Why Use a Managed Service Provider? Benefits for Your Organization

Today’s healthcare industry faces a perfect storm: an increasingly competitive staffing environment and unprecedented demand for high-quality patient care. For hospitals and healthcare systems trying to keep up, traditional staffing methods often fall short.

That’s where a Managed Services Provider (MSP) can make all the difference. In this post, we’ll explore how partnering with an MSP like GHR Healthcare can help streamline your workforce strategy, reduce costs, and ensure consistent, high-quality care delivery, no matter how complex the staffing challenge.

The Growing Need for Managed Service Providers in Workforce Management

Healthcare managed service providers (MSPs) offer staffing solutions for organizations building their workforce. Whether it’s staffing for nurses, allied health professionals, or health information technology experts, the role of an MSP is to consolidate sourcing, recruiting, screening, credentialing, onboarding, and compliance into one centralized operation.

On the backend, MSPs manage contracts from different vendors, support employees, and provide easy access to business intelligence and reporting. This real-time information can help you streamline operations, improve compliance, and reduce costs.

Across healthcare and other industries, the demand for MSPs is rising. Data from the Health Resources and Services Administration indicates that the demand for registered nurses alone will exceed supply by 9% by 2036, resulting in a shortfall of 300,000+ professionals. Predictions are similar for other healthcare roles. MSPs can solve this growing issue, ensuring continued excellence in patient care despite dire staffing shortages.

What Is a Managed Service Provider (MSP)?

In the healthcare sector, MSPs ensure facilities and organizations remain fully staffed by managing the entire administrative burden of your contingent and direct hire workforce.

Healthcare MSPs take care of recruitment and staffing to ensure the availability of talent meets high patient care demands. This service streamlines your workforce operations, offering an efficient and cost-effective solution for your logistical needs..

Many industries realize the benefits of managed services, including finance, manufacturing, retail, and technology. Like healthcare, businesses in these sectors often need to find professionals with highly specific skill sets to scale their workforces during peak seasons or for specialized projects.

MSPs allow healthcare businesses, in particular, to efficiently handle fluctuating workloads without sacrificing the quality of care.

How Does a Managed Service Provider Work?

Healthcare organizations are not the only party benefiting from outsourcing staffing to managed service providers. Here is how MSPs can benefit both employers and healthcare professionals.

For Healthcare Organizations & Employers

Managed service providers offer centralized management of healthcare staffing vendors. This ensures transparent and consolidated billing for increased cost control and efficiency.

Additionally, MSPs meet healthcare organizations’ IT needs with automated workforce tracking, business intelligence, and metrics for data-driven decision-making and assurance of results. Their credentialing and compliance management services reduce risks and ensure quality control.

For Job Seekers & Healthcare Professionals

MSPs work with a network of vendors who can offer access to more job opportunities right from a desktop. MSPs centralize staffing fulfillment so they can provide a streamlined application and placement process with one point of contact for support services, reducing confusion and legwork.

Those same staffing professionals know what employers look for and can offer support in career advancement and credentialing to ensure candidates remain competitive.

Key Benefits of Using a Managed Service Provider

Partnering with an MSP can promote efficiency, cost savings, and greater flexibility in your on-site or virtual healthcare organization.

Cost Savings & Budget Control

Though pricing varies, working with a healthcare MSP often costs less than hiring in-house. This is especially true when factoring in recruitment, credentialing, and onboarding. MSPs also ensure optimization for all vendor contracts to offer more competitive rates and help you understand upfront costs.

Improved Compliance & Risk Management

A managed service provider will employ robust cybersecurity measures in their IT systems to keep employee data safe and ensure all workers meet industry regulations and credentialing requirements. Unlike reactive models, MSPs take a proactive approach to minimize legal, compliance, and staffing risks. Instead, they are proactive about minimizing legal and compliance risks. This contributes to even more significant cost savings and preserves the integrity of your reputation.

Increased Workforce Efficiency & Productivity

In line with the digital transformation occurring in almost every industry, your managed service provider has access to cloud computing technology that can automate scheduling, time tracking, and payroll management, without needing a dedicated IT department.

This new technology eliminates administrative burdens, enables more proactive monitoring of workforce trends, and frees up time for more strategic work. This use of IT in healthcare also reduces delays in hiring and placement, ensuring you have staff to match patient demand year-round.

Access to a Larger Talent Pool

Why use a managed service provider? If you have been trying to expand your recruitment reach, MSP vendors can be a valuable resource. These vendors often have a network of pre-vetted healthcare professionals who have undergone an auditing process to ensure they have the right skills and attributes. This process and access also allow your MSP to match your organization with top talent for specialized roles.

Enhanced Scalability & Flexibility

Using an MSP allows your organization to quickly adapt to changing workforce demands, preventing vulnerabilities and downtime during a crisis, and helping with seasonal hiring initiatives. Your MSP will also be able to provide you with customized service-level agreements (SLAs) to meet your needs, including temporary, temp-to-hire, and direct-hire staffing solutions.

Common Misconceptions About Managed Service Providers

Often, there is a misconception that only large companies are implementing and benefitting from MSP partnerships. However, MSPs can offer a range of services that provide cost savings to organizations regardless of business model or size.

MSPs can provide small businesses easy access to a broad pool of skilled workers and niche talent with negotiated rates, creating more time to focus on core business functions.

Why use a managed service provider when you can hire staff on your own? Some also mistakenly believe that using an MSP is more expensive than hiring in-house.

Even with varied pricing models, MSPs offer cost savings through streamlined billing, reduced administrative burdens, and improved compliance and workforce efficiency. With the cost of in-house hiring currently at about three to four times the position’s salary, this can provide a significant financial boost.

Do you believe MSP healthcare staffing solutions are limited to temporary or contract employees? If so, you are not alone. The truth is that MSPs have access to a wide range of talent, including those primed for direct hire. Additionally, MSPs offer career support and credentialing to ensure candidates are ready for long-term employment.

Why Choose GHR Healthcare’s MSP Solutions?

GHR’s staff has specialized expertise in healthcare workforce management and is uniquely equipped to meet the needs of organizations in this field. Additionally, our help desk is open for around-the-clock career and IT support for clients and candidates, ensuring a high level of service with reasonable response times.

Eschewing the one-size-fits-all approach, GHR offers customizable solutions created with our end-user in mind and tailored to the particular requirements of healthcare businesses. Our long-term outlook has allowed us to build strong industry partnerships and a trusted reputation for troubleshooting issues and delivering on our promises.

Reap the Benefits of Partnering With GHR Healthcare

MSPs benefit healthcare organizations in many ways, including increased cost savings and workforce efficiency, enhanced flexibility, improved risk management, and access to larger talent pools. Regardless of the size of your business, GHR can help you find the right fit for each role while maintaining quality and compliance across your organization.

Learn more about staffing solutions with GHR and see how our services as a trusted healthcare managed service provider can help you provide the excellent care your patients require.