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#U.S. Healthcare Staffing Market Report
theenterprisew · 2 months
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U.S. Job Growth Expected to Maintain Solid Pace in April, Alleviating Economic Slowdown Concerns
U.S. Job Growth Expected to Maintain Solid Pace in April, Alleviating Economic Slowdown Concerns
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Anticipation surrounds the release of the Labor Department’s April employment report, with expectations pointing to a continued but slightly slower pace of US job growth in the United States. This projection, coupled with sustained wage increases, provides reassurance amidst concerns over a potential economic slowdown following a notable pullback in activity during the first quarter.
US Job Growth: Analysts predict that nonfarm payrolls likely expanded by 243,000 jobs in April, a slight deceleration from the robust gains observed in March. This anticipated figure, although marginally below the first-quarter monthly average of 276,000, reflects the enduring resilience of the labor market despite earlier apprehensions of a significant slowdown. The ongoing strength in job creation underscores the economy’s capacity for sustained expansion, buoyed by contributions from sectors such as healthcare, construction, and leisure and hospitality.
Steady Wage Growth and Unemployment Rate Projection
Economists emphasize that the labor market’s endurance, exemplified by the unemployment rate’s anticipated continuation below 4% for the 27th consecutive month, mitigates the urgency for the Federal Reserve to initiate interest rate cuts. The central bank’s decision to maintain the benchmark overnight interest rate unchanged in the current 5.25%-5.50% range reflects its confidence in the economy’s underlying strength, despite recent fluctuations.
Sung Won Sohn, finance and economics professor at Loyola Marymount University, remarked, “The bloom is off the rose of a strong employment market, but it’s still pretty.” He emphasized the potential for a slow yet healthy job market trajectory, extending well into 2025, provided the Fed adjusts its rate policies judiciously.
Average hourly earnings are forecasted to rise by 0.3% in April, matching the previous month’s increase, with upside risks stemming from California’s implementation of a $20-an-hour minimum wage for fast-food workers. The anticipated wage growth, expected to reach 4.0% over the 12 months through April, remains consistent with the Fed’s inflation target.
US job growth totaled 175,000 in April, much less than expected, while unemployment rose to 3.9%
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Federal Reserve’s Interest Rate Policy Remains Unchanged Amidst Enduring Labor Market Strength
While financial markets anticipate the onset of a Fed easing cycle in September, some economists contend that the window for such measures may be closing. Since March 2022, the central bank has incrementally raised its policy rate by 525 basis points, reflecting its proactive stance in managing inflationary pressures.
Despite fluctuations in temporary help staffing and other economic indicators, analysts maintain a positive outlook for the labor market’s trajectory, attributing its resilience to factors such as immigration-driven labor supply boosts. Spencer Hill, an economist at Goldman Sachs, noted, “While we believe the continued flow of new immigrants into the labor market boosted payroll and household employment in April’s report, we do not forecast an impact on the unemployment rate due to the offsetting boost to labor supply.”
As the U.S. economy navigates through evolving challenges and opportunities, the forthcoming employment report will serve as a critical barometer of its health and resilience, guiding policymakers and market participants in their assessments and decisions regarding future economic trends and monetary policy adjustments.
Also Read: How To Ace a Job Interview?
