The home care workforce more than doubled in size over the past 10 years, jumping from just over 1 million workers in 2010 to more than 2.4 million in 2020. Similar growth will be needed during the coming decade, with the population of U.S. adults 65 and older projected to skyrocket from 49.2 million individuals to 94.7 million. In order for the home care workforce to meet this demand, serious investments will need to be made in direct care jobs across the board, a new report from New York-based advocacy group PHI claims.
American Public Education, Inc. (Nasdaq: APEI), the parent company of American Public University System (“APUS”) and Hondros College of Nursing (“HCN”), today announced that it has completed its acquisition of Rasmussen University (“Rasmussen”). Rasmussen is a nursing- and healthcare-focused institution, and collectively with Hondros, APEI is now the largest educator of pre-licensure nursing students in the country with enrollment of nearly 11,000.
Medical Solutions (the “Company”), one of the largest providers of total workforce solutions in the healthcare industry, today announced a definitive agreement under which funds advised by Centerbridge Partners, L.P. (“Centerbridge”) and Caisse de dépôt et placement du Québec (CDPQ) will acquire the Company from TPG Growth. Launched in 2001, Medical Solutions specializes in placing highly skilled, quality travel nurses, allied healthcare professionals, interim clinical leaders, and non-clinical professionals, in contingent as well as permanent positions, for hospitals, clinics, and long-term care facilities throughout the United States.
The pandemic has altered the labor market for nurses and other medical staff. As Covid-19 spread in spring 2020 and filled emergency rooms with sick patients, thousands of hospital staffers were drawn by sky-high pay and the chance to help hard-hit communities like New York City. Others left the profession after long months treating critically ill patients. Fueled by intense demand, and paid for in part with federal emergency funding to hospitals, travel-nurse pay has skyrocketed.
Physician pay barely increased in 2020, while productivity plummeted due to the pandemic, a new survey found. According to the latest AMGA medical group compensation and productivity survey, which reached nearly 400 medical groups representing more than 190,000 providers, increases in compensation were modest, while productivity impact was significant. “The trends we saw in this year’s survey were the obvious result of flat compensation combined with a decline in volume of services,” AMGA consulting president Fred Horton said in a press release. “Medical groups paid a steep price to retain their physician talent,” the statement went on.
Job.com, the data-driven, AI-powered recruitment platform, announced Thursday the acquisition of Fortus Healthcare Resources, which specializes in the direct and travel placement of healthcare professionals with an emphasis on nursing. Founded in 1993 and based in Utica, NY, Fortus serves hospitals and other care facilities throughout the United States, providing nurses and other medical professionals on a contract and permanent basis. It currently employs over 200 nurses on contract and a team of over 40 recruiters.
QGenda, the leading innovator in healthcare workforce management solutions, announced today the acquisition of CredentialGenie, an intelligent, cloud-based platform that simplifies the provider credentialing process. By adding CredentialGenie’s capabilities to QGenda’s leading healthcare workforce management platform, QGenda will be the only organization to bring together provider credentialing and provider scheduling in one centralized platform, enabling healthcare organizations to streamline processes, improve workflows, and reduce the duration of the onboarding process.
The US healthcare industry is an immensely large sector, employing more than 1 in 8 Americans. While it is sometimes portrayed as a staid industry, the healthcare market is dynamic and in the midst of seismic changes. These shifts beget a need for ongoing education, training, and up-skilling of healthcare professionals. When combined with existing and sustained provider shortages, as laid bare by the pandemic, the topic of healthcare education takes on added importance.
The physician employment market is returning to pre-pandemic levels, a physician recruitment expert says. Particularly in the spring of 2020, the coronavirus pandemic wreaked havoc on the physician employment market. Some physicians worked without pay and others were placed on furloughs. “The demand for physicians went dormant in April and May 2020. Healthcare organizations started cutting back on their ability to do physician searches because they were losing money,” says Tony Stajduhar, president of Alpharetta, Georgia-based Jackson Physician Search. Now, demand for physicians is as strong as ever, he says.
April Kapu, DNP, APRN, ACNP-BC, FAANP, FCCM, FAAN, an associate dean for Vanderbilt’s School of Nursing, leads more than 119,000 members of the American Association of Nurse Practitioners. She assumed the presidency July 1 and will serve a two-year term. Kapu talked with HealthLeaders about how NPs are changing healthcare, the likelihood of all states granting full practice authority to NPs, and what AANP members can expect from her for the next two years.
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