LCMC Health Sees $500K in Labor Savings with ShiftMed's On-Demand Workforce Technology

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Oct 23, 2024, 09:00 ET

Innovative Solution Boosts Recruitment Efforts and Reduces Costs by $300 per Shift at LCMC's West Jefferson Medical Center

MCLEAN, Va., Oct. 23, 2024 /PRNewswire/ -- ShiftMed, a leader in On Demand workforce technology, announced its successful partnership with New Orleans-based LCMC Health, resulting in over $500,000 in labor cost savings at West Jefferson Medical Center since January 2024. By leveraging ShiftMed's platform, the hospital saved over $500,000 through streamlined labor management and reduced reliance on costly travel nursing agencies.

Through ShiftMed's extensive network of credentialed healthcare professionals (HCPs), LCMC built an internal float pool of on-demand workers to support its staff. Since the platform's implementation, local nurses have been empowered to pick up per diem shifts at LCMC, giving them full control over their schedules. On average, ShiftMed nurses fill five shifts per month at LCMC, with 18% successfully transitioning to full-time employment, allowing the hospital to save on high onboarding and credentialing costs.

ShiftMed's technology also enabled LCMC to minimize the use of expensive travel nurse contracts, reducing labor costs by $300 per shift even during periods of low patient census. The platform's integration with West Jefferson Medical Center's existing HR and scheduling systems allowed the hospital to optimize staffing and provide a real-time view of workforce expenses, enabling more efficient labor management.

"Utilizing on-demand labor has enabled us to build a flexible, local workforce while cutting costs and improving nurse engagement," said Monica Bologna, CNO at West Jefferson Medical Center. "We've been able to not only reduce our reliance on travel nurses but also recruit on-demand nurses into full-time positions without paying buyout fees. This has helped us provide better care for our patients while minimizing costs."

"At ShiftMed, we are committed to helping health systems reduce costs while maintaining workforce flexibility," said Todd Walrath, CEO of ShiftMed. "Our platform has allowed LCMC to manage labor costs efficiently, enhance nurse retention, and streamline the recruitment process, ensuring consistent care coverage and improved staff satisfaction."

For more information about ShiftMed's healthcare workforce management solutions, please visit www.shiftmed.com.

About ShiftMed:
The ShiftMed Workforce Management Platform empowers healthcare facilities across all segments—from hospital systems and post-acute care centers to in-home providers—to reduce costs by optimizing shift fulfillment. By intelligently routing order flow to internal teams and on-demand float pools, ShiftMed minimizes contract labor and returns control of workforce spending to healthcare leaders. Seamlessly integrating with existing HR and scheduling systems, ShiftMed provides a comprehensive view of workforce expenses.

ShiftMed offers a suite of solutions tailored to meet specific needs. ShiftMed Flex equips internal staff with a custom-branded mobile app, enabling them to fill scheduling gaps and reduce overtime costs. ShiftMed On-Demand expands internal float teams, reducing reliance on travel and contract nurses. The ShiftMed Unlimited Network delivers unparalleled shift fulfillment through the world's first Digital MSP, ensuring consistent, high-quality care coverage. For more information, visit www.shiftmed.com.

SOURCE ShiftMed