At this yr’s Healthcare Staffing Summit, hosted by Staffing Business Analysts (SIA), lots of of staffing leaders and tech consultants shared finest practices, concepts, and predictions about the place healthcare staffing is heading subsequent. One constant theme all through the occasion? We’re at a pivotal second for know-how to disrupt the healthcare staffing business. Utilizing platform know-how to draw and place suppliers is rising, which permits for far more automation and self-service for each suppliers and purchasers. The truth is, staffing platforms have 28% of the market share in healthcare staffing within the U.S. in 2022, in line with SIA.
Digital transformation is a high precedence for healthcare staffing corporations within the U.S., in line with the GRID 2023 Recruitment Business Tendencies Report. Whereas healthcare staffing corporations nonetheless worth recruiters and the human contact, they’re seeking to velocity up time to undergo win in a VMS and MSP atmosphere.
To decrease the time to submit, healthcare staffing corporations are automating and streamlining processes to allow them to maximize their time whereas making it straightforward for suppliers to work with them. Learn on to be taught extra about the best way to develop your VMS enterprise, why the candidate expertise continues to be paramount, and the best way to deal with compliance – doing extra with much less and discovering areas of progress with the restricted sources you’ve got.
Profitable in a VMS and MSP atmosphere
Offering an excellent expertise expertise and velocity to market are the keys to bettering MSP relationships. Lowering the time to submit is a significant focus to beat the competitors. To achieve this finish state, healthcare staffing corporations need to grow to be extra environment friendly at each step with VMS automations. This consists of automating the method of getting VMS jobs, lowering the trouble to supply high quality suppliers, and submitting candidates with credentials again to the VMS.
How are you aware what’s working and never working? You’ll find areas to enhance through the use of reporting and analytics. The truth is, in line with Bullhorn knowledge on healthcare prospects, these utilizing Bullhorn Analytics to measure and analyze their efficiency obtain a 45% increased common fill charge than these not monitoring their progress.
Candidate expertise continues to be paramount
Healthcare staffing is a people-first enterprise with a widely known, persistent scarcity of healthcare professionals. Healthcare job openings far exceed hires, and the doctor and nursing shortages are worsening with extra suppliers anticipated to go away the career and acute care settings. When nurses burning out, the highest trigger is an absence of non-public respect, adopted by a excessive workload. Nurses need to be handled with respect and really feel valued. In line with a 2023 SIA Journey Nurse Survey, main staffing corporations outperform in pay and trustworthiness, honesty, transparency, and high quality of communication.
To face out to suppliers, healthcare staffing corporations are utilizing know-how to effectively develop supplier loyalty whereas utilizing the human contact the place it issues most. 79% of healthcare professionals stopped working with a agency as a result of they weren’t positioned shortly sufficient, in line with Bullhorn’s 2023 Expertise Tendencies Studies, which options survey responses from healthcare employees in North America. And that survey confirmed 71% of healthcare candidates hope to be positioned in a job in 4 weeks or fewer.
That is the place AI and automation are available. You need to use these instruments to extend your groups’ efficiencies whereas elevating your candidate expertise. Coping with a restricted expertise pool, healthcare staffing corporations must take advantage of the relationships they have already got with suppliers. Whenever you exceed suppliers’ expectations, you’re additionally in a position to win extra MSP and VMS enterprise. It’s a win-win.
In line with Bullhorn knowledge on healthcare prospects:
Sustaining compliance with an ever-changing algorithm
It has gotten tougher to remain on high of ever-changing credential necessities that completely different states and services set – and these have to be met earlier than a supplier begins a brand new position. In line with NATHO, as of Summer time 2023, 20 states have licensing necessities and 5 states have reporting necessities. And issues hold altering, which lengthens the method and will increase prices.
How do you get clinicians to offer credentials on time when the necessities hold altering whereas preserving the carry gentle for you? Healthcare staffing corporations are on the lookout for know-how to streamline the credentialing course of and make it clear to suppliers what they should get them to begin work sooner. Getting quicker at credentialing improves your velocity to market to develop your VMS enterprise. “We’ve cleared much more folks on time through the use of the credentialing in Bullhorn and having the ability to get our vacationers to the purchasers rather a lot quicker than we initially mentioned they could possibly be there,” mentioned Cecilia Merrill, Director of Operations at CrossMed Healthcare. “In 5 months, we elevated our cleared charge from 79% of suppliers to 91%.”
A possibility forward
Regardless of the headwinds of this yr going into subsequent yr, there may be optimism in regards to the long-term progress alternatives within the healthcare staffing business. Demographics of who wants care and what sorts of care they want imply increased demand for healthcare companies over the approaching years with the ageing inhabitants and elevated persistent illness within the U.S. Coupled with a restricted provide of employees, this implies the persistent scarcity of certified employees places a premium on recruiting and retaining healthcare employees, which is a giant alternative for healthcare staffing corporations.
Prepared to maximise effectivity alongside the whole staffing workflow and win extra VMS enterprise? Find out how Bullhorn Healthcare could make a distinction in your healthcare staffing agency.
