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Friday, September 10, 2010
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Your competitors are expanding into healthcare staffing, because they can’t afford not to. A small investment now (under $100K) can lead to large returns in the future.
Revenue for one of the Nation’s largest temporary healthcare staffing firms, AMN, reported that the full year 2007 was an industry record $1.16 billion, an increase of 7.6% from the $1.08 billion reported for 2006. A recent article on Forbes.com describes the rapid growth of another young and rapidly growing healthcare staffing firm, “Revenue from contract appointments increased 211% from $1,183,839 (2006) to $3,676,432 in 2007. This increase is attributed to the continued expansion of the attractive options offered to temporary hires (typically, 13-week contracts) by healthcare facilities looking to cover during periods of short staffing due to high seasonal activity, vacations, leaves of absence, etc.” And yet with all of this rapid growth, hospitals, clinics, and nursing homes across the nation are STILL experiencing desperate shortages of clinical staff!
While other employment sectors are declining, healthcare is continuing to boom. According to a recent BLS report, the healthcare sector has added over 363,000 jobs last year while other sectors lost 158,000 during the same 12 month period. The report goes on to say that, “The "graying of America" will drive hospice growth and jobs. By 2030, 20 percent of Americans will be over 65. And by 2050, the number of the "oldest-old," those over age 85, will increase to 19 million.” In short, the BLS estimates that between 2004 and 2014, about 19 percent of all new wage and salary jobs - about 3.6 million - will be in healthcare - more than in any other industry.
The graying of America is happening now and experts estimate that it will reach its zenith in 2020, and until then, will be placing a huge demand on the healthcare system A University of Delaware study reported that “Increased life expectancy is creating record numbers of people aged 65 and older. In less than a century, we have added 25 years to our life span. Those aged 65 and older will represent 13% of the population in 2000, and about 21% of the population in 2030. The group expected to grow most rapidly in the next 30 years is the one aged 85 years and older. Advances in medicine allow people today to die in ‘small increments’ of debility.
The demand is clear and many companies are seeing the opportunity, but the key to success is timeliness. Those that will become major players in the industry must be established now, while the demand and potential for growth are still skyrocketing. Can you afford to wait until the demand and supply finally balance out?
Let the industry experts who have helped so many, help you. We truly provide "everything you need to succeed” and can help you enter this market fully prepared to compete and win the healthcare staffing industry race!
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