Locums billing can be a complicated process. But all locum tenens use cases are billable, not just backfills for absent FTEs. Establishing effective billing processes introduces new revenue sources for your organization.
It takes up to 226 days to fill a specialty care position, resulting in up to $4.5 million* in lost revenue
It takes up to 189 days to fill a primary care position, resulting in up to $1.9 million* in lost revenue
80% – 90% of all healthcare organizations utilize locum tenens, often to prevent revenue loss gaps**
Our analysis shows that 50% of locums providers’ services go unbilled due to payor enrollment issues
*Days to fill position based on AAPPR 2024 Benchmarking Report
**Locums utilization based on State of Locums 2024 report
Just how much revenue could locums bring in for your organization?
Using the list of specialties below, visualize the typical costs (and revenue generated) for a single day of coverage.
Enough talk… it’s time to see how the numbers play out. Simply choose a specialty below and see the typical costs and revenue from a single day of coverage.
Projected gross profit or loss
$11,088
Gross ROI multiplier
10.2x
$11,088
10.2x
Total billable charges*
$16,998
Total locums investment*
$1,661
It’s more than just the revenue you’ll collect by billing for our locums. Let’s look at six other ways our contingent labor provides a financial boost for your organization:
Ancillary fees like imaging/diagnostics, lab work, and therapy services
Enables FTE physicians to focus on high-margin procedures
Feeds the referral pipeline for high-revenue specialties
Improves patient retention, thanks to better continuity of care
Improves retention of your staff by alleviating burnout
Maximizes your patient throughput in every department
We appreciate you contacting us. A consultant will be reaching out to you shortly to discuss this job opportunity. You can also get in touch with us directly by calling 954.618.5296.