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poojascmi · 10 months
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U.S. Healthcare Staffing Market Is Estimated To Witness High Growth Owing To Increasing Demand for Skilled Medical Professionals
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The global U.S. Healthcare Staffing market is estimated to be valued at US$ 20,626.2 million in 2022 and is expected to exhibit a CAGR of 3.4% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights. A) Market Overview: The U.S. Healthcare Staffing market refers to the provision of temporary healthcare professionals to healthcare facilities such as hospitals, clinics, and nursing homes. This helps to bridge the gap between the demand for healthcare services and the availability of skilled medical professionals. It provides flexibility for healthcare facilities to meet their staffing requirements and ensures uninterrupted patient care. The need for healthcare staffing arises from factors such as increasing patient inflow, seasonal demand fluctuations, and staff shortages due to illness or vacation. B) Market Key Trends: One key trend shaping the U.S. Healthcare Staffing market is the increasing demand for skilled medical professionals. With the aging population and rising prevalence of chronic diseases, there is a growing need for specialized healthcare services. This requires a workforce with the necessary skills and qualifications to provide quality care. As a result, healthcare facilities are increasingly relying on healthcare staffing agencies to source skilled professionals such as nurses, physicians, therapists, and technologists. For example, Envision Healthcare Corporation, one of the key players in the market, provides a wide range of healthcare staffing solutions, including emergency medicine, anesthesiology, radiology, and neonatology. By partnering with healthcare staffing agencies, healthcare facilities can access a pool of qualified professionals on-demand, reducing recruitment and training costs. C) PEST Analysis: - Political: The U.S. healthcare industry is influenced by government policies and regulations such as the Affordable Care Act. These policies impact the demand for healthcare services and indirectly affect the demand for healthcare staffing. - Economic: Economic factors such as GDP growth, disposable income, and healthcare expenditure impact the overall healthcare market, including healthcare staffing. - Social: Changing demographics, the aging population, and increased awareness about healthcare services influence the demand for healthcare staffing. - Technological: Technological advancements in healthcare, such as telehealth and remote patient monitoring, have the potential to disrupt the traditional healthcare workforce. Healthcare staffing agencies need to adapt to these technological changes to remain competitive. D) Key Takeaways: Paragraph 1: The U.S. Healthcare Staffing Market Demand is expected to witness high growth, exhibiting a CAGR of 3.4% over the forecast period, due to increasing demand for skilled medical professionals. Healthcare facilities are relying on healthcare staffing agencies to bridge the staffing gap and ensure quality patient care. Paragraph 2: In terms of regional analysis, the United States is expected to be the fastest growing and dominating region in the global U.S. Healthcare Staffing market. The country's large healthcare industry, coupled with the high demand for healthcare services, creates a favorable environment for the growth of the healthcare staffing market. Paragraph 3: Key players operating in the U.S. Healthcare Staffing market include Envision Healthcare Corporation, AMN Healthcare, CHG Management, Inc., Maxim Healthcare Group, Cross Country Healthcare, Inc., Syneos Health, Inc., and Almost Family, Inc., among others. These companies offer a wide range of healthcare staffing solutions and have a strong presence in the U.S. market.
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priyanshisingh · 11 months
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U.S. IT Staffing Market Global industry share, growth, drivers, emerging technologies, and forecast research report 2030
The latest market report published by Credence Research, Inc. “Global U.S. IT Staffing Market: Growth, Future Prospects, and Competitive Analysis, 2016 – 2028. The U.S. IT staffing market has witnessed steady growth in recent years and is expected to grow at a CAGR of 5.50% between 2023 and 2030. The market was valued at USD 33.2 billion in 2022 and is expected to reach USD 48.29534815 billion in 2030.
The report highlights that the software developer segment leads the market as the most popular skill set, with systems analysts & testers being the primary skill set segment. The telecom sector emerges as the dominant end-user industry, with the United States leading the market growth.
One of the key driving factors of the U.S. IT staffing market is the rapid pace of technological advancements, creating a high demand for skilled IT professionals. Businesses across various industries are undergoing digital transformation, further increasing the need for IT experts. This has led to a rising demand for specialized skills in emerging technologies such as AI, cloud computing, cybersecurity, and data analytics.
U.S. IT Staffing Market Dynamics refers to the ever-changing landscape of the information technology staffing industry in the United States. It encompasses various factors that shape and influence this market, including technological advancements, economic conditions, and evolving workforce demands. As businesses increasingly rely on technology to enhance their operations, there is a growing need for skilled IT professionals across different sectors. The demand for highly qualified individuals with expertise in areas such as software development, cybersecurity, cloud computing, and data analysis continues to rise rapidly. Moreover, the constant evolution of technology necessitates a flexible and adaptable workforce capable of keeping up with emerging trends and innovations. This market is also affected by economic factors such as job growth rates, overall employment levels within organizations, and budgetary constraints faced by companies when hiring IT staff.
However, the market also faces challenges, including economic downturns, market fluctuations, and budget constraints, which may impact the demand for IT staffing services. In addition, retaining and upskilling talent is crucial for staffing firms to maintain a competitive edge in the highly competitive market.
Browse 250 pages report U.S. IT Staffing Market By Skillset (Software Developer, Testers, Systems Analyst, Technical Support Professionals, Networking and Security Experts, Other Skill Sets) By End-user industry (Telecom, BFSI, Healthcare, Manufacturing, Retail, Other End-user Industries) -Growth, Future Prospects & Competitive Analysis, 2016 – 2030)- https://www.credenceresearch.com/report/us-it-staffing-market
The market segmentation indicates that software developers hold the highest share in terms of value, closely followed by testers and systems analysts. Within the end-user industry segment, telecom emerges as the leading sector, accounting for more than 25% of the market share in 2022.
