Of this 71%, 54% of them use an MSP, while 17% use stand-alone VMS technology managed internally by their HR team. 71% of all healthcare facilities utilize an MSP or VMS to help manage their external workforce. WeРІР‚в„ўll get into the details of this later. Some MSPs are simply just MSPs, while some also own their own staffing agencies. Select and implement VMS (defined below) technology.Manage relationships with hiring managers and agencies (or 'vendors').Set pricing across the board, facilitate job distribution.Help identify and select the staffing agencies who will provide candidates.Generally, the responsibility of a MSP is to fulfill staffing needs through a compliant process, with quality nurses, in the most time-efficient and cost-effective manner. You can think of an MSP essentially as an external HR.

Put simply, an MSP is responsible for managing all tasks and responsibilities related to external temporary staff for a facility, hospital, or healthcare system. It can all be very confusing but is super important to understand! And because Trusted is all about bringing transparency to our nurses and this industry, weРІР‚в„ўre breaking it down for you! РІР‚РЊ What is a Managed Service Provider?Р”Р„ Managed Service Provider (MSP) is a company that manages an organizationРІР‚в„ўs contingent, or temporary, workforce. There is a lot to learn about life as a traveler even before you start hearing terms thrown around like MSP, VMS, exclusive contract, vendor, agency, subcontractor, vendor neutrality, etc.

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