Inovalon Launches Agency Management to Streamline Healthcare Staffing
Inovalon, a leading provider of cloud-based software solutions in healthcare, has introduced Agency Management to help healthcare providers efficiently manage third-party staffing agencies alongside their in-house workforce. This new solution seamlessly integrates with Inovalon's Schedule Management software, offering comprehensive workflow and analytics to effectively manage staff schedules, attendance, and credentials. By identifying workforce gaps, streamlining external staffing requests, and strategically managing agency resources, providers can optimize operations and reduce administrative costs.
Addressing Staffing Shortages and Increased Demand
With staffing shortages exacerbated by the COVID-19 pandemic, many healthcare providers are relying on third-party staffing agencies to meet their workforce needs. Temporary staff have become critical resources, with agency usage expected to remain significantly higher than pre-pandemic levels. However, managing external staff can be time-consuming and costly. Inovalon's Agency Management solution aims to simplify this process, reducing administrative tasks and overall costs by up to 25%.
Efficient Staffing Management with Intuitive Technology
Agency Management leverages intuitive technology to simplify the management of agency organizations and individual employees for shifts. It improves connectivity between healthcare organizations and agencies, providing a comprehensive overview of available workers, schedule gaps, and historical staffing trends. This enables nurse managers, schedulers, and agency administrators to identify staffing priorities and ensure all shifts are adequately staffed.
In conclusion, Inovalon's Agency Management solution offers healthcare providers a streamlined approach to managing third-party staffing agencies. By optimizing staffing relationships, reducing administrative burden, and improving overall connectivity, providers can effectively meet their workforce needs while minimizing costs. This innovative solution addresses the challenges of staffing shortages and increased demand, ultimately improving operational efficiency in healthcare organizations.
Implications of Inovalon's Agency Management Launch for New Businesses
The launch of Inovalon's Agency Management solution could have significant implications for new businesses in the healthcare sector. This innovative software solution is designed to streamline the management of third-party staffing agencies, a critical resource for many healthcare providers grappling with staffing shortages exacerbated by the COVID-19 pandemic.
Optimizing Operations and Reducing Costs
For new businesses, the ability to optimize operations and reduce administrative costs is crucial for survival and growth. Inovalon's solution offers the potential to cut costs by up to 25% by simplifying the process of managing external staff. This could free up valuable resources for investment in other areas of the business, such as technology or patient care.
Adapting to Increased Demand
With agency usage expected to remain significantly higher than pre-pandemic levels, new businesses must adapt to this increased demand. Inovalon's solution provides a comprehensive overview of available workers, schedule gaps, and historical staffing trends, enabling businesses to identify staffing priorities and ensure all shifts are adequately staffed.
In conclusion, Inovalon's Agency Management solution could be a game-changer for new businesses in the healthcare sector, offering a streamlined approach to managing third-party staffing agencies, reducing administrative burden, and improving overall connectivity. By addressing the challenges of staffing shortages and increased demand, this solution could significantly improve operational efficiency and ultimately contribute to the success of new healthcare businesses.