The competitive landscape of the U.S. IT staffing market is intense, with key players like TEKsystems Inc. (Allegis Group Holdings Inc.), ASGN Incorporated, Insight LLC, Randstad NV, and Kforce Inc. leading the market. These companies focus on product innovation, expansion, mergers, and acquisitions to maintain their position in the market.
Looking ahead, the U.S. IT staffing market shows a positive outlook with significant growth potential, particularly in the Canadian region. The increasing need for skilled resources and the development of flexible technology are expected to drive market growth. However, challenges such as economic uncertainties and talent retention must be addressed to ensure sustained growth in the sector.
Why to Buy This Report-
The report provides a qualitative as well as quantitative analysis of the global U.S. IT Staffing Market by segments, current trends, drivers, restraints, opportunities, challenges, and market dynamics with the historical period from 2016-2020, the base year- 2021, and the projection period 2022-2028.
The report includes information on the competitive landscape, such as how the market's top competitors operate at the global, regional, and country levels.
Major nations in each region with their import/export statistics
The global U.S. IT Staffing Market report also includes the analysis of the market at a global, regional, and country-level along with key market trends, major players analysis, market growth strategies, and key application areas.
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market-insider · 2 years
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U.S. Healthcare Staffing Market Driven By Cost-Effectivity Of Temporary Staffing
The U.S. healthcare staffing market size is expected to reach USD 34.7 billion by 2030, exhibiting a CAGR of 5.6% from 2022 to 2030, based on a new report by Grand View Research, Inc. Increasing geriatric population is leading to rising demand for medical services and shortage of nurses and other medical staff. The cost-effectivity of temporary staffing is likely to drive the market in the coming years.
According to the Bureau of Labor Statistics (BLS), around 500,000 nurses will retire over the next few years. Also, according to the Association of American Medical Colleges, there will be a shortage of around 21,000 to 55,200 primary care doctors by 2032. The shortage of physicians in the coming years is likely to drive the market. In addition, the increasing need for a home care workforce, such as dieticians, nutritionists, nurses, therapists, and home care aides, is also expected to boost the market growth.
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Technological advancements are one of the major drivers of rising healthcare employment. With the advent of various innovations, such as telehealth and medical informatics, the need for skilled labor to handle both technical and non-technical aspects of these devices has increased. Hence, recruitment of new professionals along with training of existing ones has become essential. The flexibility in work timings and attractive wages are primary reasons for the increasing number of nurses becoming per diem and travel nurses.
A rising number of medical facilities and new construction projects are anticipated to create more jobs for medical professionals. For example, in April 2021, the U.S. Department of Health and Human Services (HHS) announced USD 1 Billion support for health centers' construction and renovation projects from the American Rescue Plan. The aforementioned factors are anticipated to propel market growth.
During the COVID-19 pandemic, demand for staffing services and workforce technology solutions increased dramatically. The increasing incidence of COVID-19 infections significantly fueled the demand for travel and per diem nurses. According to a poll conducted by Avant Healthcare Professionals, 90% of the medical facilities accepted using travel nurses for management of COVID-19 patients in 2020, compared to less than 60% in 2019. On the other hand, the demand for locum tenens specialists and allied health professionals decreased due to the cancellation of elective surgeries.
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sanjosenewshq · 2 years
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Telehealth startup Antidote Well being confirms layoffs
Antidote Well being confirmed it has laid off staffers this week, about seven months after the telehealth startup introduced its $22 million Collection A spherical.  In line with reporting by Calcalist, the corporate has let go of a few third of its workforce, with most cuts coming from its analysis and improvement workforce. Antidote affords digital main care, psychological healthcare and hypertension administration in addition to on-line prescriptions and refills.  “Antidote introduced it has adjusted staffing ranges and different direct bills brought on by present challenges within the economic system and market circumstances,” an Antidote spokesperson wrote in an e-mail to MobiHealthNews. “These adjustments will assist be sure that the corporate can obtain its long-term goal of offering reasonably priced, high quality care to hundreds of thousands of Individuals.” THE LARGER TREND Antidote launched in January 2021, asserting a $12 million seed elevate later that yr. At the moment, the startup mentioned it was headquartered in New York Metropolis with an R&D workforce in Tel Aviv, Israel.  When Antidote introduced its Collection A in March, the corporate deliberate to make use of the funding alongside its seed to develop its providers within the U.S. and help analysis and improvement for AI screening and medical resolution help capabilities. Milwaukee Bucks participant Giannis Antetokounmpo has additionally invested within the startup this yr.  Telehealth use has declined from its peak in the course of the top of the COVID-19 pandemic, although it makes up a bigger portion of care than it did within the pre-pandemic period. Nonetheless, there are a variety of digital care startups and extra established telehealth corporations competing available in the market.  There have additionally been a spate of layoffs affecting digital well being and well being tech corporations thus far this yr.  In line with reporting by the Wall Avenue Journal, digital psychological well being firm Cerebral is slicing about 20% of its employees because it restructures its enterprise. Digital weight reduction firm Noom additionally lately confirmed one other spherical of layoffs.  Originally published at San Jose News HQ
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soteradigitalhealth · 2 years
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Curbing Nurse Burnout with ViSi Mobile
Nurses and the challenges they face continue to be at the forefront of the national conversation. And for good reason: they are the backbone of our health system. In addition to providing direct patient care, everyday nurses go above and beyond to serve their local communities, coordinate care and manage patients’ needs. But ongoing workforce challenges threaten progress made by nurses, communities, and families. On top of that, nurses are also dealing with a lack of support as they put themselves at the forefront of our fight against COVID-19.
