Successful organizations use permanent staff, contingent labor, and workforce technologies to strengthen their clinical workforce and care delivery. We'll help you optimize a critical part of your contingent workforce strategy by making locum tenens a revenue driver.
It all comes down to payer enrollment and consistent billing processes. With the average physician generating millions in annual revenue, getting a locum into an unfilled position stems losses and gets revenue flowing.
*Days to fill position based on AAPPR 2024 Benchmarking Report
**Locums utilization based on State of Locums 2024 report
Analyzing multiple clearinghouses allowed us to see how many gross billable dollars were submitted to insurance payers for our locums providers on behalf of the health systems that utilized them. We found our best-in-class HCOs are seeing an 8x return on investment for every dollar spent on locums coverage.
It's easy to visualize the positive impact of locums on your bottom line. Simply select a specialty from the list below and you'll see the typical costs, as well as revenue generated, from a single day of coverage.
*Actual claims data for CHG Healthcare providers. Aggregated from 73% of all claims data in the U.S., leveraged with a blend of commercial, CMS, and proprietary claims data from multiple payers and clearing houses. Compiled quarterly, with a six- to nine-month lag.
Note: Data is directional. Claims represent actual provider billings and not reimbursement (hospital collection). Reimbursement or payer mix will vary for specific hospitals.
Strategically using and billing for locums helps you maximize your system's key revenue driver — physicians. In addition to revenue collected by billing for our locums, here are six other ways they can add money to your organization and support your cost-containment strategy:
Let’s work together to find lasting solutions that maintain your high standard of care and provide a boost to your financial health.
Our Advisory Services team has more than 40 years of clinical workforce design experience. They start by listening to your insights and challenges, and then collaborate on developing the right solutions.