Healthcare Organizations around the country are tightening their belts. There are several reasons for this, as well as countless ways that these organizations are finding ways to cut costs.
VMS and MSP software have proven results for these organizations. LocumsMart’s vendor-neutral platform provides access to dozens of recruiting agencies for any search, dramatically saving time and money on the locum tenens procurement process. LocumsMart offers cost-saving benefits in a few different ways.
Competition keeps rates down
LocumsMart has over 60 different Vendors on its platform, so you know you’re always getting the lowest rate available. On average, Assignment Requests each receive nearly four different bids. Vendors know they have to be cautious about their margins because of that competition.
Data helps you make future decisions
Because LocumsMart allows HCOs to work through the entire process within the platform, it can offer a wide range of data about how your organization is using locum tenens. LocumsMart can produce detailed KPI reports from this data, allowing organizations to forecast and plan for future temporary and permanent recruitment efforts.
Efficiency lowers labor costs
LocumsMart speeds up the procurement process. When an HCO opens an Assignment Request, it typically receives the first bid from a Vendor in under three hours. The entire process is done electronically, eliminating the need for time-consuming phone calls, e-mails and paperwork.
The industry standard fill rate for locum tenens is 35 percent. LocumsMart users, however, fill 70 percent of their open positions.