Healthcare Staffing- An Emerging Field in Nursing Facilities

23 April 2020: Healthcare staffing refers to services person, corporation, firm, partnership, or a business involved in referring or providing nursing workers to a health care agency, a facility, or an individual to render short-term nursing facilities.

Allied Healthcare Segment to Contribute Substantial Demand to the Market

The major service type variants in the market include allied healthcare, per diem nurse, travel nurse, and locum tenens. The allied healthcare type sector accounted for the largest share in the market and will continue its dominance over the forthcoming period. On the other hand, locum tenens segment is anticipated to register the fastest CAGR in the forecast period. 

Allied healthcare includes respiratory therapists, physical therapists, medical technologists, phlebotomists, occupational therapists, and pharmacists. Lack of professionals in established economies, growing demand owing to rising aged population, and unhealthy lifestyle are likely to drive the segment growth in the forecast period.  

The Indian government revised the bill for regulating allied healthcare services in January 2017 and is anticipated to bring it under the range of a national regulator. The Union Health Ministry of India revised the Allied and Healthcare Council Bill in order to monitor more than 50 categories of healthcare and allied professionals and standardize their practices and education. This will affect more than 40% of the total healthcare specialists and is expected to surge their shortage in India.

The factors responsible for the growth of sector include preference of physicians to work as cost-efficient and locum tenens for employers. As per the investigation by Staff Care, an AMN Healthcare firm, it was detected that the total number of physicians operating as locum tenens is constantly rising. 

Market insights:

Mergers and acquisitions to expand the service portfolio and geographical reach are the significant policies being accepted by key players to upsurge their market share. 

For example, in June 2016, AmSurg Corporation and Envision care Holdings, Inc., signed a contract and formed Envision care Corporation. This merger is poised to progress the market share of both the corporations.

Leading players operating in the healthcare staffing market include Almost Family; Adecco Group; AMN Healthcare; Cross Country Healthcare, Inc.; CHG Management, Inc.; inVentiv Health; Envision Healthcare Corporation; TeamHealth; and Maxim Healthcare Services, Inc.