Without nurses, the U.S. health system lacks direction, as many are telling us in their own words. Nurses allow hospitals and clinics to function properly. They are on the frontlines of protecting us from illness and providing care and comfort in our times of need.
A report released by the healthcare market research and consulting firm PRC reveals key data about nurses in the workforce today, as well as what the future holds for nurses and how hospital administrators can help support them going forward.
One of the main focuses of the study examined how many nurses report feeling burned out. According to the report, 15.6% of all nurses reported feelings of burnout, with the percentage rising to 41% of "unengaged" nurses. What's really interesting is that 50% of burned-out nurses also reported that they had no plans to leave their organization—pointing to the importance of supporting and meeting nurses where they are at in their careers.
The report further explained that “unengaged” nurses are those who may not be part of a team with their colleagues, have diminished morale, and feel emotionally checked out from their work which also ultimately affects their patient care.
Nurse engagement was found to be associated with factors such as autonomy, nurse-to-nurse teamwork and collaboration, staffing and resources, interpersonal relationships, and leadership access and responsiveness. ER nurses also seemed to be at a higher risk, with 20% reporting feeling unengaged.
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domberaj38 · 2 years
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According to Nova one advisor, The U.S. Healthcare Staffing market size was valued at US$ 24.9 billion in 2021 and is expected to hit US$ 34.15 billion by 2030, growing at a compound annual growth rate (CAGR) of 5.10% from 2022 to 2030
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rohit0024 · 2 years
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U.S. Healthcare Staffing Market Size Worth $34.7 Billion By 2030
U.S. Healthcare Staffing Market Size Worth $34.7 Billion By 2030
U.S. Healthcare Staffing Market Growth & Trends The U.S. healthcare staffing market size is expected to reach USD 34.7 billion by 2030, exhibiting a CAGR of 5.6% from 2022 to 2030, based on a new report by Grand View Research, Inc. Increasing geriatric population is leading to rising demand for medical services and shortage of nurses and other medical staff. The cost-effectivity of temporary…
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balrajgis · 2 years
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Ambulance Services Market SWOT analysis, Growth, Share, Size and Demand outlook by 2031 | Envision Healthcare, London Ambulance Service NHS Trust, Acadian Ambulance Service
Global Ambulance Services Market report from Global Insight Services is the single authoritative source of intelligence on Ambulance Services Market. The report will provide you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market. Report provides qualitative analysis of the market using various frameworks such as Porters’ and PESTLE analysis. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
Ambulance services are a vital part of the healthcare system. They provide a way for patients to get to the hospital in an emergency situation. Ambulances are typically staffed by a team of paramedics and EMTs who are trained to provide medical care. They are equipped with life-saving equipment, such as defibrillators and oxygen tanks. Ambulances provide a vital service to the community and are an important part of the healthcare system.
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Key Trends
Some of the key trends in ambulance services technology are the use of drones, artificial intelligence, and robotics.
Drones are being used to deliver medical supplies to remote areas and to transport patients to hospitals.
Artificial intelligence is being used to help dispatch ambulances and to diagnose patients. Robotics is being used to help patients with mobility issues and to provide medical care in remote areas.
Key Drivers
There are several key drivers of the ambulance services market.
First, the increasing number of accidents and emergencies is resulting in a greater demand for ambulance services.
Second, the aging population is another key driver of the market as older adults are more likely to need medical assistance.
