In the ever-evolving healthcare sector, facilities are grappling with the daunting task of managing their workforce efficiently. The hiring process often presents numerous challenges - from finding qualified professionals on short notice to ensuring compliance with legal regulations. This complexity intensifies for leaders within the post-acute and hospital system space, given their unique staffing needs and regulatory requirements. Amidst this landscape, a transformative solution is imperative to navigate these turbulent waters.
This is where ShiftMed’s on-demand staffing solutions come in. We have designed innovative and comprehensive workforce solutions to tackle staffing hurdles head-on. By leveraging our cutting-edge technology and an on-demand workforce marketplace, we are reshaping how healthcare facilities approach recruitment, staffing, and scheduling, offering an efficient, cost-effective, and streamlined hiring process. Stay tuned to explore how ShiftMed can bring about a paradigm shift in your facility's staffing strategy.
Understanding the Hiring Challenges in Healthcare
According to the World Health Organization, there will be a shortfall of 10 million healthcare workers by 2030 globally, particularly in post-acute and hospital systems, where the need for specialized professionals is high. These shortages can cause significant strain on existing staff, often leading to burnout, decreased job satisfaction, and, ultimately, high turnover rates.
High turnover is another critical concern for healthcare facilities. The National Healthcare Retention & RN Staffing Report stated that the average hospital turnover rate in 2020 was 17.8%. Frequent staff changes not only disrupt care continuity but also inflate costs due to recurring recruitment, onboarding, and training expenses. And the numbers haven’t improved significantly in more recent years.
These staffing challenges directly impact patient care and operational efficiency. Overworked and under-resourced staff can lead to errors, patient dissatisfaction, and lower quality of care. Operationally, high turnover and staffing shortages lead to increased costs, with the average cost of turnover for a bedside RN ranging from $28,400 to $51,700.
The complexities associated with these issues underscore the need for innovative solutions to streamline the healthcare hiring process. Efficient hiring can mitigate these challenges, improving patient care, staff satisfaction, and, ultimately, the bottom line.
ShiftMed's Workforce Ecosystem
At ShiftMed, we realize the critical role a capable and efficient healthcare workforce plays in the provisioning of high-quality care. Our technology-driven workforce solutions are designed to help healthcare facilities navigate the complexities of nurse staffing with ease. With our intuitive platform, you can build, maintain, and manage your healthcare workforce seamlessly, resulting in significant cost savings and improved shift fulfillment.
W-2 Healthcare Workforce: On-Demand Staffing at Your Fingertips
We offer an innovative W-2 healthcare workforce marketplace operating on an on-demand principle. Through this marketplace, you gain instant access to a pool of local, fully-credentialed healthcare professionals. These qualified individuals stand ready to fill your open shifts, ensuring your facility remains fully staffed and operational. Our healthcare professionals, being W-2 employees, are under our employment umbrella. This means that ShiftMed assumes all the responsibilities pertaining to employment liabilities and compliance requirements.
Platinum Workers: Reliable, Efficient, and Cost-Effective
With one of the highest arrival rates in the industry, our healthcare professionals are committed to showing up for their shifts, ensuring your facility operates smoothly. This reliability is further reinforced by our Platinum Rebate Program. Our Platinum Shifters regularly show up for shifts, but if they fail to show up for a claimed shift, we credit your facility for half of the claimed shift at the applicable hourly rate. This exemplifies our commitment to operational continuity.
Internal Resource Manager: Intelligent Staffing Decisions
ShiftMed's Internal Resource Manager is a testament to our commitment to infusing innovative AI technology into healthcare staffing management. This tool centralizes your workforce data, effectively providing a consolidated, real-time view of your staffing situation. The dashboard, powered by AI, suggests solutions for hard-to-fill shifts, addressing staffing gaps swiftly and efficiently. It uses predictive analytics to forecast potential staffing needs based on trends, patterns, and historical data, allowing proactive staffing decisions.
Simplifying & Streamlining the Credentialing Process
In an industry where the credibility of healthcare professionals directly impacts the quality of patient care, the process of verifying credentials, licenses, and certifications is critical. Enter MyShiftMed Credentials, a state-of-the-art product specifically designed by ShiftMed to simplify the credentialing process. Our state-compliant, high-capacity system enables your facility to hire fully-vetted healthcare professionals in an impressive average timeframe of 10 days.
By leveraging MyShiftMed Credentials, healthcare facilities can streamline their hiring process, significantly reducing contingent labor costs. With the meticulous verification process handled efficiently by our system and full-time staff, facilities can focus more on conversion rates and less on the arduous task of credentialing. The result is a more cost-effective and efficient hiring process that ensures the engagement of proficient and reliable healthcare professionals.
Embrace the Future of Hiring with ShiftMed
ShiftMed's On-Demand Staffing Solution presents a pioneering approach to streamlining healthcare hiring processes, addressing challenges such as high turnover rates and staff shortages. The integration of automated credential verification via MyShiftMed Credentials enhances hiring flexibility and operational efficiency. It allows healthcare leaders to reduce costs while ensuring a reliable workforce.
Explore the transformative potential of ShiftMed's staffing solutions. Experience firsthand how ShiftMed's technology-driven solutions can revolutionize your hiring process and optimize patient care delivery.