The Selection Lab’s Post

I have spent a *few* years in the healthcare staffing industry..ahem. In that time I have learned a thing or 3 from my clients and from prospects that have seemed to get things perfect in their market when it comes to hiring and retention. I created a short video that highlights timely ideas for your healthcare staffing inititives. If you want my best insights on how healthcare providers are hiring and retaining some of the best nurses comment "video" below and I will send you the link! Let's learn, grow, and build strong teams together in 2024 and beyond!

Addressing the GP Shortage Amidst Surge in Healthcare Practitioners Australia has witnessed an 18% surge in healthcare practitioner numbers since the onset of the COVID-19 pandemic. The latest data from AHPRA reveals a staggering 877,119 registered practitioners across all professions, with over 5,000 new applicants each month. Notably, doctor numbers have escalated by 15% since June 2019, reaching 136,742 this year. Despite this significant influx, projections indicate a looming shortage of 10,600 GPs by 2031, with a projected 58% surge in demand for GP services over the next decade. AHPRA acknowledges the ongoing efforts to address critical health workforce shortages catalyzed by the pandemic, yet emphasizes the necessity for continued action to tackle persistent gaps. Rising operational costs, tax impositions, international recruitment challenges, physician retirements, and burnout contribute to the ongoing struggle faced by the general practice workforce. Former RACGP Rural Chair, Associate Professor Ayman Shenouda, underscores the urgent need for substantial reforms to attract doctors to general practice. He advocates for interventions starting from medical education, emphasizing the importance of exposing students to the merits of general practice early on. While AHPRA reports over 27,000 internationally trained practitioners registered in Australia in the past year, including 5,918 medical practitioners, CEO Martin Fletcher underscores the need for streamlined employment processes for IMGs. He advocates for revisions in English language requirements to enhance Australia’s appeal to experienced overseas practitioners. In response to the interim Kruk Report, the RACGP commits to simplifying accreditation processes for IMGs and addressing rural workforce shortages. Associate Professor Shenouda stresses the importance of supporting IMGs upon their arrival in Australia to ensure their seamless integration into the healthcare system. The shortfall of GPs is acutely felt in rural areas, with patients experiencing prolonged wait times for appointments, particularly for urgent care. Associate Professor Shenouda emphasizes the critical role of a robust rural general practice workforce, urging meaningful government intervention to sustain these practices. As the healthcare landscape evolves amidst demographic shifts and the aftermath of COVID-19, the advocacy for general practice gains renewed urgency. Recognizing the pivotal role of GPs in addressing chronic diseases, mental health challenges, and palliative care, Associate Professor Shenouda underscores the imperative for sustained government support and investment in the sector.

We understand how hard it is to grow a healthcare staffing firm. From finding skilled nurses and doctors to meeting compliance standards, the challenges are many. Meanwhile, your competitors are growing at a breathtaking speed—you can’t afford to fall behind. ➡️Swipe through for 𝐬𝐢𝐦𝐩𝐥𝐞, 𝐫𝐞𝐬𝐞𝐚𝐫𝐜𝐡-𝐛𝐚𝐜𝐤𝐞𝐝 𝐭𝐢𝐩𝐬 to help your firm grow fast. #HealthcareStaffing #GrowthTips #Recruitment #StayAhead #HealthcareRecruitment #BusinessGrowth #SuccessStrategies #Credentialing #PatientSafety #HealthcareCompliance #USStaffing #UKRecruitment #USHealthcareStaffing

Healthcare's job growth: A few numbers to know Healthcare employment continued to grow in certain areas of the sector in May, showing growth on top of April's numbers.  The finding is from the latest jobs report from the Bureau of Labor Statistics, published June 7. 1. Healthcare added 68,300 jobs in May, in line with the average monthly gain of 64,000 over the previous 12 months.  2. In May, employment continued to trend up in ambulatory healthcare services (42,700), hospitals (15,000), and nursing and residential care facilities (10,600). 3. Employment increased in May in physician offices (13,400) and home healthcare services (19,600).

Staffing Industry Analysts (SIA) is excited to announce the release of it's Largest Healthcare Staffing Firms in the United States: 2024 Update research report. ▶ We estimate that 100 firms generated at least $50 million in US healthcare temporary staffing revenue in 2023. Added together, these firms generated $47.3 billion in such revenue, accounting for 88% of the market, by our estimates. ▶ Market share percentages in this report were based on our market estimate of $53.9 billion for the US healthcare temporary staffing market in 2023. ▶ Aya Healthcare ranks as the largest healthcare staffing firm in the United States in 2023, with 17% market share by our estimates. Aya Healthcare is the largest travel nurse firm, the largest allied healthcare firm, the ninth-largest per diem nurse firm, and the tenth largest locum tenens firm. SIA Research Analyst: Kevin Chen