Market Segments
By Transport Vehicle 
Ground Ambulance
Air Ambulance
Water Ambulance
By Emergency Services 
Emergency Services
Non-emergency Services
By Equipment 
Advance Life Support (ALS) Ambulance Services
Basic Life Support (BLS) Ambulance Services
By Region
North AmericaThe U.S.
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Key Players
Envision Healthcare
London Ambulance Service NHS Trust
Acadian Ambulance Service
BVG India Limited
America Ambulance Services, Inc.
Falck Denmark A/S
Air Medical Group Holdings, Inc.
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marketblogs1 · 2 years
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Global Modified Starch Market is anticipated to grow at a CAGR of 19% during 2022-2027
Global Modified Starch Market was valued at US$ 12.7 Bn. in 2021. The Global Modified Starch Market size is estimated to grow at a CAGR of 3.1 % over the forecast period.
COVID-19 Impact Analysis on Global Modified Starch Market:
The analysis goes into great detail about how COVID-19 has affected the healthcare staffing markets in North America, Asia Pacific, the Middle East, Europe, and South America. In-depth study of the Healthcare Staffing market's options, difficult conditions, and difficult potentialities during this crisis is provided in the research. The report discusses the advantages and challenges of COVID-19's finance and market expansion. The document also provides a set of recommendations that are meant to aid readers in selecting and creating a plan for their business.
Global Modified Starch Market overview:
The research investigates the market segments for modified starch (Type, Raw Material, Function, Application, and Region). Regions and market participants have given data (North America, Asia Pacific, Europe, Middle East & Africa, and South America). This market study offers a comprehensive overview of the present, quick advancements occurring in all business sectors. Key data analysis is provided for the historical era from 2017 to 2020 using facts, figures, graphics, and presentations. The analysis examines the market's drivers, restraints, opportunities, and obstacles. Based on a detailed analysis of the current competitive landscape in the Modified Starch market, this MMR research contains investor suggestions.
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Global Modified Starch Market Segmentation:
Based on Type, the Modified Starch Market is segmented into Cationic starch, Etherified starch, Resistant starch, and Pregelatinized starch. Cationic starch is expected to grow at CAGR of 3% during the forecast period. The segment growth is attributed to the product’s distinctive properties of dry strength and emulsification of sizing agents, which are widely used in the paper sector. It is expected that a variety of retention and drainage capabilities will boost product demand in the paper industry. Due to the ability of foods to improve texture and shelf life, increased consumption of these products in baked goods, dairy products, and cooked foods is expected to stimulate their demand. The positive outlook for the food and beverages industry in China and India also drives this segment. These emerging markets are anticipated to witness significant growth in the pharmaceutical industry due to increased consumer demand for pharmaceuticals which will increase demand for products over the forecast period.
Global Modified Starch Market Key Players:
• Archer daniels midland • Avebe U.A. • Cargill incorporated • Emsland strake GMBH • Global bio chem technology co ltd • Grain processing corporation • Ingredion incorporated • Roquette Freres • Tate & Lyle plc • Universal starch chem allied • SMS corporation • Tereos • Lyckeby • Novidon
Global Modified Starch Market Regional Analysis:
North America is expected to witness a significant growth at a CAGR of 3.4% through the forecast period, due to its innovation and development of new products. Rising consumer knowledge of the health benefits of eating low-fat foods is expected to drive the product demand in the U.S., which is one of the world's largest corn and corn starch producers. Owing to the increased product demand in the animal feed sector, Canada is the second-largest contributor to the North American market.
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The reports also help in understanding the Modified Starch Market dynamic, and structure by analyzing the market segments and projecting the Modified Starch Market size. Clear representation of competitive analysis of key players by Design, price, financial position, product portfolio, growth strategies, and regional presence in the Modified Starch Market make the report investor’s guide.
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research-blogs · 3 years
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U.S. Healthcare Staffing Market Trends, Strategies, And Opportunities 2020-2027
The U.S. healthcare staffing market size is expected to reach USD 26.7 billion by 2027, exhibiting a CAGR of around 5% over the forecast period, based on a new report by Grand View Research, Inc. Increasing geriatric population is leading to rising demand for healthcare services and shortage of nurses and other healthcare staff. The cost-effectivity of temporary staffing is likely to drive the market in the coming years.
An increase in life expectancy has led to a rise in geriatric population. According to the National Institutes of Health, the number of people aged 65 years and above in U.S. is projected to nearly double from 48 million to 88 million by 2050. An aging population is expected to have a significant impact on healthcare delivery because they are highly susceptible to lifestyle diseases and chronic conditions.
