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Advancements in Staffing/Consulting Services

Explore the benefits of Vendor Management Solutions in healthcare, including cost savings, quality assurance, and efficient workflow management. Learn how VMS can optimize contingent labor procurement and enhance service processes.

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Advancements in Staffing/Consulting Services

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  1. Advancements in Staffing/Consulting Services

  2. Topics to be covered • Vendor Management Services • Group Purchasing Organizations • Remote Services

  3. Vendor Management Services • VMS VMS is an all-in-one, on-demand application that takes advantage of the internet to optimize the procurement and management of contingent labor and other external business services such as consulting projects. It gives your organization a secure, central platform and provides measurable results to all participants in the services procurement process, from buyers, to suppliers, to executive level decision makers. • Supplemental staffing in the healthcare arena, which is typically challenged with quality assurance, low fill ratios, and costly pitfalls. With direct cost savings of 10-15%, coupled with additional savings from improved workflow, the VMS concept is gaining popularity nationwide

  4. VMS cont. • How does the hospital benefit from VMS • Cost/Benefits Analysis of Vendor Management Solutions • Vendor Management Solutions can save enterprise customers 10-15% in hard-dollar savings and another 10-20% in soft-dollar savings. (Giga Information Group, 2001) • A strategic approach to contract labor can reduce overall spend from 10-30%. (Deloitte Consulting, 2001) • Vendor Management Solutions can reduce “maverick” spending costs by 50-95%. (Aberdeen Group, 2001) • Vendor Management Solutions can increase the number of jobs filled by 60%. (Aberdeen Group, 2001)

  5. VMS cont. • Those who should look into VMS Looking to control costs Control Quality of Providers Planning and reporting Compliance

  6. Hiring Mgr Approver VMS Team Workflow Management Procure Engage Pay Create Job Posting Activate Work Order (Automatic) Approve Time Distribute Job Posting Consolidated Invoice Plan Measure Submit Candidates Invoice Time & Expense Supplier Submit Time Worker

  7. Group Purchasing Organizations • Chesapeake Registry Affiliated with the Maryland Hospital Associations developed in response to member hospital concerns regarding the quality and availability of supplemental staff • Government Facilities GSA/IMAP/MATO/BPA

  8. Remote Services • Transcription • Telemedicine including Tele-Radiology • Remote Coding and Billing

  9. Questions Thank you

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