If you’re a hospital CEO, administrator, or Chief of Staff you are well aware of how much the hospital staffing landscape has evolved in just the past several years. Hospital staffing shortages have been a challenge since long before the COVID pandemic, but that “Perfect Storm” scenario served to bring the issue to a head and garner more attention in the process.
The Rise of Private Equity Hospital Staffing Firms
The unmet demand for hospital staff hasn’t gone unnoticed by prominent private equity interests forever looking to turn a profit from the lucrative medical services sector. The result is predictable, PE has poured millions into developing hospital staffing firms to supply hospitalists, travel nurses, and other professionals to meet the needs of hospitals from coast to coast.
The question is who is benefiting most from this arrangement? It’s not easy to find many people in hospital leadership who believe hospital staffing agencies are improving either quality of care or patient satisfaction scores. There aren’t many hospital CEOs or Chiefs of Staff satisfied with the cost of these services either.
Why isn’t there a better alternative to the giant PE-funded hospital staffing agencies that seem to be focused solely on their profits?
We’re happy to say there is — it’s called Open Source MD.
Open Source MD: The Solution to Your Hospital Staffing Woes
The physicians who founded Open Source MD saw the same problems first-hand. Quality of care is suffering in hospitals around the country. A major reason for this is the sub-par staffing model that relies heavily on locum tenens physicians to fill hospitalist roles and the unhelpful turnover of travel nurses and other critical staff.
The promised efficiencies and cost-savings rarely seem to materialize with these large industrialized firms. When they do, it’s often at the cost of patient care and satisfaction along with the morale of your hospital staff.
The fact is that PE-funded medical staffing agencies are no more concerned with patient care than they need to be. First and foremost, they are investment vehicles. Profit-generating machines without a vested interest in the future of your hospital. Who better to resolve this dilemma than physicians who understand what makes a successful hospital tick?
Why Open Source MD is a superior choice to typical staffing agencies:
- We are physician-founded and operated and have firsthand experience.
- With Open Source MD, physicians work for the hospital, not the agency.
- Our objective is to build a high-performance hospitalist service for you.
- We focus on long-term solutions and lasting relationships.
Proactive Improvement Instead of Compromise and Excuses
Would you like to stop simply reacting to hospital staffing challenges, putting out fires, and patching up long-standing problems with temporary solutions? What if you could direct more of your energy toward growing hospital revenue and building new capabilities and specialties? That’s what partnering with Open Source MD looks like.
An Open Source MD hospitalist service simply works better. In this arrangement, physicians work for the hospital — not us, unlike the usual hospital staffing arrangements. We facilitate a better physician-to-hospital relationship, we introduce more efficient and logical scheduling — we then stay out of your way so you and your staff can do what you do best.
Our philosophy is simple. We believe that building a better hospitalist service and streamlining staffing is the best way we can help your hospital achieve its goals. A rising tide lifts all boats.
How Open Source MD Improves Hospital Performance
In our view, the best hospitals succeed primarily because of their leadership and personnel. Excessive turnover of hospital staff. Poor communication. Divided loyalties introduced by typical third-party hospital staffing agencies all serve to undermine morale and patient care.
There is no upside to the relationship with your agency because the typical private equity-funded hospital staffing agency simply isn’t invested in your long-term success.
Open Source MD takes a different approach. It was designed to build enduring relationships between hospitals and physicians. We facilitate long-term relationships and manage matters in a way that benefits patients, the hospital, and its staff first. We’re not here just to fill our coffers. We are here to help hospitals perform better.
Open Source MD builds high-performance hospitalist services that deliver superior patient care, meaningful improvements to hospital revenue, and better physician morale.
Just some of what Open Source MD can do for your hospital:
- Reduce physician turnover and enhance morale
- Markedly improve the quality of patient care.
- Promote higher patient satisfaction scores.
- Provide smarter scheduling that avoids and reduces patient handoffs.
- Optimize clinical documentation which helps reduce denials and boost revenue.
- Boost hospital profitability through sustainable and scalable process improvements.
Optimizing Clinical Documentation to Eliminate Denials
Open Source MD can also help you with clinical documentation improvement. Working with our partner firm, we train your physicians to create much more concise and comprehensive clinical documentation. The result is optimal compliance and fewer denials. This improves patient care quality and supports the hospital’s revenue cycle.
The primary reason for denials is insufficient documentation. Together with our partners, Open Source MD gets your physicians up to speed so they can assemble clinical documentation that tells the patient’s story. Painting a detailed picture of a patient’s treatment history and the thought behind care decisions is the answer. This is how you overcome the denials that prevent you from providing the best care possible — and we’ll help your physicians master the skill.
The Way Forward in Hospital Staffing
If you have had enough of the one-sided relationship with your hospital staffing provider — we have solutions. Start using more of your energy to proactively develop your hospital instead of managing staffing headaches and falling short of your goals.
We’ve got physician staffing options that outperform the usual temporary and locum tenens arrangements across the board — and that’s only the beginning of what Open Source MD can do for you. Our unique clinical staffing model connects physicians to hospitals so they can build lasting relationships as partners.
Partner with Open Source MD and watch your patient satisfaction and revenue climb.
Please call us at 336-997-9840 or contact us online to learn more.
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