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Importance of Clean Data to Contain Agency Spend

Access to the right data at the right time is essential to containing agency spend and meeting increased healthcare demands. Accurate or ‘clean’ data ensures health systems don’t fly blind—providing leverage for vendor negotiations, rapid staffing fulfillment, and additional cost management activities. For every expense category in the hospital, you rely on data. Data drives most decisions about spending and yet when it comes to contingent labor costs, often organizations don’t have a clear picture. Wouldn’t you like the same level of control and insight into agency spending that you have with other operational expenditures? 

 

Healthcare Workforce Logistics (HWL) provides just that, unprecedented visibility into agency spend. Our vendor management system (VMS) streamlines and standardizes the management of contingent workers across the healthcare organization to maximize cost savings and productivity. We provide a depth and breadth of data that you’re accustomed to with other categories of hospital spending.

 

The Value of Clean Data

The value of clean data is that it allows you to respond in real-time and to pivot operations or redirect recruitment resources as needed. With clean data, you know what you’re spending, where you’re spending, how you’re spending and insights into agency performance. An optimal patient experience begins with data-driven care.

Clean Data Will Help You:

  • Develop and strengthen your staffing process
  • Avoid any compliance issues 
  • Ensure that you have a single view into contingent labor
  • Boost department efficiency by saving recruiter and hiring manager time
  • Reduce wasted budget spend resulting in increased ROI
  • Make more accurate data-driven decisions 

 

Don’t Negotiate with Existing Agencies

Agency Managed Service Provider (MSP) reports may not be transparent and the rates offered may not  reflect recent shifts in the market that favor organizations. HWL’s model is both nimble and transparent. Our vendor-neutral and market-driven approach is guaranteed to provide the lowest market-responsive rates every time with the ability to flex rates up and down. You can gain visibility into who's working where, how work is progressing, and total vendor spend with HWL’s customized real-time reporting.

 

Robust Data Analytics & Insight Into Agency Spend

HWL provides a dynamic sourcing process that combines market-based pricing analysis, proprietary real-time market demand data, and unique insight into agency delivery capabilities. Our real-time reporting dashboards are created and delivered to key stakeholders for an instant view into contingent labor spending. Agency performance is then benchmarked and cross-referenced against KPI’s ensuring a high-performing supplier panel. 

In addition, our advanced proprietary VMS has customized workflows for all disciplines, and the ability to optimize utilization of internal resources reducing dependency on outside agencies.

 

Vendor-Neutral Approach

The vendor-neutral model encompasses standardization, non-proprietary design principles and unbiased business practices. HWL’s vendor-neutral approach creates an open-marketplace for agencies to compete with each other — delivering the most qualified professionals, reducing time-to-fill and ensuring the best match for the healthcare employer. 

 

Benefits of HWL’s Technology

  1. Easier to find staff from more agencies 
  2. Greater competition for your business 
  3. Greater transparency into screening and onboarding process
  4. Efficiency gains for all parties including agencies
  5. Lower costs through open ecosystem bidding model
  6. Improved visibility into costs and utilization categorized by facility, agency, staff  type, etc.

Broaden your reach so you have more choice, lower costs, and more competition. 

 

Take Control Over Agency Spend

It’s a new world we’re living in. If you want to have a better understanding of your total vendor spend and need assistance navigating the waters ahead, contact us for more information on our talent management technology. Learn how we can assist your hospital system in obtaining cleaner reporting with HWL technology.

July 30, 2020/By Jeff Niles
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Author: Jeff Niles

Jeff is Vice President of Sales for Healthcare Workforce Logistics and has been in healthcare contingent workforce management for over 15 years. Jeff has led sales, implementation, and client services to some of the largest and most influential healthcare providers with technology and solutions installed in over 3,000 hospitals in 50 states and the UK. Jeff is inspired to work with transformational leaders that have a vision to achieve the highest levels of efficiency, transparency, compliance, quality and cost savings. Contact Jeff at jniles@hwlmsp.com OR 630-913-6629
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