According to the Bureau of Labor Statistics (BLS), around 526,800 nurses will retire over the next few years, creating a demand-supply gap. Also, according to the Association of American Medical Colleges, there will be a shortage of around 61000 to 94000 physicians by 2025. Shortage of physicians in the coming years is likely to drive the market in developed regions. In addition, increasing need for home healthcare workforce, such as nutritionists, dieticians, therapists, nurses, and home care aides, is also expected to aid the market growth.
Technology is currently one of the major drivers for increased healthcare employment. Advancements e have led to various innovations, such as medical informatics and telehealth, which have increased the need for skilled labor force to handle both technical and non-technical aspects of these devices. Hence, recruitment of new professionals along with training of existing ones has become essential.
The flexibility in work timings and attractive wages is expected to increase the number of individuals opting for allied healthcare as a career option. According to BLS, physician’s assistants, medical assistants, and pharmacy technicians are among the top 30 fastest-growing careers in U.S.
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U.S. Healthcare Staffing Market Report Highlights
· The allied healthcare segment dominated the market in terms of revenue share in 2019. It includes medical technologists, physical therapists, respiratory therapists, occupational therapists, phlebotomists, and pharmacists
· The fastest growth is expected to be exhibited by the locum tenens segment owing to the cost-effectiveness of hiring temporary employees and an increase in the trend of physicians opting to work as locum tenens
· Some of the key players in the U.S. healthcare staffing market are AMN Healthcare; Envision Healthcare Corporation; Maxim Healthcare Services, Inc.; CHG Management, Inc.; inVentiv Health; Cross Country Healthcare, Inc.; TeamHealth; Almost Family; and Adecco Group
· Mergers, collaborations, and acquisitions are the key strategies undertaken by the players to improve their market position
· In November 2019, HNI Healthcare, Inc. acquired Martin Healthcare Group, a private company working across Florida and the Midwest, in order to expand its reach in the Midwest region of U.S.
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waquasuniverse · 2 years
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U.S. Healthcare Staffing Market Size Worth $34.7 Billion By 2030
U.S. Healthcare Staffing Market Size Worth $34.7 Billion By 2030
The U.S. healthcare staffing market size is expected to reach USD 34.7 billion by 2030, exhibiting a CAGR of 5.6% from 2022 to 2030, based on a new report by Grand View Research, Inc. Increasing geriatric population is leading to rising demand for medical services and shortage of nurses and other medical staff. The cost-effectivity of temporary staffing is likely to drive the market in the coming…
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market-insider · 2 years
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U.S. Revenue Cycle Management Market Driven By Growing Need For Regular Technological Advancements
The U.S. revenue cycle management market size is expected to reach USD 308.2 billion by 2030, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 10.3% from 2022 to 2030. Growing data siloes emerging from multiple healthcare functionalities and departments are driving the need to consolidate and streamline unorganized workflows to boost efficiency and productivity in healthcare organizations. Furthermore, the growing trend of digital health and widespread adoption of healthcare IT solutions are anticipated to accelerate market growth. The market growth in the U.S. can also be attributed to the increasing healthcare IT spending and the growing trend of outsourcing RCM systems and services.
Healthcare systems in the U.S. are undergoing significant transformations and readily adopting electronic processes for claims and reimbursement management. The presence of numerous renowned healthcare facilities, increasing healthcare awareness and spending, and the growing digital literacy are expected to support the growth of the market. Favorable regulatory reforms from government agencies and regular technological advancements by market players are expected to boost market growth over the forthcoming years. The growing need for regular technological advancements is driving market players to revise their product development strategies to improve provider-patient relationship in healthcare facilities. Key participants are focusing on collaborations and strategic partnerships with other market players to combine expertise and grow their business footprint.
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For instance, in January 2020, R1 RCM, Inc. entered into a strategic partnership with Rush University System for Health (RUSH) to achieve revenue cycle performance excellence and boost innovation in healthcare. As per the agreement, the platform by R1 RCM would be integrated with RUSH’s Epic EMR workflow, which uses enterprise-wide performance analytics and intelligent automation to improve the company’s current revenue cycle operations. In addition, the collaboration would aid R1 RCM to launch its innovation lab, which focuses on value-based care and incorporates advanced analytics to educate other healthcare institutions in preparing for the future healthcare workforce. This partnership is expected to enable significant improvements in serving patients and financial results in the Chicago metropolitan area.
