C-Suite Guide to Mastering Healthcare Contingent Labor Management

During the pandemic, health systems saw the cost for contract nursing labor increase significantly. While these numbers have started to stabilize, new reports predict an even sharper wage increase over the next decade. Plus, excessive placement fees from talent agencies or MSPs can compound rising costs, while limiting your choice of candidates.  

How can you fill shifts with the best talent, reduce your reliance on agencies and traveling nurses, and contain – or even reduce – contract labor costs? With Hallmark, HR leaders can bypass agencies and their excessive commissions to find the right talent without overspending.

Today’s healthcare leaders are no stranger to nursing shortages. Between nurses retiring and others leaving the industry due to burnout, many health systems struggle daily to fill their clinical shifts.  A recent survey found 90% of hospital executives had concerns about contract labor in the next 10 years.

How can leaders reduce days-to-fill and vacancies? Leverage the power of Hallmark to regain direct control of labor spend while ensuring high quality candidates and increased speed to fill at lower costs. Or create an internal resource pool of trusted contract nurses to fill open shifts and work with the flexibility they desire. See how we’ve helped clients take back control of their contingent labor with our Vendor Management Solution or Internal Resource Pool solutions.