Locumsmart Competitive Intelligence & Landscape

Locumsmart was acquired by CHG Healthcare, a prominent healthcare staffing company, on February 5, 2020 [https://locumsmart.net/resources/chg-healthcare-acquires-locumsmart-the-leading-locum-tenens-management-system]. The company is headquartered in Midvale, UT [https://locumsmart.net/].

The core product of Locumsmart is its robust, out-of-the-box VMS solution, which stands out for being 100% free for healthcare systems to use, with no hidden fees or monthly charges [https://locumsmart.net/resources/vms-locum-tenens]. This platform offers healthcare organizations access to over 100 vendors, some of which are exclusive to the Locumsmart VMS, and tens of thousands of providers [https://locumsmart.net/about-us]. Key features include comprehensive vendor management, business intelligence, float pool resources, and market trends reports, all designed to provide complete visibility into locums spend and power better decision-making [https://locumsmart.net/]. The company emphasizes its vendor-neutral approach, ensuring impartial decision-making and optimal deliverability outcomes for healthcare organizations [https://locumsmart.net/resources/vendor-neutrality].

Locumsmart targets healthcare organizations struggling with the intricacies of locum tenens staffing. The platform helps these organizations cut through the chaos of managing temporary medical staff by offering a single solution for all their locums challenges [https://locumsmart.net/]. By providing data intelligence and an open marketplace for both vendors and healthcare organizations, Locumsmart facilitates stronger partnerships and better matches between providers and healthcare needs [https://locumsmart.net/register]. The company prides itself on being built by experts who deeply understand the locums world, making its VMS platform the leading solution in the industry [https://locumsmart.net/how-we-work].

Locumsmart provides a comprehensive suite of features to all its customers without additional fees. These include a web-based software accessible from anywhere with an internet connection, allowing healthcare systems to create custom locum workflows and approval chains for end-to-end management [https://locumsmart.net/resources/vms-locum-tenens]. The platform offers access to over 100 vendors and tens of thousands of providers nationwide, alongside robust business intelligence tools for complete visibility into locums spend and data-driven decision-making [https://locumsmart.net/our-solution/business-intelligence].

While Locumsmart maintains its free-to-use model for healthcare systems, it focuses on delivering a powerful and efficient VMS that simplifies healthcare staffing [https://locumsmart.net/get-a-demo]. Features such as float pool management for optimizing coverage and controlling costs, and an API feature for agencies to streamline staffing requests, further enhance its value proposition [https://locumsmart.net/our-solution/float-pool][https://locumsmart.net/resources/locumsmart-api]. This commitment to a vendor-friendly approach ensures that qualified vendors have equal opportunities, making Locumsmart a strategic partner for both healthcare organizations and staffing agencies [https://locumsmart.net/vendor-partnership].

Instead of advertising numerous direct job openings, Locumsmart actively seeks to onboard healthcare organizations and staffing agencies, viewing them as integral to its ecosystem. For healthcare organizations, the company positions itself as a trusted partner with world-class VMS technology for smoother operations and avoiding staffing snarls [locumsmart.net/healthcare-organizations]. For vendors, Locumsmart offers a "vendor-friendly" platform with increased access to nationwide healthcare organizations and targeted insights, helping them fill more open positions [locumsmart.net/vendor-partnership]. This indicates a strategic "hiring" of partners rather than employees, reflecting a platform-based business model.

The company encourages interested parties, whether healthcare providers or staffing agencies, to "connect with Locumsmart" through their website to discuss their locums challenges and next steps [locumsmart.net/join-today]. They also offer registration portals for providers and vendors [locumsmart.net/register]. The announcement of Thomas Lanvers as President in their resources section suggests strategic leadership appointments, but overall, Locumsmart's hiring patterns are geared towards expanding its network of users and partners within the locum tenens industry, rather than a significant increase in internal staff. This approach aligns with its mission to simplify locums by providing a comprehensive VMS platform and fostering a robust marketplace [locumsmart.net/about-us].

Locumsmart's business model is centered on providing a comprehensive, centralized VMS solution designed specifically for the unique complexities of locum tenens staffing (locumsmart.net). This specialization, coupled with its claim as the "first and only VMS designed from the ground up to handle" locums processes, positions it as a leader in its niche. The company emphasizes its "vendor-neutral" approach (locumsmart.net/resources/vendor-neutrality) and undergoes annual third-party SOC-1 and SOC-2 audits, underscoring its commitment to operational integrity and security, which are crucial for attracting and retaining healthcare organizations and vendors.

The absence of publicly announced mergers, acquisitions, or significant fundraising rounds on the Locumsmart website (locumsmart.net) implies a strategy of organic growth and self-sustainability, or that such financial activities are not disclosed. The company's longevity since 2009 and continuous updates to its platform and resources, including the naming of Thomas Lanvers as President (locumsmart.net/resources), suggest ongoing investment in its product and leadership. This consistent development without external financial announcements could indicate a profitable and stable financial standing, allowing for internal reinvestment into its technology and services.

Locumsmart also utilizes its conferences to facilitate important industry discussions. For example, the September 2022 Locumsmart Education Conference featured a panel of leaders from top locums staffing companies who discussed current challenges in the healthcare industry [locumsmart.net/resources/healthcare-industry-challenges-discussion]. These events are designed to be highly interactive, offering valuable training sessions for both Healthcare Organizations (HCOs) and vendors, as well as compelling speakers and networking opportunities [locumsmart.net/resources/2022-ed-conference][locumsmart.net/resources/2022-education-conference-reasons-attend].

The company has consistently adapted its conference format to best serve its community. The 5th annual conference in September 2022 was held in person in Nashville, TN, following a virtual event the previous year [locumsmart.net/resources/2022-ed-conference]. The 2021 Educational Conference was a hybrid event, accommodating both in-person attendees in Nashville and virtual participants [locumsmart.net/resources/2021-educational-conference-recap]. Even during the 2020 pandemic, Locumsmart hosted a successful virtual education conference from September 23-25, highlighting its commitment to providing ongoing education and support to its users and the wider locum tenens community [locumsmart.net/resources/attend-2020-education-conference]. Beyond conferences, Locumsmart also publishes an annual Market Trends Report, offering data-driven insights into the locum tenens staffing segment to aid staffing decisions [locumsmart.net/resources/2024-market-trends-report].