Three Ways to Control Contingent Workforce Costs in a Challenging Environment
With Smart Square, 75 % of open shift hours are picked up more than two weeks ahead of the shift.
Developed to support centralized resource management, Smart Square ® provides staffing transparency across hospitals and health systems. This transparency lets you view your staffing levels and patient demand, allowing you to provide the right level of care across all your facilities . Smart Square allows you to manage your entire staff – contingent, permanent, internal resource pool, and gig workers – on an hourly basis to truly optimize your talent, allowing you to schedule the right resource in the right place at the right cost.
Manage Your Contingent Workforce Through Vendor Management Systems
Technology is essential for managing internal core and float resources, as well as external contingent labor. A vendor management system (VMS) simplifies managing internal and external resources through a single platform. With leading VMS solutions, organizations can manage hundreds of different labor specializations and multiple cost centers. A VMS can automate unique workflows and integrate with internal technologies, including multiple timekeeping, applicant tracking systems (ATS), HRIS systems, enterprise resource planning (ERP), accounting, and educational systems. Healthcare systems can leverage the technology to store credentials for all healthcare professionals and monitor for expiration dates, reducing the heavy administrative burden and the risk of clinicians working without the proper credentials.
Other benefits of a quality VMS include:
• Efficient – reduce time spent on hiring, staffing, and invoicing with an automated process
• Cost-effective – save administrative time and leverage efficiencies to stay on top of every spending detail
• Quality-focused – ensure candidates are compliant, reliable, and credentialed through profile matching and quality rating
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