Managed Service Provider (MSP)
What is a Managed Service Provider (MSP)?
An MSP specializes in managing workforce-related services used by facilities and other provider organizations, such as home health organizations. These services are specifically focused on aiding healthcare staffing by ensuring that clinical staff are always available and the staffing process is as efficient as possible.
MSPs help take on the task of workforce management, which can include time-intensive tasks such as payroll services, IC compliance, supply chain management, vendor management, and resource planning.
How do MSPs improve healthcare?
The labor market has made it harder than ever to recruit within the clinical workforce, which has led many providers to contingency staffing. However, sourcing, recruiting, and onboarding staff only intended for temporary stays can cost a lot of time and expenses. To meet these challenges, MSPs take on the burden of workforce management by having a pool of clinical workers available to interview, hire, and onboard.
Managed Service Providers can also help with:
- Process automation
- Regulatory compliance
- Flexible workforce solution
- Business intelligence
- Employee retention
By taking on a company’s time-consuming tasks and keeping them better organized and managed, the facility can better serve its clients, leading to more efficient and better healthcare.