An investment that makes finanical sense...

When healthcare executives think of locum tenens, what usually comes to mind is either “emergency need” or “enormous cost”. Certainly, when unforeseen staffing problems arise, it is a stressful time for all parties involved (administration, other providers who have to pick up the slack, etc.). However, we at All-Star Recruiting feel
that rather than using Locum Tenens in emergency situations only- the best way to maximize your return
on investment (ROI) when it comes to using temporary providers is to plan ahead whenever
possible.

If you have upcoming staffing needs due to vacations or sabbaticals, maternity leaves,
physicians retiring or leaving the community, or for any reason, the time to act is now.
By working with All-Star Recruiting and being proactive, we can get a jump start on credentialing
and billing-related paperwork to ensure a positive economic result. Ideally, we like to be as
involved as possible when it comes to making your physician/healthcare provider schedule so
we can understand your unique needs and to maximize your profitability.

When it comes to Locum Tenens ROI, a number of factors need to be considered:

1. How much is the current vacancy “costing” you?

• According to the latest MGMA data, the cost of not having a practicing physician in many specialties is significant to say the least (see details below).
• By using All-Star Recruiting Locum Tenen Providers to treat patients who might otherwise not have been seen (or who may have gone elsewhere), our clients can maintain revenue streams in the absence of permanent physicians.
• See below chart for the latest data based on the Weekly, Monthly, and Yearly costs of physician vacancies.

  2. Are you billing effectively for your Locum Tenens Providers?

• The reason that many healthcare entities feel “financial strain” when using Locum Tenens is due to not billing effectively for their services. All-Star Recruiting wants to be a part of the solution.
• While we are not a billing company, we work closely with our clients to ensure they are compensated correctly for cases our providers perform. Talk to one of our client specialists for more information.

Basically, this is how it works-  If you are looking to replace an absent physician, the good news is in most cases you can bill for the locum tenens services using the permanent doctor’s provider numbers if the locum tenens physician is filling in for a short period of time. If you are using a Locum Tenen Physician that isn’t replacing a permanent physician, then the ideal option is to credential the Locums Physician with your specific payor mix.

Regardless of what route is taken, it is clear that after looking at the numbers that using Locum Tenens makes financial sense more often than not when compared to the alternative. Furthermore, the numbers above do not even begin to tell the whole story of potential revenue lost- as the table does not take into account any revenue generated by other facets of the healthcare delivery (example: If an Orthopedic Surgery need isn’t addressed and cases are lost, so is the revenue from the anesthesia, tests, etc. that would of taken place).

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Bottom Line- In today’s competitive and saturated environment; no one can afford to lose revenue and reputation due to physician shortages. Community reputations in particular take years to earn and are tough to restore if lost. Don’t take that risk. We at All-Star Recruiting truly want to create a “win/win” scenario, so let us provide a cost-effective solution for your needs today. Start by clicking here.

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