PRIME exits and American HealthCare Capital are proud to introduce a medical staffing company based in the Southeast. The company was founded in 2016, focusing on providing nurses to long-term care facilities, primarily on a per diem basis (90%) with travel nursing making up the remainder of their business. The company has a strong track record of performance and profitability. In 2021, gross revenues were $7,294,255 with a net profit of $1,516,896 (20.8%). In 2022, gross revenues were $13,009,855 with a net profit of $2,441,607 (18.8%). In 2023, gross revenues were $7,244,251 with an adjusted EBITDA of $1,876,139 (25.8%). Projections for 2024 have topline revenue down slightly at $6 million with an estimated adjusted EBITDA of $1.5 million (25%). An organization structure is in place that runs the day-to-day operations of the business. The company currently has 240 nurses in the field working on assignment. The team that has been running the business is expected to stay in place post-sale. The absentee owner is looking to pursue other business interests and will be available for a brief transition period. The asking price for this opportunity is $9 million. For further details and to explore this opportunity, please contact Ms. Palak Jain at Palak@ahcteam.com or Dr. Allen Nazeri DDS MBA at Allen@ahcteam.com. #MedicalStaffing #HealthcareInvestment #Southeast #InvestmentOpportunity #LongTermCare #TravelNursing #RevenueGrowth #AmericanHealthcareCapital #FinancialPerformance #HealthcareBusiness #EBITDA #BusinessForSale #PRIMEexits #InvestmentOpportunity #PrivateEquity #InstitutionalInvestors #HealthcareInvestment

6 Healthcare Staffing Trends to Watch in 2024:- Healthcare staffing entails equipping medical facilities with a qualified workforce of doctors, nurses, and supporting staff. Staff recruitment is done strategically, considering patient count, specialization, location, etc. Adequate staffing at a healthcare institution ensures that nurses and doctors do not experience burnout and that patients get proper attention. 1. Rise of Flexible Staffing Model 2. Integration of Technology in the Hiring Process 3. Focus on Diversity in Healthcare Workforce 4. Increasing Demand for Non-Clinical Roles To read full article in detail click on the below link:-

Healthcare talent demand is booming. Are labor shortages and clinical team shifts impacting your staffing firm? Major report findings: - 1.76 million US healthcare job openings in Sept 2023   - Platform-based staffing up 28%  - Non-physician clinician supply is growing exponentially - Travel nurse staffing revenue ⬆️ 63%   - Respiratory therapists, imaging techs see high demand As roles and needs evolve rapidly, tapping into global talent pools is key. This is where myBasePay, the employer of record for staffing firms, can help. Our licensed global payroll and compliance enables healthcare staffing companies to: - Swiftly onboard international nurses, therapists & technicians as W-2 talent - Pay clinicians compliantly across the U.S - Streamline reporting, taxes, benefits and more Access an unmatched flexible talent pool without the typical legal hurdles. Scale your workforce confidently even amidst uncertainty and change. Let's chat about your talent needs and how our employer-of-record platform can help your healthcare staffing firm adapt and grow! #healthcarestaffing #employerofrecrod #staffingindustryanalysts #mybasepay 

🚀 Elevate Your Medical Facility with TinkBird Healthcare Staffing 🚀 Ensuring your medical facility is staffed with top-tier healthcare professionals is crucial for delivering exceptional patient care. At TinkBird Healthcare Staffing, we specialize in providing highly qualified medical staff tailored to your needs. Why Partner with TinkBird? Comprehensive Staffing Solutions: From nurses to physicians, we cover a wide range of healthcare roles. Quality Assurance: We rigorously vet our candidates to ensure they meet the highest standards. Flexibility: Whether you need temporary coverage or permanent placements, we’ve got you covered. Nationwide Reach: Our extensive network allows us to source talent from across the country. 🤝 Medical facility administrators and HR professionals, what qualities do you prioritize most when selecting staffing partners? Share your insights in the comments below! 🌟 Have you worked with TinkBird before? We’d love to hear about your experience. Leave a comment and let us know how we’ve helped your facility thrive. 🔍 Looking to elevate your staffing solutions? Visit https://bit.ly/4cVnBdXg to learn more and schedule a consultation today. #HealthcareStaffing #MedicalStaffing #PatientCare #HealthcareSolutions #TinkBirdHealthcare

Calling all healthcare enthusiasts! Check out the latest blog posts on Medical Edge Recruitment's website for a treasure trove of insights into all things healthcare! 💡🏥 Whether you're a seasoned professional or just dipping your toes into the field, there's something valuable waiting for you. From discussions on specific specialties or roles to tips on becoming a travel nurse, these blog posts cover a wide range of topics that are sure to pique your interest. 💻✨ So why not take a break from your busy day, grab a cup of coffee ☕, and dive into some thought-provoking reads? Trust me, you won't regret it! 😉 #HealthcareInsights #MedicalEdgeRecruitment #ProfessionalDevelopment https://lnkd.in/g56Tp9u7