In the ever-evolving healthcare sector, the demand for contract labor is surging. This trend drives hospitals and healthcare facilities to adopt a workforce management platform supporting your total labor solutions. A workforce management platform isn't just a tool—it's a strategic technology that can help optimize workforce management and control costs. Here's a closer look at the three most common contract labor partnerships and why integrating a workforce management platform is crucial.
Direct Contract
Direct contracts are traditional relationships between healthcare organizations and staffing agencies. Typically transactional, communication often occurs via email, and organizations may juggle multiple agencies, each with its own terms, conditions, and billing rates. This fragmented approach can lead to inefficiencies and increased costs. By leveraging a workforce management platform, you gain control and transparency, allowing you to drive your business more effectively.
Vendor Management System (VMS)
A VMS centralizes the contract labor process, providing a comprehensive view of every dollar spent. Healthcare organizations can negotiate terms directly with agencies or streamline agreements within the VMS. This ensures compliant and consistent practices, giving you full transparency and control over your labor costs. This system enables your organization to efficiently manage and administer the entire program, aligning with your strategic goals.
Managed Service Program (MSP)
A flexible Managed Service Program is where you can either run the program yourself or partner with a workforce management platform to leverage their technology and expertise. MSP services include administration, fulfillment, consulting, and market intelligence. With Ringo, you receive rate analysis, market demand trends, and workforce strategy planning, helping you optimize costs and manage utilization effectively. Unlike staffing company-owned MSPs, Ringo is solely focused on growing your business and reducing staffing costs.
The Rising Demand for Contract Labor in Healthcare
The increased reliance on contract labor in healthcare is fueled by the demand for flexibility and specialized expertise. Building a trusted relationship with your workforce management platform is crucial to ensuring your strategy adapts to these evolving needs, offering sustainable, long-term solutions.
As contract labor continues to rise, it's essential to collaborate with a provider who can expertly manage the complex compliance requirements of contractors. Partnering with highly vetted organizations like NALTO can establish your commitment to high ethical standards and adherence to industry regulations, ensuring best practices.
Your Strategic Workforce Partner
By leveraging your workforce management platform as a strategic partner, rather than a transactional tool, you can maximize your relationship. According to Staffing Industry Analysts (SIA), a strategic alignment with your VMS and MSP provider should be a mutually beneficial relationship, that encourages cooperation and success.
At Ringo, our partnership approach ensures alignment on cost savings, workforce optimization, and quality care. The Ringo Proven Process begins by assessing your current delivery model, offering best practice recommendations, and delivering weekly and quarterly business reviews to optimize your workforce strategy.
Ringo partners with over 200 staffing agencies, providing insights into the talent landscape while aligning on strategic objectives. Ringo is committed to supporting your pursuit of excellence in healthcare, ensuring a flexible workforce, and delivering significant cost savings.
Partner with Ringo as your strategic workforce ally and propel your healthcare organization toward a thriving future.
