcare provider financial projections are not pretty. Drastically reducing the highest top line costs to secure future financial solvency is key, and temporary staffing is ostensibly the item zero in on.
A Sea Change is Coming
Managed Service Providers (MSP) utilizing Vendor Management Systems (VMS) or Workforce Management Systems have been a part of U.S. commerce for decades, starting with Ford Motor Company and moving across all market verticals.
Where are all the nurses?
As the pandemic has begun to wane, lingering questions remain. Not the least of which is how much worse staffing shortages became during this period, while the largest healthcare staffing firms enjoyed record breaking profits.
If You Can’t Beat Them, Be Them
Healthcare is home to ~9% of the total market share of the U.S. temporary staffing industry. Over the past few years, the role of managed services providers (MSP) has gained majority share of this system of temporary personnel delivery. What was once a pure technology solution, this model has become a tool for the largest […]
The “Hidden Tax” of Travel Nursing Contracts
If your hospital system is using travel nurses, it is very likely you are using technology called “VMS” or (Vendor Management Solution). The entities that use this technology are called “MSPs”, (Managed Service Providers). Although these tools have been used for decades in non-clinical settings, they didn’t appear in great numbers until the early 2000’s. […]
Experts Weigh Strategies to Keep Nurses From Exiting Workforce
How can hospitals hold on to nurses, bring new ones into the fold, and fend off extreme staffing shortages?
4 Tips for Hospitals and Facilities to Attract Healthcare Grads in 2022
We touched on the topic of how to attract healthcare grads back in 2019, and given all of the change that’s happened in the industry since then, it’s only fitting that we provide some updated tips for attracting the right talent in 2022. It’s a well-known fact that in today’s market, nurses and healthcare professionals […]
6 Proven Strategies From Nurse Execs to Combat the Nursing Shortage in 2022
Here are six proven strategies nursing executives are using to combat the nursing shortage and how other nurse leaders can do the same.