Market players are introducing innovative product solutions to expand their product portfolio and grow their clientele. For instance, in June 2019, Homecare Homebase (HCHB) introduced a new RCM tool that would reduce the burden related to staffing and time-consuming administrative functions, which often restrict the home health agencies from spending more quality time with patients. Moreover, this new tool offers greater transparency into the murky RCM process that is suitable for agency management, by making use of HCHB dashboards and analytical systems. This new tool makes use of extensive knowledge of the billing process, which aids in achieving and maintaining high collection days and reducing outstanding days in accounts receivable (AR), enabling more time with patients.
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Healthcare Staffing Market Size, Revenue, Future Plans and Growth, Trends Forecast 2027
Healthcare Staffing Market Overview:
The study covers the Healthcare Staffing market's most recent revenue and market trends. It stresses a market overview, definition, and structure, as well as preventative and pre-planned management. The report focuses on the factors that influence the Healthcare Staffing Market, such as gross margin, cost, market share, capacity utilisation, and supply. It also aids in determining the future potential of Healthcare Staffing Market in the next years. The report presents a market overview through common subjects that are highlighted with unique data based on the need. This overview aids in making decisions about how to approach the market and comprehending the industry's backdrop.
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Market Scope:
Key Market Trends & Challenges:
The study analyses the primary adoption trend impacting the Healthcare Staffing industry as well as issues that may stymie its expansion. Understanding these elements is critical for product planning and design, as well as commercial strategies. To assist you understand the Healthcare Staffing market, this study provides a full analysis of these trends and obstacles.
Market Statistics:
The report provides the market size and share of the Healthcare Staffing market. It helps in understanding the market and the report estimates upfront data and statistics that make the report a very valuable guide for individuals dealing with advertising and industry decision-making processes in the Healthcare Staffing market.
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https://www.maximizemarketresearch.com/market-report/global-healthcare-staffing-market/85020/
Key Players:
• Aya Healthcare • Favorite Healthcare Staffing Inc. • HealthTrust Workforce Solutions • InGenesis, Inc. • Jackson Healthcare • Maxim Healthcare Services • Medical Solutions • Soliant Health • Supplemental Health Care • Syneos Health • TeamHealth • Trustaff
Regional Analysis:
Geographically, this report is segmented into several key countries, with market size, growth rate, import and export of Healthcare Staffing market in these countries, which covering North America, U.S., Canada, Mexico, Europe, UK, Germany, France, Spain, Italy, Rest of Europe, Asia Pacific, China, India, Japan, Australia, South Korea, ASEAN Countries, Rest of APAC, South America, Brazil, and Middle East and Africa.
COVID-19 Impact Analysis on Healthcare Staffing Market:
The report has identified detailed impact of COVID-19 on Healthcare Staffing market in regions such as North America, Asia Pacific, Middle-East, Europe, and South America. The report provides Comprehensive analysis on alternatives, difficult conditions, and difficult scenarios of Healthcare Staffing market during this crisis. The report briefly elaborates the advantages as well as the difficulties in terms of finance and market growth attained during the COVID-19. In addition, report offers a set of concepts, which is expected to aid readers in deciding and planning a strategy for their business.
Key Questions answered in the Healthcare Staffing Market Report are:
Which product segment grabbed the largest share in the Healthcare Staffing market?
How is the competitive scenario of the Healthcare Staffing market?
Which are the key factors aiding the Healthcare Staffing market growth?
Which region holds the maximum share in the Healthcare Staffing market?
What will be the CAGR of the Healthcare Staffing market during the forecast period?
Which application segment emerged as the leading segment in the Healthcare Staffing market?
Which are the prominent players in the Healthcare Staffing market?
What key trends are likely to emerge in the Healthcare Staffing market in the coming years?
What will be the Healthcare Staffing market size by 2027?
Which company held the largest share in the Healthcare Staffing market?
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chitrakullkarni · 2 years
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Temporary Labor Market Impact of COVID-19, Product and Development Study, 2025
The global temporary labor market size is projected to touch USD 673.43 billion by 2025, according to a new report by Million Insights. The market is projected to register a CAGR of 6.4% over the forecast duration. The need to employ extra labors in additional projects during peak working periods are supplementing the market demand.
With the evolution of various technologies such as Virtual Reality (VR) and Augmented Reality (AR), the demand for skilled labor has increased significantly. Small and large enterprises are hiring temporary employees to reduce the cost of the projects and increase the efficiency of their operations.
Further, governments across the globe are introducing various programs such as smart cities construction, healthcare schemes and others. Additionally, countries are also introducing programs for guest workers where workers from other countries work in host countries. For example, H-2B and H-2A programs in the U.S allow owners of the farms to bring workers for different tasks including agricultural and non-agricultural.
