How MedSquirrels can be a great solution for your healthcare staffing challenges?
If you ask, “What is the biggest challenge confronted by healthcare staffing today?”? We would say that many healthcare facilities are grappling with a staffing crisis. From burnt-out nurses to vacant critical positions like ICU RNs, Pediatric Nurses, Operating Room nurses, surgical technologists, etc., it feels like an uphill battle for the facilities. This often leads to overworked staff and appointment delays, ultimately compelling facilities to seek contract healthcare staff by working with specialized healthcare staffing agencies.?
The challenge with these agencies is the cost. When hospitals work with healthcare staffing agencies, these staffing agencies charge over 50% of what clinicians are paid due to their extensive operational expenses and reliance on a service model, which necessitates hiring significant internal talent. Additionally, large hospital systems often work with multiple agencies managed by an MSP, adding an extra 5 to 6.5% cost to the bill.
But there is hope! MedSquirrels is an innovative platform that takes care of your contract staffing needs leveraging technology and AI with every step of the hiring process automated to save costs. In this blog, we will explore how MedSquirrels can become your long-term partner in navigating the complexities of healthcare staffing, ensuring you have the right talent, exactly when you need it.
Five reasons why MedSquirrels is entrusted by top healthcare facilities
1. Cost savings with transparent pricing
MedSquirrels eliminates high commission fees charged by traditional staffing agencies, which often range between 30%-50% of a provider’s pay. In addition some large hospitals work with multiple staffing agencies to encourage competition and they use an MSP to manage these staffing agencies which incurs additional cost. With MedSquirrels there will not be any MSP fee.
Instead, your facility only needs to pay a flat license fee to avail our healthcare staffing solutions.
2. Risk mitigation
When working through an MSP and staffing agency, compliance issues might occur as things might get lost in translation because of the multiple layers involved. A contracted clinician once started, might have some of their credentials expired and there might not be a timely response to take care of these compliances as most of the compliance monitoring is manual. When working with MedSquirrels, the credentialing process is streamlined and we have custom platform built to track the expiry of the credentials.
3. Interactive Platform
MedSquirrels offers an unique platform with an interactive dashboard that your facilities can utilize to get comprehensive insights on everything related to the workforce hired. This platform manages employee-related information and streamlines administrative tasks ranging from work schedules to leave utilization and everything in between.
With this feature, the shift of the clinician on leave can be adjusted by employing other substitutes automatically with efficient tracking of their shift schedules. The dashboard is easy to navigate and delivers a first-line analysis of the employee data for effortless tracking.
4. Attract top talent at a competitive salary
Top talent can be attracted when a competitive salary aligned with industry standards is offered. With multiple intermediaries, a significant share of the pay gets rationed to these middlemen. Consequently, the actual compensation received by the clinicians often falls below the industry benchmarks, draining interest in contract roles. MedSquirrel's flat fee-based approach eliminates the inefficiencies associated with multiple layers while fostering trust and fairness in the compensation process.?
The MedSquirrels platform has automated features for resume screening and curating job descriptions. Moreover, credentialing and compliance management are done effectively by the platform thus, reducing risks associated with recruitments. Optimal scheduling based on the staff capacity by utilizing data from the timesheet is another feature that enhances the employee experience. Hence, MedSquirrels ensures that the talent hired gets a great work environment. This will aid in attracting a talented workforce and improve workforce retention, leading to better patient care.
5. Three unique plans to choose from
MedSquirrels distinguishes itself from traditional staffing models by proposing three unique plans to meet your medical facility's requirements. In addition to the standard recruitment and payrolling package (Orange plan), MedSquirrels furnishes a specialized payrolling-only option (Purple plan), recognizing the complexity of payrolling for the facilities. You can also opt for our recruitment-only Blue plan where you can save 50% of your overall cost compared to the traditional staffing agencies where the charge per hire is nearly 20% of the candidates pay. All these plans have a flat fee and there are no additional or hidden charges, ensuring a more cost-effective staffing solution. Know more about our different plans here.
Final take
MedSquirrels is an all-in-one SaaS platform that eliminates multiple entities involved in the recruitment process allowing facilities to evade huge markup fees levied by traditional staffing agencies. Because our process is different from staffing agencies, MedSquirrels takes care of everything – Find + Interview +Credential +Onboard + Payroll. We use cutting-edge technology with artificial intelligence to ensure a smooth process. Schedule a demo today to learn more about how our all-in-one HR platform can help you hire providers in no time!