![]() With Smart Rates, facilities have lowered labor costs by an average of 18% while optimizing staffing levels. Thanks to Smart Rates, health system partners including Henry Mayo Newhall Hospital and Gateways Hospital can ensure their facilities are fully staffed to meet patient demand. At CareRev, we are deploying data-driven insights to alleviate the burden on staffing managers as they lead the charge in bringing the best care to patients.” ![]() “By activating Smart Rates, facilities are able to price shifts at rates that make the most sense for both them and professionals in the local communities. “Smart Rates is a game changer in the healthcare industry,” said Steve Thompson, Head of Product at CareRev. Read: How AI NFTs Are Unlocking the Democratization of the Digital Economy In addition to Smart Rates’ comprehensive, automated process, staffing managers have the option to manually adjust shift rates to Smart Rates’ recommendations based on the current needs of the facility. Savings gathered from negative rate adjustments are reallocated to supplement the higher shift rates. In real time, Smart Rates monitors and adjusts shift rates between -10%, 0% and +10% of the facility-determined base rate to increase the likelihood of shift pick up. Shift rates are generated through AI-driven technology, measuring past performance of similar shift postings, market demand, and taking into consideration variables including pay rates in the region and at the facility, shift type (day, afternoon, night), length of shift, specialty and day of the week – planned to even incorporate the weather. Rate recommendations are calculated with a holistic view of a shift’s appeal to the talent pool of on-demand healthcare professionals. Within minutes, Smart Rates provides optimized rate recommendations for upcoming available shifts. The technology is mobilized when uploading shifts, so that staffing managers can fill shifts faster and eliminate the need to boost shift rates at the last minute. Fully integrated within the CareRev platform, Smart Rates provides facilities with automated, cost-effective and competitive rates to consistently engage qualified healthcare professionals in the local area. ![]() Latest Insights: Why Only AI and Data Analytics Can Stop Financial CriminalsĪs healthcare facilities continue to face staffing shortages and increasing labor costs, optimized shift rates recommended by Smart Rates allows facilities to meet the needs of their patient populations while also staying within budget. This allows health systems to take the guesswork out of shift rates to improve staffing management and fill more shifts in less time. CareRev’s Smart Rates draws from health systems’ economic, performance, and market data to automatically adjust wages on demand. ![]() To make your compliance certification, click on the "I agree" button below.CareRev, a leading technology platform that connects healthcare facilities with qualified local professionals announced the launch of the industry’s first artificial intelligence-based shift pricing system, Smart Rates. (3) provide a copy of the records to the individual as well as a summary of the individual’s rights under the FCRA (in the form attached as Appendix A) if any adverse action is to be taken based, in whole or part, on records obtained from Nursys. (2) not use the records obtained from Nursys in violation of any federal or state equal opportunity law or regulation and (1) comply with all FCRA notification and authorization requirements, including authorization to obtain periodically updated records, prior to obtaining any information from Nursys (B) To use such records for any purpose, including the evaluation of anyone for employment, you must also certify that you will: If you are a nurse, you may enroll your license(s) for self-monitoring and license expiration reminders. (A) You will seek Nursys records (i) as an employer, only on nurses employed by you, assigned to you as temporary staff from a third-party staffing vendor and/or applying for employment with you or the third-party staffing vendor (ii) as an emergency response organization, only on nurses listed on your nurse registry to update their licensure status (iii) as a credentialing service, only on nurses employed by your customer or (iv) as an education provider, only on nurses who are enrolled in your nursing program. ![]() To access and obtain information from the Nursys nurse licensure and disciplinary database, you must certify your compliance with the Fair Credit Reporting Act ("FCRA") and the following terms and conditions EMPLOYER CERTIFICATION OF COMPLIANCE WITH THE FAIR CREDIT REPORTING ACT AND QUICKCONFIRM LICENSE VERIFICATION TERMS AND CONDITIONS ![]()
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