Smart Rates is an AI-powered tool designed to optimize healthcare staffing by dynamically adjusting hourly shift rates based on real-time market demand and historical performance data. This enables healthcare facilities to effectively control labor costs while ensuring adequate staffing levels to meet patient care needs. By automating the rate-setting process, Smart Rates reduces manual labor, increases efficiency, and ensures competitive rates to attract and retain flexible healthcare professionals.

Key Features

Real-time Rate Recommendations Provides up-to-the-minute suggestions for hourly shift rates.

• Based on market demand.
• Based on past performance.

Automated Rate Management Fully automates the process of adjusting rates based on various factors.

• Optimizes shift rates daily.
• Optimizes shift rates as shifts are created.

Customizable Outcomes Allows users to tailor AI algorithms to align with their specific staffing strategies.

• Manually adjustable.
• Maximizes staffing strategy.

Benefits

Increased Efficiency Reduces the manual effort required to manage and adjust shift rates.

• Frees up staff time.
• Minimizes wasted resources.

Cost Optimization Helps control labor costs while maintaining adequate staffing levels.

• Lowers average cost per shift.
• Reduces labor costs.

Faster Shift Fulfillment Speeds up the process of filling open shifts.

• Fills shifts faster.
• Optimizes shifts at posting.