Big data, machine learning, and artificial intelligence are more than just buzzwords. They are changing our lives in often imperceptible ways, and increasingly contributing to the decisions we make both at home and at work. As helpful as it is to know which new show you should watch on Netflix or which emails should go straight to your spam folder, the potential for AI to assist us in making big decisions more effectively—by using more than just the information that resides within our own grey matter—is the potential that has everyone buzzing.
LocumsMart is excited to announce that our newest version includes our first step into machine learning and artificial intelligence: Bid Scoring.
HCOs can now indicate which factors they will evaluate, and the importance of each factor in determining whether or not to accept a Provider.
All Bids are then assigned a score as they are received, which is based on the indicated preferences of the HCO. Bid Scores are displayed to both HCO and Vendor Users.
As LocumsMart gathers more data over time, the system “learns” about which factors drive a User’s decisions on whether to accept or decline a particular Provider Bid, and it is able to do a better and better job of scoring each Bid based on the individual HCO User’s preferences. While Bid Scoring helps HCO Users work more efficiently by saving them time, it also helps Vendor Users work more efficiently by showing them which factors their HCO clients are using to evaluate their Provider Bids.
Bid Scoring provides Vendors with immediate real-time feedback they can use to improve the quality of the Bid and improve the chances that their Provider is accepted. Is the candidate board-certified? Are they licensed in the State where the Facility is located? Can the Provider fill all the dates and shifts requested in the Assignment Request? Put that information in the Bid! Adding new, more responsive information about a Provider will improve the Bid Score in real time and help the HCO better understand how well the Provider matches their need. Overall, Bid Scoring will help.
LocumsMart is excited to take this first small step with artificial intelligence. Bid Scoring will help everyone work more efficiently, while improving the quality and responsiveness of Bids. HCOs make better decisions more quickly, and the Vendors who pay the closest attention fill more jobs, creating a positive feedback loop that benefits all LocumsMart Members and ultimately results in more needs being filled.
Please reach out to us with any feedback or ideas for how to improve this feature or use artificial intelligence to create efficiencies in other areas of LocumsMart!