Cost Management

Cost management is critical. Balancing high-quality patient care with financial sustainability requires innovative solutions designed to optimize expenses while maintaining efficiency. Ringo VMS is a leading healthcare workforce management platform that empowers organizations to achieve this balance through advanced tools and strategies focused on cost containment and resource optimization.

Vendor Management

Ringo centralizes your vendor relationships in one seamless platform, providing transparency and control over staffing agency partnerships.

• Simplified Vendor Coordination: Eliminate redundancies and inefficiencies by consolidating all agency interactions.
• Lowest Vendor Fees in the Market: Enjoy cost savings with our vendor-neutral platform free from staffing firm ownership.

Rate Negotiation

With Ringo, your organization can negotiate rates confidently to ensure fair and competitive pricing for contract labor.

• Custom Rate Cards: Implement tailored rate structures that align with your budget and staffing needs.
• Market Insights: Leverage real-time data to benchmark rates against industry standards and optimize spending.

Cost-Per-Hour Analysis

Gain a clear understanding of your labor expenses with detailed cost-per-hour analytics.

• Actionable Insights: Identify inefficiencies and high-cost areas to implement targeted cost-reduction strategies.
• Enhanced Budgeting: Make data-driven decisions to allocate resources effectively.

Tailored Rate Cards

Ringo’s customizable rate cards allow healthcare organizations to control expenses with precision.

• Flexible Pricing Models: Adapt rate cards to specific roles, geographic locations, and facility needs.
• Standardized Costs: Streamline budgeting processes with uniform rate structures.

Ringo provides measurable financial benefits across key operational areas:

• 15% Reduction in Contract Labor Expenses: Lower your temporary labor costs while maintaining quality care.
• Save Up to $5M Annually: Customized rate cards help healthcare organizations achieve significant cost savings.
• 60% Administrative Burden Reduction: Save up to $300K annually by streamlining workforce management processes.
• 38% Decrease in Onboarding Time: Enable your workforce more quickly to reduce disruptions.
• 53% Faster Hire-to-Active Rates: Recover an average of $3.8M in lost revenue due to unfilled positions.
• 20% Annual Cost Savings: Improve your bottom line with visibility into workforce spending, saving up to $10M annually.
• As a 100% vendor-neutral platform, Ringo VMS prioritizes your organization’s needs without bias.

Ringo is the leader in healthcare workforce management, helping hospitals, clinics, and physician groups optimize staffing costs while enhancing patient care. Contact us today to discover how Ringo can transform your workforce management strategy and deliver significant cost savings.