Healthcare Staffing - Coverage Report Q2 2019

Q2 2019

A historically tight labor market where job openings consistently outpace hiring coupled with an aging US population and greater healthcare utilization continues to bolster demand as well as deal activity within the Healthcare Staffing sector. The number of individuals employed in healthcare is projected to grow 18% from 2016 to 2026, faster than the average for all other occupations, according to the Bureau of Labor Statistics. With an aging population comes increased healthcare utilization which is reflected in the estimated 5.5% annual growth in healthcare spending by 2027. In addition, this demographic trend is exacerbating shortages of clinicians as a flood of physicians and nurses are reaching retirement age. Faced with rising demand for services and provider shortages particularly in specialty areas, healthcare delivery organizations are increasingly turning to outsourced providers to meet their staffing and workforce solutions needs. As a result of these factors, the US Temporary Healthcare Staffing market is projected to grow 4% in 2019 to a record $17.4 billion, according to SIA.

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