Shaken & Stirred - Influential Brand Profiling and Positioning

5 reasons why nurses love vendor management systems

Vendor management systems can benefit everyone across healthcare work forces from scheduling to simple management.

As a healthcare provider, you may be grappling with staffing issues like filling vacant positions and shifts. You may also be carrying out these processes using manual inefficient scheduling procedures and redundant staffing efforts that give you the wrong candidates.

The cost of deploying the wrong supplemental staff or leaving a shift unfilled can add up quickly. This will lower the quality of the services offered.

The concerns attached to compliance and credential issues are considerable – reporting, administrative tasks, and billing eat into time that would get spent on patient care. The solution to this is to use a vendor management system that ensures you get the right employees at the right time.

Vendor management systems can benefit everyone across healthcare work forces from scheduling to simple management. Here are some benefits of this system: 

  1. Insight into the Performance of the Vendor 

As an employer, you need to get some insight into how your suppliers are performing. This may seem to be a very complex and unnecessary undertaking. However, if you are considering reducing the number of vendors without compromising candidates’ quality, you might find it necessary.

Eliminating a vendor requires that you have solid reasons to do so. Instinct has no room here. A VMS has all the information about your vendors and it uses very clear reports. It means you’ll have an easy time checking what your vendors are up to, and whether they are sticking to the price agreements you previously entered into or they are deviating.

By using turnaround times and offer ratios, you’ll have more control over the qualitative and quantitative agreements you make. This data is crucial when it comes to making decisions about your vendors.

  1. Vendor Management Systems Integrate with the IT Landscape 

Integrating your hiring process with your existing Enterprise Resource Planning (ERP) systems is a complex process. Purchasing has a tight process that the IT department may be skeptical about implementing. The result is that the procurement and the hiring process are usually kept apart.

However, VMS makes it easy to integrate the two functions because VMS itself is already a part of your IT system.

  1. Optimization of the Administrative Processes 

Declaration of good behavior, identity paperwork, health insurance documents, and curriculum vitae are just a few of the many documents that each candidate may need. These documents are rarely held at a central place in an organization.

You’ll notice that these documents get scattered around different departments in the organization. Some will be on servers, in mailboxes, while others will be in hard copies in different offices.

From a privacy and compliance standpoint, all documents belonging to or concerning a candidate needs to be at a central place. This is what VMS does.  With VMS, documents are usually stored at a central location with the permission of the candidate.

VMS checks the validity of all these documents using digital signature software. Also, the signing of documents gets assured within vendor management systems to ensure real-time staffing. From the VMS, the candidates can request a set of documents when taking up or applying for a job.

The management can also view all the candidate’s documents from this central location.

  1. Control over the Hiring Process 

Whenever you have a job opening, a manager in your organization will usually forward the applications in the mail.

Vendors will also send the candidates directly to this manager. As you can see, this process does not include the hiring desk, and the candidates who get hired will not get registered in the system.

Additionally, wrong price agreements may end up getting used and purchase order numbers omitted, meaning that the billing will have some errors. This is a simple generalization but it somehow reflects what usually takes place in the hiring process which makes it look like a black box.

This is where VMS comes in. By using VMS, everyone involved in the application process will get to know the status of each application, and each step in the hiring process will be transparent.

This means you’ll have no surprises at the end because you’ll be able to monitor the entire process from a single platform.  Because modern suppliers also use the same VMS functionality, they will also be an integral part of the hiring process.

  1. Assurance of Contract Agreements 

When you have to hire a large number of external employees, it will become almost impossible to manage their diverse price agreements. Even if you have enough healthcare workforce to check all these agreements, you may not have the same manpower to manually carry out checks during the recruitment process which only involve a few members of staff.

More often than not, this will result in incorrect billing by suppliers. It will also bring much frustration to the financial department that has to make adjustments upon detection of errors.

With VMS, all price agreements get made and get assured within the system. Since the data entered can get viewed by the employer and the vendor, it’s accuracy can get verified at the time of entry and the prices agreed will be applied automatically while the contract gets drawn up.

Furthermore, the management of all price agreements gets done centrally, meaning the errors in the purchase process will get minimized because it will get controlled by the agreements made.

For more on VMS, you can visit this link.

Vendor Management Systems Have More to Offer 

Using an automated system saves a lot of time. Whenever the need for a new staff arises, you’ll not have to reach for each vendor to find out what they have. The vendor management systems usually broadcast vacancies to all vendors and then returns a list of qualified candidates who are already vetted.

A VMS also consolidates invoices and automates time card approval. All these save time. VMS controls costs. Using this system, you can negotiate for better rates because you’ll have all the information about vendors at your fingertips.

The transparency exhibited by VMS also ensures all spending gets monitored to ensure it complies with the budget. If you are interested in business, technology, digital marketing, and entertainment news, you can visit this blog.