Friday, November 13, 2009

Healthcare Vendor Management Company - Medefis Acquired by Private Equity Group Medefis, a technology vendor management provider to the healthcare staffing industry announced that they were acquired this week by a private equity group called Welsh, Carson, Anderson & Stowe. Medefis was started by three individuals who were former employees of the healthcare staffing agency Aureus in Omaha, Nebraska. Their approach to the market has been to deliver a light weight VMS solution whereby hospitals place open positions online and staffing agencies respond by submitting candidates. I've watched Medefis for several years and have always thought their model was interesting. I believe it has several pluses and minuses: The pluses: Light weight solution requires little to no training Quick process for sign up and adoption Low overhead and little maintenance for the application The minuses: Many staffing agencies complain about the model because there are no set rates and they have to bid on each position. Staffing agencies are billed directly by Medefis and there are many complications around the billing. For example: Medefis charges the bill rate (x) the number of weeks in the assignment. Call off and cancellation issues cause a lot of confusion when it's time for billing. When a hospital uses Medefis it's not the entire hospital. A single unit manager could be using Medefis. This reduces the value to the staffing agencies as well as the hospital and complicates things for everyone by introducing multiple systems. The Medefis system lacks several features such as credential screening and compliance. Recently they added time keeping an billing to...
Leveraging Human Capital Supply Chains in Healthcare Staffing Guest Post by: Tim Giehll - CEO, Bond Talent US and the co-author of “Human Capital Supply Chains." The Healthcare staffing industry has always had its ups and downs over the past few years and with revolutionary healthcare legislation on the horizon, it is hard to know how to plan for the future. Aside from the whole legislative uproar, we do know 3 important facts that the Healthcare staffing industry needs to prepare for, starting today: As the Baby Boomer Generation eventually retires (even though the recession has delayed some retirement plans), there will be a lot more elderly people for the us (society) to take care. The “supply” of doctors and nurses will not be able to keep up with the “demands” of this retiring BB generation. As we recruit and train more healthcare professionals, we also need to find new ways for the Healthcare industry to become MORE PRODUCTIVE!! For all the talk about electronic medical records, that alone will NOT be enough to rebalance our “supply” of healthcare professionals with the “demand” for healthcare services. This is where the concept of human capital supply chains comes into the picture to help save the day. Corporations have been building and optimizing manufacturing supply chains for over three decades. Companies like Dell and Wal-Mart are famous for leveraging supply chain management techniques and technologies to better streamline supply with demand. It’s time to refocus the Healthcare industry and apply the lessons learned from optimizing production lines to optimizing our...

Jason Lander

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