U.S. Healthcare Workforce Outlook

This week is National Hospital Week – a time to say thank you to the more than 5.6 million hospital employees around the country. The outlook of the U.S. healthcare workforce is becoming increasing important as more patients get access to care and our elderly population grows. We thought this was the perfect opportunity to gather some data on the U.S. healthcare workforce outlook to better understand the scope of recruitment needs for hospitals. Take a look at the data in our latest infographic:

WORKFORCE DATA AND OUTLOOK

 Shortages

  • U.S. Bureau of Health Professions project a shortage of 190,000 by 20201
  • Peter Buerhaus and colleagues at Vanderbilt University  estimated in 2009 that the shortfall of registered nurses  in 2025 will be 260,000 FTEs2

Projected Growth

  • The health care and social assistance sector is projected to grow at an annual rate of 2.6 percent, adding 5.0 million jobs between 2012 and 20223

Employee Turnover

  • The first-year turnover rate for healthcare providers — the number of employees who left or were fired within their first year — decreased from 28.3 percent in 2011 to 27 percent in 2012. While the mark is still higher than the 22.6 percent across all industries4
  • Hospital CEO turnover increased in 2013, tracking at 20 percent, according to a recent report from the American College of Healthcare Executives.5

 

To download a copy of the Infographic, just click here or on the image below. 

Healthcare Workforce Infographic

Healthcare Workforce Infographic

Sources:

  1. Bureau of Health Professions, Health Resources and Services  Administration, Department of Health and Human Services.  “Physician Supply and Demand Projections to 2020,” October 2006.
  2. Peter Buerhaus, David I. Auerbach, and Douglas O. Staiger. “The  Recent Surge In Nurse Employment: Causes and Implications,”  Health AffairsWeb Exclusivew 657.
  3. Bureau of Labor Statistics. Department of Labor. Employment Projections — 2012-2022. N.p., 19 Dec. 2013. Web. 9 May 2014. <http://www.bls.gov/news.release/pdf/ecopro.pdf>.
  4. PwC Saratoga’s 2013/2014 Human Capital Effectiveness Report: Trends for the Healthcare Provider Sector. Publication. N.p.: PricewaterhouseCoopers LLP, n.d. Web. 7 May 2014. <http://www.pwc.com/en_US/us/hr-management/publications/assets/pwc-hospital-consortium-2013-exec-summary.pdf>.
  5. “Hospital CEO Turnover Rate Increases.” Hospital CEO Turnover Rate Increases. American College of Healthcare Executives (ACHE), n.d. Web. 07 May 2014.

 

health care issues, Hospital Employment, Hospitals, Industry Trends, National Hospital Week

Leave a Reply