Experts estimate that over 80% of businesses utilize a vendor management system (VMS) in some capacity, while only 71% of healthcare facilities use it. However, given the fact that around 90% of healthcare facilities utilize contingent labor, which has seen vast increases in reliance over the last few years, it may come as a surprise that more systems don't take advantage of a VMS.
The past few years have seen a large increase in the utilization of contingent workers. In fact, it's estimated that "the global contingent workforce industry generated $171.5 trillion in 2021 and is estimated to reach $465.2 trillion by 2031." In the healthcare space, around 90% of healthcare executives said they employ travel nurses within their organization in 2021.
Talent Acquisition Optimization: A Progressive and Innovative Solution to Combating the Uncertainty of the Clinical Staffing Trends
The Pandemic swept the nation and revealed the extreme pressures placed on our country's healthcare delivery system. Healthcare provider organizations face a highly competitive market due to chronic labor shortages and burnt-out medical workers. Additionally, inflation and unsustainable market rates that have yet to stabilize are making for the perfect storm. As a result, hospitals are being forced to find solutions that are both progressive and innovative to combat this clinical staffing dynamic. Healthcare organizations must address labor shortages with more creativity and business intelligence than before the Pandemic to operate in the black.
Healthcare Workforce Logistics (HWL) Awarded Technology and Workforce Management Services Agreement with Conductiv
HWL’s agile solution, design, and delivery capabilities help clients navigate both turnkey and end-to-end enterprise solutions tailored to each of the client's unique requirements.
ABOUT AUGUSTA UNIVERSITY HEALTH MEDICAL CENTER
Located along Georgia’s border with South Carolina, Augusta University Health Medical Center (AUH) is a 520-bed tertiary hospital and ACS-verified Level I trauma center serving patients from over 13 counties across the State of Georgia. As the region’s only academic hospital, AUH conducts leading-edge clinical research and gives patients access to treatments not available elsewhere in the region.
Since the beginning of the pandemic, HWL has helped organizations across the country stay on top of cost-effective staffing needs in order to manage surges in necessary care. One particular place we managed to see great success is in Georgia.
It's no secret that the COVID-19 pandemic created unforeseen challenges and has forced every industry to innovate and adapt in order to survive; and the healthcare industry is certainly not an exception. Medical facilities have altered procedures and created new policies in order to accommodate massive influxes of patients and improve patient outcomes — but it certainly hasn't been easy, and there are still some common pain points that many organizations still deal with.
Healthcare Workforce Logistics (HWL) partnered with Georgia Emergency Management and Homeland Security Agency (GEMA/HS) to provide a full-service Vaccination Staffing Program with a scalable platform designed for speed to delivery.
The pandemic has dramatically altered the relationship between price and demand related to healthcare staffing. Concurrently, health systems are facing mounting financial pressures and limited resources, preventing the ability to conduct the necessary and objective market rate analysis. This is where HWL excels, providing a vendor-neutral model that achieves competitive sourcing and rate negotiation while also offering full transparency into contingent labor costs. As mass vaccination sites continue to roll out nationwide, now is the time to explore vendor-neutral managed service providers (MSPs) and move away from supplier-driven MSPs that prioritize their own margin preservation.
COVID-19 has accelerated the digitalization of the hiring process. With increased emphasis on removing friction in regard to talent acquisition, streamlining the onboarding process to keep costs down, fill rates up, and the quality of staff consistent—this year technology and automation are even more important.