Prospect Tool

What does managing students actually cost you?

Adjust the inputs below to model your organization’s real cost — and what you save with a clinical placement management system.

Net Benefit
annual savings
ROI
return on software cost
Payback Period
months to break even
Cost Per Student
with system vs. without

Talent Pipeline Impact

A structured clinical placement program converts more students into hires — reducing your recruitment spend and accelerating workforce development.

Additional hires enabled
Hiring cost savings
Operational Inputs
Students / learners per year 1,000
1005,000
Staff hourly rate (loaded) $50
$25$100
Annual software cost $50,000
$10k$200k
Hours Per Student — Without System
Scheduling 1.0 hrs
0.0834 hrs4 hrs
Onboarding requirements 1.0 hrs
0.254 hrs
Affiliate agreements 1.0 hrs
1.0010 hrs
Communication 1.0 hrs
0.254 hrs
Hire Conversion Inputs
Conversion rate — without system 2.0%
0.5%10%
Conversion rate — with system 5.0%
0.5%15%
Acquisition cost per new grad hire $12,500
$2.5k$30k
System Time Reduction

The system reduces hours per task. Adjust how much time the platform saves on each activity.

Time reduction — Scheduling 75%
10%90%
Time reduction — Onboarding 75%
10%90%
Time reduction — Agreements 67%
10%90%
Time reduction — Communication 75%
10%90%
Side-by-Side Comparison
Metric Without a System With Clinician Nexus
Hours per student (total)
Total staff hours (all students)
Total staff cost
Hiring cost savings (avoided)
Software cost $0
Total Net Cost
Explore Pipeline to Practice
Pipeline to Practice workforce loop Pipeline to Practice connects clinical education programs to placement and performance data and on to projected workforce demand and hiring, with hiring outcomes returning to inform the next cohort. Outcomes inform the next cohort Clinical Education Programs, schools, sites CLINICIAN NEXUS Placement & Performance Data Rotations, capacity, outcomes Workforce Demand & Hiring Open roles and projected need

Student Management Resources

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Career Pathways In Action

See how Cleveland Clinic's Center for Youth and College Education built a scalable clinician pipeline – starting with students.
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Data-Driven Clinical Education: From Paperwork to Performance

Health care leaders know it’s time to treat clinical education as a strategic function – not just a logistical one. For decades, student placement has been treated like an administrative afterthought....but that era is over.
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Resources

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Watch this 90-second overview to see how compensation teams can safely test plan changes, reduce risk, and make more informed decisions with CM2's Compensation Intelligence platform.
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Executive Visibility Starts with Better Answers

Compensation data should help leaders understand what changed, why it changed, and where action may be needed.
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Compensation Management vs. Compensation Intelligence

Traditional compensation management plays an important role in helping teams manage compensation operations, but this is often where the capabilities end. Compensation intelligence goes several steps further.
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