VMS stands for Vendor Management System, which is a technology platform that enables healthcare organizations to manage their contingent workforce. It is a centralized system that automates and streamlines the hiring, onboarding, and management of temporary staff, including locum tenens, travel nurses, and allied healthcare professionals. VMS includes functionality for open position management, candidate recruitment and profile management, credentialing, staffing agency pool selection and management, tracking and reporting, and consolidated invoicing. It provides transparency, control, and efficiency in the staffing process by integrating various stakeholders, such as healthcare facilities, staffing agencies, and individual workers. VMS is considered vendor-neutral since it does not recruit candidates, and hospital administrators evaluate candidates on their own. The fees associated with a VMS are typically paid by staffing agencies for placements made. VMS is often used together with MSP (Managed Service Providers) in healthcare staffing, but it is essential to understand their distinct roles and functionalities.