How the Healthcare Employee Shortage Affects the Medical Staffing Industry
Medical staffing agencies rely on the need for professionals in the healthcare industry to continue expanding. With a prosperous and bustling healthcare industry, medical staffing agencies have endless opportunities for employees in all vocations. Fortunately, the healthcare industry is expected to continue growing at a rate of 22% through 2024. This bodes well for those who are planning to start a medical staffing company. Read on to learn more about the relationship between the prosperity of the healthcare industry and the success of the medical staffing industry.
Why The Healthcare Industry Is Growing
1. Need to Treat Chronic Conditions
Illnesses and conditions like diabetes and obesity that remain with an individual throughout life are not easily treated. And, when people grow older with these conditions, the potential for complications increases drastically. In some circumstances, treatment of these conditions may take place over a long period of time.
Because of this, the need for healthcare professionals across the country will grow significantly. Thus, starting a medical staffing company will help meet the changing staffing needs of hospitals.
2. Support for Baby Boomers
Baby boomers, or the children of WWII veterans (born from 1946-1964), comprise the second largest group of people in the US today. As they grow older and older, they are unfortunately beginning to develop more health issues, requiring more care.
As a result of this increasing population of elderly people, hospitals must allocate resources toward accommodating them. This means more nurses and other relevant personnel are required to provide the proper care.
Additionally, the baby boomers who worked as nurses will continue to grow older and, eventually, retire. This means more opportunity for staffing agencies to fill those needs for retiring healthcare professionals.
3. Higher Life Expectancy Than Ever
With medical technology improving every day, doctors are discovering new ways to help people with chronic conditions. Because of this, life expectancy is much higher now than it was. This means that increasingly more people are entering the later stage of life that was formerly reserved for the wealthy. And, with these rising numbers (in population and age), hospitals will continue to be extremely busy. As this trend continues to rise, starting a medical staffing company will become an increasingly lucrative investment.
4. Nurse Shortage
No, this doesn’t mean that there are an overwhelming number of nurses out of work. On the contrary, there is a high demand for nurses in healthcare institutions, without the proper staff to fill these positions.
There is also another unique challenge causing the nursing shortage in the U.S. Unfortunately, there is a shortage of nursing educators. This means that students who would normally be received into the program are being rejected because of staff shortages.
What This Means for Staffing Agencies
1. More Healthcare Facilities Looking For Employees
With a higher demand for care in hospitals and other facilities than ever, hospitals are sure to seek out qualified employees. And, as hospitals hire on both a temporary and permanent basis, they will certainly continue to utilize the services of medical staffing agencies. This means that the chance to forge or strengthen a relationship with a healthcare facility by starting a medical staffing company is better than ever.
2. More Nurses Looking for Positions
As educational institutions correct the lack of nursing programs and qualified faculty, students will again pursue nursing degrees. Then, there will be members of the workforce who are qualified and willing to respond to the heightened need for nurses. Consequently, these employable nurses will seek open positions in any way they can.
3. Greater Opportunity to Start A Medical Staffing Company
With the right approach, your medical staffing agency could successfully place many nurses– building a better future for the healthcare industry and your agency. Medical Staffing Consultants assists people who are eager for success in starting a medical staffing company. We assist new staffing agencies through the creation and development of their business, and can help you to achieve continued success in the industry. Contact us for more information.