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Is Shortage Of Nurses in US Curse For The Healthcare Or Boon For The Healthcare Staffing
Beige Market Intelligence has recently published a report on Healthcare Staffing Market in the US. The report throws lights on how shortage of registered nurses is affecting the healthcare staffing market in the USHealthcare staffing or medical staffing is a process to fill medical positions, both temporary and permanent, in various healthcare organizations such as acute care hospitals and non-acute care hospitals, government facilities, outpatient clinics, public and charter schools, physician practice groups, ambulatory care facilities, retailers, among other healthcare settings. Rising aging population and increased life expectancy rate in the US coupled with shortage of registered nurse is effecting the US healthcare staffing market.
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The healthcare industry in the US is witnessing a shortage of nurses in the country. Despite the fact that registered nurses are among the single largest healthcare professionals in the country, the vacancy rate for registered nurses is growing YoY. In 2015, the vacancy rate stood at 8.5%, up 1.3% from 2014 (vacancy rate: 7.2%).
In the US, there is a growing demand for nurses in hospitals and community services. According to the US Bureau of Labor Statistics, the demand for registered nurses in the country is expected to grow by 14%-16% by 2021 from 2015. The primary reason behind this growth is an increase in the demand for healthcare services because of the country’s growing aging population. Various acts such as Patient Protection and Affordable Care Act (PPACA), or commonly called ACA or Obamacare, have also fueled the growth of the market in the country.
There are multiple reasons behind the shortage of registered nursing staffs in the country, the major reason being the shortage of faculty in nursing schools. The US has been witnessing a diminishing pipeline of new recruits in the nursing industry as thousands of prospective students are being turned away from enrollment. According to the American Association of Colleges of Nursing (AACN), a total of 79,659 qualified applicants were turned away from baccalaureate and graduate nursing programs by the US nursing schools in 2012 because of the shortage of faculty, an insufficient number of clinical sites and preceptors, inadequate classroom space, and budgetary constraints. Of the 714 nursing schools surveyed by AACN, about 400 of them reported a total of over 1,200 full-time faculty vacancies for the 2014-2015 academic calendar. The major reasons cited for nursing faculty shortage were:
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Low salary offered to educators compared to clinicians
Schools' inability to fill open posts for faculties
Large number of nursing educators being at a retiring age
Further, the aging nursing workforce is another reason that is contributing to the nursing shortage. The National Council of State Boards of Nursing along with The Forum of State Nursing Workforce Centers carried out a survey in 2013 that revealed that about 55% of the current registered nursing workforce is in the above 50 age bracket. Furthermore, over 1 million nursing workforce is expected to retire within the next 10-15 years. Also, the shortage of nursing workforce has made the available nurses often work for longer hours under stressful conditions that result in fatigue and job dissatisfaction. These stressful environments can make nurses committing mistakes and medical errors further hampering quality patient care. All these factors are propelling the growth of the healthcare staffing market in the US.
Source Link: http://www.beigemarketintelligence.com/is-shortage-of-nurses-in-us-curse-for-the-healthcare-or-boon-for-the-healthcare-staffing/
About Beige Market Intelligence:
Beige Market Intelligence is new-age provider of competitive business intelligence, working across various industry verticals. Our expertise and knowledge ensures that the market analysis Beige provides is comprehensive, detailed and complete. The analysis helps our client organizations become aware and make educated decisions, as far as investing or devising a marketing strategy is concerned. The actionable insights delivered through our market research provide a comprehensive market analysis for every level of market segmentation in an industry. Beige Market Intelligence is a quality driven high end Market Research organization. Our team of experts ensure the analysis you receive is not just analysed and smartly presented, but is completely customized based on the client’s requirement. Our deliverables guarantee our current global client base does not look beyond Beige when it comes to any kind of industry and market analysis.
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