Medely, a leading healthcare workforce management solution, has officially announced its expansion into seven new US markets.
According to certain reports, the stated expansion is intentioned to help the company solve critical labor shortages through optimized staffing efficiency, and reduced operational costs, thus addressing the growing demand for healthcare services in these key markets.
Making the stated expansion important would be Medely’s extensive research into the specific needs of medical facilities. You see, by leveraging that information, the company’s proprietary platform will seamlessly mitigate challenges, and therefore, cultivate immediate access to pre-vetted qualified independent professionals in real-time.
More on that would reveal how Medely’s Talent Marketplace also provides facilities a diverse pool of independent healthcare professionals, and that too, across multiple disciplines. This, in turn, goes on to reduce the administrative burden and cost typically associated with traditional staffing models. The platform’s intuitive interface, and real-time availability, also treads up a long distance to let facilities fill shifts faster with less overhead.
Apart from its Talent Marketplace, Medely also brings forth another solution i.e. Talent Fusion for its customers. Talent Fusion actually makes for a mechanism to manage internal talent pools, as well as fill per diem and longer-term shifts with one solution.
Now, when you place this solution alongside Medely’s marketplace, you can effectively achieve full visibility into their contingent labor data, including time tracking, credentialing, and vendor management, all accessible within a single solution.
Talent Fusion’s excellence in what it does can also be understood once you consider it is currently being used by the largest outpatient network in the country. The stated network would leverage this solution to analyze spend and usage across facilities, make data-driven decisions, increase revenue, along with managing its internal workforce and independent per diem talent.
“We’re incredibly excited to expand into these new markets, where we see a critical need for flexible, high-quality healthcare staffing solutions,” said Waleed Nasr, CEO and Founder of Medely. “We’re not only helping healthcare facilities meet immediate staffing needs, but also driving long-term equity by providing healthcare professionals with the freedom to choose their work schedules.”
Anyway, talk about the seven new markets in which Medely will operate moving forward, we begin from Nashville. You see, turning out to be a full-blown healthcare hub, Nashville has lately witnessed rise in outpatient care demand, something which is largely down to the city’s growing population.
In fact, if we put our stock in a 2021 study by the Tennessee Hospital Association, it revealed that Tennessee needed an estimated 15,700 more RNs to provide a national average level of care accounting for demographics, prevalence of disease, health risk factors, and socioeconomic factors within the state’s population.
Next up, we have Indianapolis. To contextualize why Medely picked the state, we must take into account a study conducted by Indiana Hospital Association, a study where it was claimed that Indiana would need 5,000 more nurses by 2031, equal to graduating an extra 1,300 nurses each year until that time.
Then, there is Charlotte, who can now serve its fast-growing population by deploying Medely’s Talent Marketplace to staff facilities with the right talent, ensuring high-quality patient care and reducing staff shortages.
The fourth new market that Medely is set to enter would be Columbus. You see, Columbus has lately seen a steep increase in nurse churn rates, with about 40% of nurses reporting significant unit turnover.
To understand the financial impact of this problem, we must take into account that each percent reduction in RN turnover can save hospitals an average of $262,500 annually according to data from NSI. In essence, by providing a streamlined, efficient way to fill shifts quickly and with quality professionals, Medely can play a significant role in helping hospitals reduce turnover-related costs.
Joining the mix up next would be Las Vegas, who made the cut because of its seasonal fluctuations and a dynamic population. For better understanding, we must take into account that in 2023, Las Vegas attracted approximately 40.83 million visitors, contributing to the demand for healthcare services.
As for the other two markets tapped by Medely, they include Portland and Kansas City.
