One of the things our HCO Members love most about LocumsMart is that we are able to consult with them about their upcoming needs and help them make decisions regarding relevant data points that will affect their locum tenens experience, before they ever submit an Assignment Request on our platform.
How do we do it? Big data.
LocumsMart captures workflow data from over 1,000 healthcare facilities around the United States. In the past year alone, our Member Facilities booked over 1,000 Confirmation Agreements on LocumsMart, representing more than 138,000 days and 526,000 hours of physician locum tenens coverage. Our access to big data allows us to see past the proverbial trees and into the forest. LocumsMart has the unique ability to help a hospital determine fair market value with regard to a particular job or need, without the hospital needing to first request coverage from their preferred Vendor partners.
LocumsMart’s annual Market Trends Report includes some of these data at a high level, and our Users can always pull on-demand KPI Reports based on their own workflow history, but LocumsMart has access to much more granular data. Did you know that we regularly build much more complicated, custom reports upon request? Our Support Team can pull aggregate data by multiple factors, including specialty, state, region, and much more.
In the end though, data by itself are useless. Value is gained via proper analysis of the data—and that is what the LocumsMart Consulting Team brings to the table. Bob, Julie, and I regularly visit our hospital customers, and assist them in analyzing both their own historical data, and the larger aggregate data set that LocumsMart can access. Understanding our Member Facilities’ unique needs and helping them apply the lessons that can be learned via big data is our favorite part of the job.
Are you paying fair market value for your locum tenens physicians? Does your facility currently make any attempt to analyze its locums usage holistically? Do you make forecasts for strategic planning purposes? Are your projections based solely on historical invoices, or do you account for changes in supply and demand? How much confidence do you have in your numbers? Bob, Julie, and I would love to assist you with these types of projects. We can use real-world data to forecast expected locums utilization and costs and help you build more accurate budgets that account for the “unforeseen” staffing needs that will inevitably occur at your facility. Please contact firstname.lastname@example.org, or reach out to any of us individually (contact info below), and let us know how we can use big data to assist you in your strategic initiatives.