Manual adjustments are rigid, potentially wasting resources. Smart Rates dynamically adjust to demand in real time, maximizing your resources for better ROI.
CareRev's Smart Rates uses an artificial intelligence (AI) algorithm to recommend hourly shift rates based on market demand and past performance. This empowers your healthcare facility to control labor costs while meeting healthcare staffing demands.
Increase efficiency by reducing the manual labor required to manage and adjust shift rates
Customize outcomes with AI algorithms to maximize your staffing strategy
Automatically and accurately set per diem shift rates based on market fluctuations
Optimize budget allocation to achieve the desired fill rate
Strengthen your workforce with flexible per diem healthcare professionals
Connect with top flexible talent with the most competitive rates.
Filled shifts 50% faster
Lowered the average cost per shift
Reduced time monitoring and manually adjusting rates to fill shifts
Cut labor costs by 18% while fulfilling facilities staffing needs*
Smart Rates works in real time, consistently monitoring and adjusting rates to increase the number of shift’s being filled based on the coverage you need.
Smart Rates uses your health system’s trending economic and performance data, along with wider market data.
Its AI algorithm adjusts rates automatically, empowering you to set your budget spend by specifying the minimum and maximum rates for each specialty.
Shift rates are lowered when fill rates are predicted to be high, and raised when they are predicted to be low.
Smart Rates automatically transfers rates from fillable shifts to less desired shifts without modifying your allotted funds.
Get real-time rate recommendations
Shifts can be optimized daily
Staff can optimize shifts as they create them
Fully automated rate management
Total efficiency and optimization
Customizable outcomes
Manually adjustable
Healthcare professionals also benefit from facilities using Smart Rates – more shifts are optimized at the time of posting. Claim shifts earlier to secure the best rate.
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