From market volatility to rapidly increasing costs, CFOs face significant headwinds in 2024 as they look to create sustainable operations and resilient organizations. In healthcare, there are unique financial pressures that keep many CFOs up at night.
To combat these challenges, healthcare CFOs are looking to control costs and find a measure of stability that has eluded financial leaders over the past few years. Workforce management is at the heart of these efforts. By better understanding and managing clinical staff, organizations can not only survive but thrive in a difficult landscape. This level of success takes a new approach.
That’s where Venn comes in.
Data is the cornerstone of effective workforce optimization. By investing in a higher level of reporting, CFOs gain insight into operational efficiency and can better plan for immediate and future needs. Technology plays an important role in reporting. Venn’s innovative workflows and custom-built technology enable comprehensive data collection that is pulled into a scorecard and KPI reporting, allowing for more advanced analysis and informed, agile decision making.
With a better understanding of where we are, we can create new efficiencies that will have a lasting impact on the organization. On the locum tenens and contact staffing side of the business, managing all external staffing initiatives through a single program means less time spent searching for talent. When integrated with an internal staffing strategy, these initiatives create a holistic program that drives access, value and sustainability. Additional efficiencies come from consolidated billing, where Venn combines multiple transactions into a single invoice, allowing for a streamlined process while still providing transparency and savings.
With better data and new efficiencies, CFOs begin to realize cost savings. With Venn’s unified methodology and holistic market view, CFOs see a faster turnaround for open clinical positions, particularly in hard-to-fill specialty lines. Once contract clinicians are hired, Venn provides scheduling optimization services through innovative technology and workflows that help CFOs to maximize their resources, create flexibility and reduce vacancies. These cost savings are easily tracked through Venn’s technology platform, Kimedics, delivering rapid and sustainable ROI.
Managing the finances for a financial organization is a unique challenge. With a rapidly changing landscape and ever changing regulations, CFOs need a partner that can deliver efficiency and cost savings which will allow the organization to create sustainable pathways to deliver care. The right partner turns a CFO’s challenges into opportunities.
To learn more about how Venn can create a customized solution that aligns data-driven workflows with your operations, reach out to start a conversation.