Agency Staffing is a high-cost line item and all hospitals strive to better
utilize their resource pool staff and decrease their spend on temp labor. The goal
of Favorite Managed Services is to help you contain the cost of contingent staffing
by managing these costs strategically and effectively.
. Agency Staffing is a high-cost line item
and all hospitals strive to better utilize their resource pool staff and decrease
their spend on temp labor. The goal of Favorite Managed Services is to help you
contain the cost of contingent staffing by managing these costs strategically and
effectively.
Favorite begins the process by strategically examining your contingent staffing
through an in-depth analysis. Through this step alone, most clients realize savings
in their use of agency staffing in as little as six months. The graph below illustrates
one FMS client's savings and increased effectiveness in just one year.
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By benchmarking your staffing trends and lead indicators, Favorite can help you
predict, plan, and manage your expenditures effectively.
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Analysis and review of your specific patterns and expenditures to identify when
and where to expect your contingent staffing needs can yield both hard and soft
cost savings.
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Favorite Managed Services eliminates the multiple invoicing and reconciliation process.
Instead of passing from desk-to-desk, the FMS invoicing offers an electronic invoice
complete with scanned timesheet reconciliation � all on a single secure web page.
As an FMS client, all your vendors can bill and upload through Favorite�s system,
providing complete visibility of your entire spend, as well as the areas utilizing
contingent staff. This allows you to set specific metrics goals and customized usage
benchmarks to strategically manage and contain costs.
