**The big picture:** UPMC Enterprises has led a growth equity investment in VeloSource, a St. Louis-based contingent staffing technology firm. **Why it matters:** This investment signals a growing trend of health systems directly backing technology solutions to manage temporary and flexible staffing, rather than solely relying on traditional agencies. **Between the lines:** - The funding will support a contingent staffing management program designed for replication across health systems. - VeloSource's Syncx platform aims to help hospitals address critical physician workforce shortages. - This marks the first investment of its kind for VeloSource. **Staffing & HR impact:** This move could shift recruiter mobility and margin for traditional healthcare staffing agencies as health systems insource more contingent workforce management. It highlights the increasing demand for tech-driven solutions in talent acquisition for critical roles. **The bottom line:** Expect more direct investments from large employers into staffing technology as they seek greater control and efficiency in managing their contingent workforces.
**The big picture:** UPMC Enterprises has led a growth equity investment in VeloSource, a St. Louis-based contingent staffing technology firm. **Why it matters:** This investment signals a growing trend of health systems directly backing technology solutions to manage temporary and flexible staffing, rather than solely relying on traditional agencies. **Between the lines:** - The funding will support a contingent staffing management program designed for replication across health systems. - VeloSource's Syncx platform aims to help hospitals address critical physician workforce shortages. - This marks the first investment of its kind for VeloSource. **Staffing & HR impact:** This move could shift recruiter mobility and margin for traditional healthcare staffing agencies as health systems insource more contingent workforce management. It highlights the increasing demand for tech-driven solutions in talent acquisition for critical roles. **The bottom line:** Expect more direct investments from large employers into staffing technology as they seek greater control and efficiency in managing their contingent workforces.