Market Share Insights
Major players in the market include Allegis Group, ManpowerGroup Inc., Robert Half International Inc. Westaff, Hays plc, Randstad N.V, Kelly Services, Inc., Persol Holdings Co. Ltd and Adecco. These players are engaged in designing new products and services with an aim to get a competitive edge in the market. For example, ManpowerGroup Inc. launched IntelliReach, which will digitalize management tools.
Further, players are emphasizing mergers and acquisitions to strengthen their dominance in the market. For example, Adecco, in September 2017, acquired Biobridge LLC to expand its base in professional staffing offerings in the field of medical devices, pharmaceuticals, and biotechnology.
Request free sample to get a complete analysis of the market players @ https://www.millioninsights.com/industry-reports/global-temporary-labor-market/request-sample
Regional Insights
In 2018, Europe occupied the largest market share by value and accounted for USD 149.61 billion. The rise in the number of temporary workforce in manufacturing sectors including automobiles is proliferating the growth in the region. Further, the demand for temporary labor is projected to grow with an increasing number of enterprises in Europe.
On the other hand, Asia Pacific is predicted to grow at a steady rate over the next few years. The introduction of several healthcare programs by governments is anticipated to fuel the demand for temporary healthcare workers in the region.  For example, the Indian government has introduced different healthcare programs such as Pradhan Mantri Swasthya Suraksha Yojana (PMSSY), National Aids Control Program, and National Vector Borne Disease Control Program (NVBDCP). Such schemes are projected to create the need for temporary laborers, thereby, attributing to the growth of the market.
COVID-19 Impact Insights
The temporary labor market has witnessed a mixed response owing to the outbreak of COVID-19. The pandemic has led to the closure of various activities including manufacturing, mining, and construction among others. The social distancing norms and growing focus on curbing the COVID-19 spread have led to labor migration, consequently, affecting the market growth.
However, with the systematic reopening of economies, the demand for temporary labor is rising owing to their easy and cost-effective procurement. The significant drop in the temporary labor requirement has caused unemployment both skilled and unskilled labor, this makes the availability of labor easy.
Browse Related Category Research Reports @ https://industryanalysisandnews.wordpress.com/
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Key Differences Between Healthcare Group Purchasing Organizations (GPOs) & Pharmacy Benefit Managers (PBMs)
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GPOs and pharmacy benefit managers PBMs play different roles in the healthcare delivery chain. GPO helps independent healthcare providers by negotiating contracts with suppliers, which includes medical device companies and drug manufacturers. PBMs serve as third-party players for commercial insurance corporations, government payers, and employer organizations.
 Let us look at the difference between both of them:
1. Target Markets Segment:
GPOs:
GPOs serve healthcare providers by operating across the entire healthcare supply chain to combine  the collective purchases of hospitals and systems, nursing homes, long-time period care pharmacies, etc.
PBMs:
PBMs administer prescription drug plans on behalf of health insurance coverage plans, employer groups, etc. PBMs perform administrative features which include the management of drug formularies, claims processing, appeals, grievances, etc. PBMs also negotiate drug charges and rebates with manufacturers.
2.  Get Range of Products:
GPOs:
GPOs assist to source and negotiate contracts for virtually all services and products that a healthcare issuer uses, excluding labor/staffing. In the pharmaceutical area, GPOs usually negotiate contracts for generic drugs (and now biosimilar drugs) for inpatient use, but GPOs additionally sometimes set up contracts for different pills, which includes brand name pills and biologics.
PBMs:
PBMs negotiate to reduce third party payer charges for drugs. PBMs negotiate contracts with both producers and retailers.
3. Operating Guidelines:
GPOs:
1. Each provider that uses GPO services has a written agreement with the GPO;
2. GPOs disclose their administrative price arrangements to providers that use GPO services;
3.GPOs report annually to each member
4.GPOs provide the above information to the Secretary of the U.S.
PBMs:
There is no statutory secure harbor designed mainly to cover manufacturer payments to PBMs.
4. Transparency
GPOs:
Every HSCA GPO member additionally participates in the group cluster buying Initiative (HGPII). GPO business practices are publicly reported on the HPGII in the.
PBMs:
PBMs providing services to Part D plans are required to report and pass on to the plan sponsor the aggregate quantity of rebates and discounts received, but there is no public reporting of the specific quantity of individual rebates, fees, and other reimbursements.
5. Rebates
GPOs:
GPOs do not maintain rebates. GPOs opt for a net price discount, which is the rate GPO clients pay.
PBMs:
PBM rebates are determined on an individual person basis based on contracts with manufacturers.
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