Are you turning away locum tenens request?
Are you tossing locum candidates that may be worth $$ as our locum program builds
Did you know that when a client orders a locum tenen candidate from a locum
company they are very likely engaging that company to do a perm search
or at least agreeing to take a call from their permanent recruitment division?
Did you know that most of your clients use locums from time to time?
The locum tenens market in the US was $2.7B in 2009 and is now approaching
$4B. 1% of $4B is $40,000,000. Just 1%.........
Growth Rate (Compound annual growth rate, or CAGR, is the mean annual growth
rate of an investment over a specified period of time longer than one
year. It represents one of the most accurate ways to calculate and determine
returns for individual assets, investment portfolios and anything that
can rise or fall in value over time. (CAGR 2015) indicates that in the
Healthcare spending trends the CAGR is up for $3B in 2014 to $6B projected
in 2022. Healthcare staffing expansion is accelerating as well. In 2009
the locum market was between $2B and $4B and exceeded $5B in 2016. (Harris
Williams and Associates healthcare market overview 2017)
The aging U.S. population is expected to drive increased demand for healthcare
services, specifically in acute care environments. Americans over 65 are
expected to grow from 40 million in 2010 to 73 million in 2030. Increased
elderly population will drive healthcare utilization, as this population
is more susceptible to diseases and physical ailments that require acute
care. ? According to IMS Health, nearly 90% of seniors have one chronic
condition and 70% have multiple conditions ? Elderly Americans are three
times more likely to have a hospital stay in a given year, and once admitted,
the average length of hospital stay is longer than for other age groups.
The physician average age is keeping pace with the general population
and there are shortages in all specialties as less university graduates
opt for a career in Medicine.
NLS is a locum tenens management organization owned and operated by Bill Frey.
When you get your client interested in giving you a locum order the following
is what we here at NLS do.
- Assist Client in identifying real need and creating order profile
- Negotiates terms of contract
- Assist in sourcing the candidate if needed
- Suggesting marketing options like postcards
- Presenting candidate
- Keeping candidate in play during approval process
- Gaining commitment from candidate after client approves
- Background check of candidate
- Credentialing the candidate
- Assisting candidate in securing a locum license in state
- Negotiating terms of candidate contract, stipend and expenses
- Quality Assurance during assignment and evaluation post assignment
- Paying the candidate
- Provides medical malpractice coverage
- Maintains candidate credentials for future placement
- Mail you a check
"Our mission is to provide training, tools and ongoing support to
members of The National Coalition of Healthcare Recruiters encouraging
and empowering them to capture a percentage of this enormous market"
Please take my upcoming call from area code 304 or email me with a time
you would like me to call you.
Set an appointment to speak with Bill